LGI Homes (LGIH) Tops Q2 EPS by 5c
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LGI Homes, Inc. Reports Second Quarter and YTD 2015 Results and Updates Full Year Guidance
August 5, 2015 7:00 AM EDTTHE 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%... MoreLGI Homes, Inc. Reports July 2015 Home Closings
August 4, 2015 7:50 PM EDTTHE 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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