LGI Homes (LGIH) Tops Q3 EPS by 6c
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November 4, 2015 7:01 AM EST
THE WOODLANDS, Texas, Nov. 04, 2015 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the third quarter 2015 and the nine months ended September 30, 2015.
Third Quarter 2015 Highlights and Comparisons to Third Quarter 2014
Net Income of $15.4 million, or $0.77 Basic EPS and $0.76 Diluted EPSNet Income Before Income Taxes increased 120.4% to $23.2 millionHome Closings increased 67.7% to 934 homesHome Sales Revenues increased 88.0% to $174.0 millionAverage Home Sales Price increased 12.1% to $186,248Adjusted Gross Margin (non-GAAP) as a Percentage of Home Sales Revenues was 27.5% as compared to 28.3%Active Selling...
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November 3, 2015 9:20 PM EST
THE WOODLANDS, Texas, Nov. 03, 2015 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced 264 homes closed in October 2015, up from 241 homes closed in October 2014, representing year-over-year growth of 9.5%. In addition the Company announced 2,722 homes closed for the first ten months of 2015, a 39.9% increase... More
