LGI Homes, Inc. Reports Record Fourth Quarter and Full Year 2020 Results and Releases 2021 Guidance
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UPDATE: LGI Homes (LGIH) Tops Q4 EPS by $1.07, Revenues Beat
February 23, 2021 7:04 AM EST(Updated - February 23, 2021 7:05 AM EST)
LGI Homes (NASDAQ: LGIH) reported Q4 EPS of $5.34, $1.01 better than the analyst estimate of $4.27. Revenue for the quarter came in at $897.4 million versus the consensus estimate of $854.06 million.
Fourth Quarter 2020 Highlights and Comparisons to Fourth Quarter 2019
Net Income increased 110.3% to $136.4 million, or $5.45 Basic EPS and $5.34 Diluted EPSAdjusted Net Income* of $132.2 million, or $5.28 Adjusted Basic EPS* and $5.18 Adjusted Diluted EPS*Net Income Before Income Taxes increased 96.2% to $166.5 millionHome Sales Revenues increased 48.2% to $897.4 millionHome Closings increased 35.5% to 3,408 homesAverage Sales Price Per... More