LGI Homes (LGIH) Tops Q1 EPS by 2c
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LGI Homes, Inc. Reports First Quarter 2015 Results
May 7, 2015 6:30 AM EDTTHE WOODLANDS, Texas, May 7, 2015 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights and Comparisons to First Quarter 2014
Net Income of $7.7 million, or $0.39 Basic EPS and $0.33 Diluted EPS Net Income Before Income Taxes increased 65.9% to $11.7 million Home Closings increased 38.4% to 671 homes Home Sales Revenues increased 59.0% to $120.7 million Average Home Sales Price increased 14.9% to $179,866 Adjusted Gross Margin as a Percentage of Home Sales Revenues increased 30 basis points to 27.8% Active Selling... More