LGI Homes (LGIH) Tops Q4 EPS by 4c
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LGI Homes, Inc. Reports Fourth Quarter and Full Year 2015 Results and Releases 2016 Guidance
March 9, 2016 7:00 AM ESTTHE WOODLANDS, Texas, March 09, 2016 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the fourth quarter and full year ended December 31, 2015.
Fourth Quarter 2015 Highlights and Comparisons to Fourth Quarter 2014
Net Income of $15.7 million, or $0.79 Basic EPS and $0.75 Diluted EPSNet Income Before Income Taxes increased 108.2% to $24.1 millionHome Sales Revenues increased 63.0% to $176.8 millionHome Closings increased 45.1% to 946 homesAverage Home Sales Price increased 12.4% to $186,855Adjusted Gross Margin (non-GAAP) as a Percentage of Home Sales Revenues was 27.6% as compared to 28.9%Active Selling... More