LGI Homes, Inc. Reports Fourth Quarter and Full Year 2019 Results and Releases 2020 Guidance
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LGI Homes (LGIH) Tops Q4 EPS by 18c, Revenues Beat
February 25, 2020 7:09 AM ESTLGI Homes (NASDAQ: LGIH) reported Q4 EPS of $2.52, $0.18 better than the analyst estimate of $2.34. Revenue for the quarter came in at $605.65 million versus the consensus estimate of $585.26 million.
Fourth Quarter 2019 Results and Comparisons to Fourth Quarter 2018
Net Income increased 52.1% to $64.9 million, or $2.69 Basic EPS and $2.52 Diluted EPSNet Income Before Income Taxes increased 51.0% to $84.9 millionHome Sales Revenues increased 42.5% to $605.6 millionHome Closings increased 35.8% to 2,515Average Home Sales Price increased 4.9% to $240,815Gross Margin as a Percentage of Homes Sales Revenues was 23.5%Adjusted Gross Margin (non-GAAP) as a Percentage of Home... More