LGI Homes (LGIH) Misses Q1 EPS by 6c, Slight Miss on Revenues; Offers FY19 EPS Guidance Above Consensus

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Go back to LGI Homes (LGIH) Misses Q1 EPS by 6c, Slight Miss on Revenues; Offers FY19 EPS Guidance Above Consensus

LGI Homes, Inc. Reports First Quarter 2019 Results

May 7, 2019 7:02 AM EDT

THE WOODLANDS, Texas, May 07, 2019 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (Nasdaq: LGIH) today announced results for the first quarter 2019.

First Quarter 2019 Results and Comparisons to First Quarter 2018

Net Income of $18.3 million, or $0.81 Basic EPS and $0.73 Diluted EPS

Net Income Before Income Taxes of $21.7 million

Home Sales Revenues increased 3.1% to $287.6 million

Home Closings remained similar at 1,228

Average Home Sales Price increased 4.4% to $234,197

Gross Margin as a Percentage of Homes Sales Revenues was 23.1% as... More