LGI Homes (LGIH) Tops Q2 EPS by 21c, Revenues Beat; Lifts FY18 EPS Outlook Above Consensus

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Go back to LGI Homes (LGIH) Tops Q2 EPS by 21c, Revenues Beat; Lifts FY18 EPS Outlook Above Consensus

LGI Homes, Inc. Reports Second Quarter and YTD 2018 Results and Increases Guidance

August 7, 2018 7:30 AM EDT

THE WOODLANDS, Texas, Aug. 07, 2018 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the second quarter 2018 and the six months ended June 30, 2018.

Second Quarter 2018 Results and Comparisons to Second Quarter 2017

Net Income increased 47.9% to $47.6 million, or $2.11 Basic EPS and $1.90 Diluted EPS

Net Income Before Income Taxes increased 28.8% to $62.7 million

Home Sales Revenues increased 29.5% to $419.8 million

Home Closings increased 20.1% to 1,815 homes

Average Home Sales Price increased 7.8% to $231,321

Gross Margin as a... More