LGI Homes, Inc. Reports June and Second Quarter 2024 Home Closings and Announces Date for Second Quarter Earnings Conference Call

Rhea-AI Summary

LGI Homes (NASDAQ: LGIH) announced the closure of 571 homes in June 2024, and a total of 1,655 homes during the second quarter of 2024. By June 30, 2024, LGI Homes had 128 active selling communities. The company will release detailed financial results for Q2 on July 30, 2024, before market opening. A conference call will follow at 12:30 p.m. Eastern Time to discuss the results, with a live audio webcast accessible via the Investor Relations page on their website. The webcast will be archived for replay for one year.

Positive

• Closed 571 homes in June 2024.
• Achieved 1,655 home closings in Q2 2024.
• 128 active selling communities by June 30, 2024.

Negative

• No specific financial metrics provided yet indicating whether the closings met, exceeded, or fell short of expectations.

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 under the Events and Presentations section.

An archive of the webcast will be available for replay on the Company's website for one year from the date of the conference call.

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 70,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.

CONTACT:
Joshua D. Fattor
Executive Vice President, Investor Relations and Capital Markets
(281) 210-2586
investorrelations@lgihomes.com

FAQ

How many homes did LGI Homes close in June 2024?

LGI Homes closed 571 homes in June 2024.

What were LGI Homes' total home closings in Q2 2024?

LGI Homes closed 1,655 homes during the second quarter of 2024.

How many active selling communities did LGI Homes have as of June 30, 2024?

As of June 30, 2024, LGI Homes had 128 active selling communities.

When will LGI Homes release its Q2 2024 financial results?

LGI Homes will release its Q2 2024 financial results on July 30, 2024, before the market opens.

When is LGI Homes' Q2 2024 earnings conference call?

LGI Homes' Q2 2024 earnings conference call will be held on July 30, 2024, at 12:30 p.m. Eastern Time.