LGI Homes (LGIH) Tops Q1 EPS by 53c

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Go back to LGI Homes (LGIH) Tops Q1 EPS by 53c

LGI Homes Reports First Quarter 2022 Results and Updates 2022 Guidance

May 3, 2022 7:00 AM EDT

THE WOODLANDS, Texas, May 03, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the first quarter 2022.

First Quarter 2022 Highlights and Comparisons to First Quarter 2021

Net Income decreased 21.0% to $78.7 million, or $3.30 Basic EPS and $3.25 Diluted EPSNet Income Before Income Taxes decreased 19.2% to $99.6 millionHome Sales Revenues decreased 22.7% to $546.1 millionHome Closings decreased 37.6% to 1,599 homes... More