LGI Homes (LGIH) Tops Q2 EPS by 5c
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August 5, 2015 7:00 AM EDT
THE WOODLANDS, Texas, Aug. 5, 2015 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the second quarter 2015 and the six months ended June 30, 2015.
Second Quarter 2015 Highlights and Comparisons to Second Quarter 2014
Net Income of $14.0 million, or $0.70 Basic EPS and $0.66 Diluted EPS
Net Income Before Income Taxes increased 52.8% to $21.2 million
Home Closings increased 28.9% to 853 homes
Home Sales Revenues increased 49.3% to $158.8 million
Average Home Sales Price increased 15.8% to $186,197
Adjusted Gross Margin (non-GAAP) as a Percentage of Home Sales Revenues increased 30 basis points to 28.2%...
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August 4, 2015 7:50 PM EDT
THE WOODLANDS, Texas, Aug. 4, 2015 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced 311 homes closed in July 2015, up from 174 home closings in July 2014, representing year-over-year growth of 78.7%. Â As of the end of July 2015, the Company had 49 active selling communities.
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