secwatch.observer — SEC 8-K summary
======================================

Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001580670-24-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LGI Homes Q1 net income $17.1M ($0.72 EPS); gross margin up 310 bps to 23.4%
----------------------------------------------------------------------------

- Home sales revenues $390.9M; closings 1,083 homes; average price $360,897.
- Net income $17.1M ($0.72 diluted EPS); gross margin 23.4% (up 310 bps YoY).
- Adjusted gross margin (non-GAAP) 25.3% (up 320 bps YoY).
- Active selling communities at quarter-end: 120 (record, +21.2% YoY); owned/controlled lots 70,145.
- Repurchased 89,227 shares for $10M in Q1; total liquidity $491.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000026/0001580670-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000026/lgih-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001580670-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer