LGI Homes (LGIH) Tops Q1 EPS by 32c
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May 8, 2018 7:00 AM EDT
THE WOODLANDS, Texas, May 08, 2018 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the three months ended March 31, 2018.
First Quarter 2018 Results and Comparisons to First Quarter 2017
       Net Income increased 131.8% to $27.3 million, or $1.23 Basic EPS and $1.10 Diluted EPS
       Net Income Before Income Taxes increased 85.4% to $31.2 million
       Home Sales Revenues increased 71.3% to $279.0 million
       Home Closings increased 63.5% to 1,244 homes
       Average Home Sales Price increased 4.8% to $224,296
       Gross Margin as a Percentage of Homes Sales Revenues was 24.8% as compared to 26.7%
       Adjusted Gross Margin (non-GAAP) as a Percentage of Home Sales Revenues was 26.4% as... More
