LGI Homes, Inc. Reports Second Quarter and YTD 2018 Results and Increases Guidance
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LGI Homes (LGIH) Tops Q2 EPS by 21c, Revenues Beat; Lifts FY18 EPS Outlook Above Consensus
August 7, 2018 7:32 AM EDTLGI Homes (NASDAQ: LGIH) reported Q2 EPS of $1.90, $0.21 better than the analyst estimate of $1.69. Revenue for the quarter came in at $419.8 million versus the consensus estimate of $407.31 million.
Net Income increased 47.9% to $47.6 million, or $2.11 Basic EPS and $1.90 Diluted EPSNet Income Before Income Taxes increased 28.8% to $62.7 millionHome Sales Revenues increased 29.5% to $419.8 millionHome Closings increased 20.1% to 1,815 homesAverage Home Sales Price increased 7.8% to $231,321Gross Margin as a Percentage of Homes Sales Revenues was 26.1% as... More