LGI Homes (LGIH) Tops Q4 EPS by 2c
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LGI Homes, Inc. Reports Fourth Quarter and Full Year 2014 Results
March 12, 2015 7:01 AM EDTTHE WOODLANDS, Texas, March 12, 2015 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced record results for the fourth quarter and full year ended December 31, 2014.
Fourth Quarter 2014 Highlights and Comparisons to Fourth Quarter 2013
Net Income of $7.5 million, or $0.37 Basic EPS and $0.34 Diluted EPS Adjusted earnings of $8.0 million, after excluding $0.5 million of non-recurring expenses, net of tax, related to the Oakmont acquisition, or $0.39 per basic share Net Income Before Income Taxes increased 233.8% to $11.6 million Home Closings increased 29.1% to 652 homes Home Sales Revenues increased 40.8% to $108.4... More