- Q3 home closings of 557 homes up 24.3% Y/Y. Active selling communities of 34 up 54.5%.
- Home sales revenues of $92.5M up 36.1%. ASP of $166,097 up 9.4%.
- Adjusted gross margin of 28.3% up 80 basis points.
- CEO Eric Lipar: Q4 off to strong start with 241 closings last month, up 89.9% Y/Y. "We continue to see robust demand for homeownership across the nation and maintain an optimistic outlook on the remainder of the year."
- Conference call at 12 ET
- Previously: LGI Homes EPS in-line, beats on revenue
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LGIH -7.9%