LGI Homes Q3 revenue up 5.6% to $651.9M, EPS $2.95; raises FY 2024 guidance

LGI Homes, Inc.

2024-Q3 EPS reported $6.15 revenue$1,645,202,000

Home closings of 1,757 rose 0.3% YoY; average sales price $371,004 (+5.2%).
Adjusted gross margin 27.2% unchanged YoY; pre-tax margin 14.1% (up 130 bps sequentially).
Active communities at quarter-end 138 (+30.2% YoY); total liquidity $375.4M.
Full year 2024 home closings guidance updated to 6,100–6,400; gross margin guidance raised 50 bps.

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