LGI Homes (LGIH) Tops Q1 EPS by 44c, Revenues Beat; Withdraws FY20 Guidance

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Go back to LGI Homes (LGIH) Tops Q1 EPS by 44c, Revenues Beat; Withdraws FY20 Guidance

LGI Homes, Inc. Reports Record First Quarter 2020 Results

May 5, 2020 7:00 AM EDT

THE WOODLANDS, Texas, May 05, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced results for the first quarter of 2020.

First Quarter 2020 Results and Comparisons to First Quarter 2019

Net Income increased 133.7% to $42.8 million, or $1.69 Basic EPS and $1.67 Diluted EPSNet Income Before Income Taxes increased 153.0% to $54.9 millionHome Sales Revenues increased 58.1% to $454.7 millionHome Closings increased 49.4% to 1,835... More