secwatch.observer — SEC 8-K summary
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Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001580670-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LGI Homes Q2 EPS $2.48 (+10% YoY); guides FY 6,400-7,200 closings, higher margins
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- Revenue $602.5M on 1,655 closings; EPS $2.48 diluted, up 10.2% YoY.
- Gross margin 25.0% (adj. 27.0%), up 300bps YoY, meeting pre-pandemic levels.
- Active communities 128, up 25.5% YoY; target 150 by year-end.
- FY2024 guidance: closings 6,400-7,200; ASP $360k-$370k; gross margin 23.5-24.5%.
- Q2 share repurchases: 83,763 shares for $8M; liquidity $405.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000035/0001580670-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000035/lgih-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001580670-24-000035

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