LGI Homes (NASDAQ: LGIH) reported Q4 EPS of $4.53, $0.33 better than the analyst estimate of $4.20. Revenue for the quarter came in at $801.1 million versus the consensus estimate of $758.08 million.

Outlook:

Subject to the caveats in the Forward-Looking Statements section of this press release, the Company is providing the following guidance for the full year 2022. The Company believes:

• Home closings will be between 9,000 and 10,000
• Active selling communities at the end of 2022 will be between 110 and 120
• Average sales price per home closed will be between $315,000 and $330,000
• Gross margin as a percentage of home sales revenues will be between 26.5% and 28.5%
• Adjusted gross margin (non-GAAP) as a percentage of home sales revenues will be between 28.0% and 30.0% with capitalized interest accounting for substantially all the difference between gross margin and adjusted gross margin
• SG&A as a percentage of home sales revenues will be between 9.0% and 10.0%
• Effective tax rate will be between 23.5% and 24.5%

For earnings history and earnings-related data on LGI Homes (LGIH) click here.