LGI Homes (LGIH) Tops Q4 EPS by 7c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/5/2026

1. HUBS
2. EXPE
3. ARM
4. FIS
5. BROS
6. QCOM
7. DDOG
8. EW
9. ZG
10. CPAY

Go back to LGI Homes (LGIH) Tops Q4 EPS by 7c

LGI Homes, Inc. Reports Fourth Quarter and Full Year 2016 Results and Releases 2017 Guidance

March 7, 2017 7:00 AM EST

THE WOODLANDS, Texas, March 07, 2017 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the fourth quarter and full year ended December 31, 2016.

Fourth Quarter 2016 Highlights and Comparisons to Fourth Quarter 2015

Net Income of $23.2 million, or $1.09 Basic EPS and $1.01 Diluted EPSNet Income Before Income Taxes increased 45.1% to $34.9 millionHome Sales Revenues increased 34.0% to $236.8 millionHome Closings increased 20.4% to 1,139 homesAverage Home Sales Price increased 11.3% to $207,928Gross Margin as a Percentage of Homes Sales Revenues was 27.2% as compared to 26.5%Adjusted... More