LGI Homes, Inc. Reports Fourth Quarter and Full Year 2018 Results and Releases 2019 Guidance
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LGI Homes (LGIH) Misses Q4 EPS by 3c, Revenues Miss; Offers FY19 EPS Guidance Above Consensus
February 26, 2019 7:14 AM ESTLGI Homes (NASDAQ: LGIH) reported Q4 EPS of $1.72, $0.03 worse than the analyst estimate of $1.75. Revenue for the quarter came in at $425.2 million versus the consensus estimate of $429.46 million.
Net Income increased 19.7% to $42.7 million, or $1.89 Basic EPS and $1.72 Diluted EPSNet Income Before Income Taxes increased 2.1% to $56.2 millionHome Sales Revenues increased 5.0% to $425.2 millionHome Closings increased 0.4% to 1,852 homesAverage Home Sales Price increased 4.5% to $229,568Gross Margin as a Percentage of Homes Sales Revenues remained approximately the same at 24.4%Adjusted Gross Margin (non-GAAP) as a Percentage of Home Sales Revenues increased to 26.2% from... More