LGI Homes (LGIH) Tops Q4 EPS by 7c
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LGI Homes, Inc. Reports Fourth Quarter and Full Year 2016 Results and Releases 2017 Guidance
March 7, 2017 7:00 AM ESTTHE 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