THE WOODLANDS, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the three months ended March 31, 2025. "During the quarter, we continued to see strong demand for new homes," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Affordability remained the biggest challenge for buyers, and rate volatility affected not only their ability to purchase a home, but also their confidence in moving forward with that decision. Given this challenging and uncertain backdrop, we were pleased with the solid results we delivered in the first quarter. "In the first quarter, we delivered 996 homes at an average sales price of $35

THE WOODLANDS, Texas, April 03, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 426 homes in March 2025. The Company closed 996 homes during the first quarter of 2025. As of March 31, 2025, the Company had 146 active selling communities. First Quarter 2025 Earnings Conference Call and Webcast The Company plans to release financial results for the first quarter ended March 31, 2025, before the market opens on Tuesday, April 29, 2025. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.in

THE WOODLANDS, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the fourth quarter and year ended December 31, 2024. "In the face of a mixed macroeconomic backdrop, our strong finish in the fourth quarter enabled us to meet, and in many cases exceed, our strategic goals for 2024," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Our strong execution in the fourth quarter resulted in full year closings of 6,131 homes, including the bulk sale of 103 leased, single-family homes. We successfully ended the year with a record high 151 active communities, an impressive increase of 29.1%. We made significant progress

THE WOODLANDS, Texas, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 580 homes in December 2024. As a result, the Company closed a total of 1,636 homes in the fourth quarter, including the bulk sale of 103 leased, single-family homes in November 2024, and a total of 6,131 homes for the full year 2024. As of December 31, 2024, the Company had 151 active selling communities. "Our teams across the country delivered a strong finish to the year," said Eric Lipar, LGI Homes' Chief Executive Officer and Chairman of the Board. "We closed 580 homes across 151 active communities in December, enabling us to achieve our guidance targets for full year home c

THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the third quarter 2024 and the nine months ended September 30, 2024. Third Quarter 2024 Highlights Home sales revenues increased 5.6% to $651.9 millionHome closings increased 0.3% to 1,757 homesAverage sales price per home closed increased 5.2% to $371,004Gross margin as a percentage of home sales revenues decreased 60 basis points to 25.1%Adjusted gross margin* as a percentage of home sales revenues was 27.2% in both comparable periodsNet income before income taxes increased 2.7% to $91.9 millionNet income increased 3.8% to $69.6 million, or $2.96 basic EPS and $2

THE WOODLANDS, Texas, Oct. 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 579 homes in September 2024, a 7.2% year-over-year increase, resulting in a total of 1,757 homes closed during the third quarter of 2024. As of September 30, 2024, the Company had 138 active selling communities. The Company plans to release financial results for the third quarter ended September 30, 2024, before the market opens on Tuesday, November 5, 2024. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.

THE WOODLANDS, Texas, July 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the second quarter 2024 and the six months ended June 30, 2024. Second Quarter 2024 Highlights Home sales revenues of $602.5 millionHome closings of 1,655Average sales price per home closed of $364,047Gross margin as a percentage of home sales revenues of 25.0%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 27.0%Net income before income taxes of $76.9 millionNet income of $58.6 million, or $2.49 basic EPS and $2.48 diluted EPS Six Months Ended June 30, 2024 Highlights Home sales revenues of $993.3 millionHome closings of 2,738Average sa

THE WOODLANDS, Texas, July 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 571 homes in June 2024. In addition, the Company announced quarterly home closings of 1,655 during the second quarter of 2024. As of June 30, 2024, the Company had 128 active selling communities. The Company plans to release financial results for the second quarter ended June 30, 2024 before the market opens on Tuesday, July 30, 2024. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com un

THE WOODLANDS, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the three months ended March 31, 2024. First Quarter 2024 Highlights Home sales revenues of $390.9 millionHome closings of 1,083Average sales price per home closed of $360,897Gross margin as a percentage of home sales revenues of 23.4%Adjusted gross margin (non-GAAP) as a percentage of home sales revenues of 25.3%Net income before income taxes of $23.1 millionNet income of $17.1 million, or $0.72 basic EPS and $0.72 diluted EPSActive selling communities at March 31, 2024 of 120Total owned and controlled lots of 70,145Ending backlog of 1,335 homes valued at $51

THE WOODLANDS, Texas, April 03, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 482 homes in March 2024. The Company closed 1,083 homes during the first quarter of 2024. As of March 31, 2024, the Company had 120 active selling communities. The Company will release financial results for the first quarter ended March 31, 2024, before the market opens on Tuesday, April 30, 2024 and will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results. A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com under the Events and Presentations section

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TERRELL, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is excited to announce that sales have commenced in Creekside Estates in Terrell, Texas. LGI Homes is building 141 lots in this charming community in Kaufman County, offering homebuyers a perfect combination of small-town living, vibrant local attractions and easy access to Dallas. Creekside Estates is rich with amenities designed for families and outdoor enthusiasts alike. Residents will enjoy a children's playground and a swimming pool, already built and ready for use in the neighborhood. In addition, a new park with an additional playground, walking trails and an open green space is scheduled for completion

CAPE CORAL, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, and the company's luxury brand, Terrata Homes, are proud to announce the expansion of new home offerings in Cape Coral, Florida, reinforcing a decade-long commitment to the area's growth. LGI Homes has opened a new sales office on Tropicana Parkway West to support continued homebuilding in northern Cape Coral. Meanwhile, Terrata Homes introduces an elevated living experience with the launch of a dedicated sales office on Chiquita Boulevard South. "Cape Coral is a beautiful coastal paradise in Southwest Florida, known for its warm beaches, vibrant marine life, and accessible Florida lifestyle," said Mickey Moreno, Vice President

THE WOODLANDS, Texas, May 05, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced it closed 450 homes in April 2025. As of April 30, 2025, the Company had 147 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America's fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exce

WINTER HAVEN, Fla., May 02, 2025 (GLOBE NEWSWIRE) -- LGI Homes is excited to announce the opening of Peach Crossings, a brand-new, 52-lot community now selling in Winter Haven. Nestled in the heart of Polk County, one of Florida's most desirable and fastest-growing regions, homebuyers at Peach Crossings can choose from five never-before-seen floor plans at an exceptional value. Perfectly positioned between Orlando and Tampa, and just minutes from LEGOLAND® Florida Resort, PEPPA PIG Theme Park, and Lake Eloise, Peach Crossings is an ideal location for families and first-time buyers seeking a modern, connected lifestyle in a scenic setting. Winter Haven's lake life lifestyle, with over 50 s

ROSENBERG, Texas, April 30, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is proud to announce that its luxury brand, Terrata Homes, is now selling homes at Hallimore Ranch, located in Rosenberg, Texas. With 518 lots, this is Terrata Homes' largest development to date. This premier development debuts an all-new lineup of seven modern floor plans on 55- and 60-foot lots, intentionally designed to meet the needs of today's homebuyers seeking space, style and convenience. Hallimore Ranch introduces a bold new architectural direction for Terrata Homes in Houston, featuring striking modern-contemporary exteriors that blend clean lines with elegant textures. The homes showcase a fresh,

THE WOODLANDS, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced financial results for the three months ended March 31, 2025. "During the quarter, we continued to see strong demand for new homes," said Eric Lipar, Chairman and Chief Executive Officer of LGI Homes. "Affordability remained the biggest challenge for buyers, and rate volatility affected not only their ability to purchase a home, but also their confidence in moving forward with that decision. Given this challenging and uncertain backdrop, we were pleased with the solid results we delivered in the first quarter. "In the first quarter, we delivered 996 homes at an average sales price of $35

LAS VEGAS, April 28, 2025 (GLOBE NEWSWIRE) -- LGI Homes is proud to announce the opening of The Oasis at Hollywood Springs, an exclusive 55-plus active adult collection nestled within the vibrant Hollywood Springs neighborhood. The upgraded homes are designed with active adults in mind, providing the perfect setting for a relaxed, yet engaging lifestyle. The Oasis at Hollywood Springs is quickly becoming one of the most attractive neighborhoods for those 55 and older who are looking to embrace an enriching lifestyle. Las Vegas is widely recognized as a top destination for retirees, offering a mild climate, affordable living costs, and access to world-class amenities. The city boasts a wid

COMMERCE CITY, Colo., April 25, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) announced the opening of a new section at Second Creek Farm, a premier community located in Commerce City, Colorado. This expanded section of 240 lots offers homebuyers an incredible opportunity to secure an upgraded, affordable new home in a vibrant and highly desirable location. With continued interest in the community, this new section offers even more opportunities for prospective buyers to make Second Creek Farm their home. LGI Homes invested $1 million in the park and amenities to ensure that families will enjoy a well-rounded living experience. Additionally, the community is adjacent to 840 acres

CONROE, Texas, April 24, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is proud to announce the grand opening of a stunning new 6-acre park at Sweetwater Ridge, its premier community in Conroe, Texas. With an investment of nearly $3 million, this expansive park delivers an exceptional lineup of outdoor amenities designed to foster a strong sense of community for residents. Nestled in the heart of Sweetwater Ridge, the new private park features a state-of-the-art children's playground, an exciting splash pad, two dog parks, an 18-hole disc golf course, a scenic fishing lake stocked for leisurely afternoons, and a beautiful community pavilion with picnic tables. Surrounded by walki

DALLAS, Ga., April 21, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) is now selling homes at Mount Tabor Pointe, a vibrant new community located in the heart of Dallas, Georgia. Since launching, the community has seen remarkable engagement, reflecting strong interest and enthusiasm from the residents of Dallas. This exceptional new neighborhood offers affordable new homes, making the dream of homeownership a reality for families looking to settle in one of the area's most desirable locations. Conveniently located near GA-120 and Hwy 278, Mount Tabor Pointe ensures a quick and easy commute to Marietta. Residents can also enjoy the top-rated schools in the Paulding County School Di

THE WOODLANDS, Texas, Jan. 06, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced that it has appointed Maria Renna Sharpe as a new independent director to its Board. Ms. Sharpe brings more than 37 years of legal, human resources and accounting expertise to LGI Homes. She is the Managing Principal of Sharpe Human Solutions, LLC, a human resource consulting and commercial real estate investment company, and is a member of the Board of Directors of Lamb Weston Holdings, Inc. (NYSE:LW) where she serves as Chair of the Compensation and Human Capital Committee. Ms. Sharpe served as Senior Vice President, Global Human Capital Management, Services & Operations at PepsiCo

THE WOODLANDS, Texas, Dec. 08, 2021 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ:LGIH) today announced that it has appointed Shailee Parikh as a new independent director to its Board, effective December 31, 2021. As Global Head of Strategy and Solution Development for Health Solutions at Aon plc, a leading global professional services firm, Ms. Parikh is responsible for leading strategic planning, solution design and development, and product lifecycle management for Aon's Health business. Prior to Ms. Parikh's current role, she has held various leadership positions within Aon including Chief Financial Officer of EMEA, Aon Hewitt; Senior Vice President, Global Business Services; and Chief

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Seaport Research Partners upgraded LGI Homes from Sell to Neutral

Wedbush upgraded LGI Homes from Underperform to Neutral and set a new price target of $125.00 from $97.00 previously

Seaport Research Partners downgraded LGI Homes from Neutral to Sell and set a new price target of $85.00

Wedbush downgraded LGI Homes from Neutral to Underperform and set a new price target of $74.00 from $88.00 previously

BTIG Research upgraded LGI Homes from Sell to Neutral

Seaport Research Partners initiated coverage of LGI Homes with a rating of Buy and set a new price target of $156.00

BTIG Research downgraded LGI Homes from Neutral to Sell and set a new price target of $73.00

BTIG Research upgraded LGI Homes from Sell to Neutral

BTIG Research downgraded LGI Homes from Neutral to Sell and set a new price target of $98.00

JP Morgan reiterated coverage of LGI Homes with a rating of Underweight and set a new price target of $96.00 from $125.00 previously