LGI Homes Reports September and Third Quarter Home Closings and Announces Date for Third Quarter Earnings Conference Call

Rhea-AI Summary

LGI Homes, Inc. announces 13.2% increase in home closings for Q3 2023

Positive

• LGI Homes closed 540 homes in September 2023 and a total of 1,751 homes in Q3 2023, a 13.2% increase compared to Q3 2022.

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• None.

THE WOODLANDS, Texas, Oct. 04, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 540 homes in September 2023, and a total of 1,751 homes closed during the third quarter of 2023, a 13.2% increase over the third quarter of 2022.

As of September 30, 2023, the Company had 106 active selling communities.

The Company plans to release financial results for the third quarter ended September 30, 2023 before the market opens on Tuesday, October 31, 2023. 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 35 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 65,000 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 America’s Most Trustworthy Companies for the second consecutive year. 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 2023 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
Vice President of Investor Relations and Capital Markets
(281) 210-2586
investorrelations@lgihomes.com

 

FAQ

How many homes did LGI Homes close in September 2023?

LGI Homes closed 540 homes in September 2023.

What was the percentage increase in home closings for Q3 2023 compared to Q3 2022?

There was a 13.2% increase in home closings for Q3 2023 compared to Q3 2022.

When will LGI Homes release its financial results for the third quarter of 2023?

LGI Homes plans to release its financial results for the third quarter of 2023 on Tuesday, October 31, 2023.

What time is the conference call to discuss the results?

The conference call to discuss the results will be held at 12:30 p.m. Eastern Time on Tuesday, October 31, 2023.

Where can I find the live audio webcast of the conference call?

The live audio webcast will be provided through the Investor Relations page of LGI Homes' website at www.investor.lgihomes.com under the Events and Presentations section.