LGI Homes (LGIH) Tops Q3 EPS by 32c
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LGI Homes, Inc. Reports Record Third Quarter and YTD 2020 Results
November 3, 2020 7:00 AM ESTTHE WOODLANDS, Texas, Nov. 03, 2020 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter and nine months ended September 30, 2020.
Third Quarter 2020 Highlights and Comparisons to Third Quarter 2019
Net Income increased 80.4% to $89.0 million, or $3.55 Basic EPS and $3.52 Diluted EPSAdjusted Net Income* of $61.9 million, or $2.47 Adjusted Basic EPS* and $2.45 Adjusted Diluted EPS*Net Income Before Income Taxes increased 20.2% to $77.8 millionHome Sales Revenues increased 10.6% to $534.2 millionHome Closings increased 4.4% to 2,091 homesAverage... More