LGI Homes (LGIH) Tops Q2 EPS by 91c

LGI Homes (NASDAQ: LGIH) reported Q2 EPS of $4.75, $0.91 better than the analyst estimate of $3.84. Revenue for the quarter came in at $791.5 million versus the consensus estimate of $713.3 million.

• Net Income Before Income Taxes increased 117.4% to $149.1 million
• Home Closings increased 42.4% to 2,856 homes
• Gross Margin as a Percentage of Homes Sales Revenues increased 250 basis points to 27.0%
• Active Selling Communities at June 30, 2021 decreased 9.4% to 106
• Ending Backlog of 4,801 homes at June 30, 2021, an increase of 125.7%
• Ending Backlog Value of $1.4 billion at June 30, 2021, an increase of 157.1%

For earnings history and earnings-related data on LGI Homes (LGIH) click here.

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