earnings
confidence high
sentiment neutral
materiality 0.70
LGI Homes reports Q4 net income $50.9M, full year 2024 revenue down 6.6%; issues 2025 guidance for 6,200-7,000 closings
LGI Homes, Inc.
2024-FY EPS reported
$8.30
revenue$2,202,598,000
- Q4 2024 home sales revenues $557.4M (down 8.4% YoY); net income $50.9M ($2.15 diluted EPS).
- Full year 2024 closings 6,131 including bulk sale; gross margin 24.2% (up 120bps); adjusted gross margin 26.3%.
- Active communities at year end up 29.1% to 151; owned lots 70,899.
- 2025 guidance: closings 6,200-7,000; avg price $360k-$370k; gross margin 23.2%-24.2%.
- Net debt to capitalization 41.2%; total liquidity $323.7M.