secwatch.observer — SEC 8-K summary
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Issuer:     LGI Homes, Inc. (LGIH)
CIK:        0001580670
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001580670-24-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000049/0001580670-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580670/000158067024000049/lgih-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001580670-24-000049

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