LGI Homes Reports Record-Breaking June and Second Quarter Home Closings and Announces Date for Second Quarter Earnings Confer...
July 06 2021 - 5:56PM
LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 997 homes
in June 2021, up from 760 homes closed in June 2020, representing
year-over-year growth of 31.2%. In addition, the Company announced
record-breaking quarterly closings of 2,856 during the second
quarter of 2021 compared to 2,005 closings in the second quarter of
2020, a 42.4% increase year-over-year. The Company finished the
first six months of 2021 with a total of 5,417 closings, a 41.1%
increase over 3,840 closings during the first six months of 2020.
As of June 30, 2021, the Company had 106 active
selling communities.
The Company plans to release financial results
for the second quarter ended June 30, 2021 before the market opens
on Tuesday, August 3, 2021. 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 Investors page of the Company's website at
www.investor.lgihomes.com under the Events and Presentations
section.
The call can also be accessed by dialing (855)
433-0929 for domestic participants or (970) 315-0256 for
international participants. Participants should ask for the LGI
Homes Earnings Conference Call or reference number 7269003.
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. engages in the design, construction and sale of homes
in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North
Carolina, South Carolina, Washington, Tennessee, Minnesota,
Oklahoma, Alabama, California, Oregon, Nevada, West Virginia,
Virginia and Pennsylvania. Since 2018, LGI Homes has been ranked as
the 10th largest residential builder in the United States based on
units closed. The Company has a notable legacy of more than 18
years of homebuilding operations, over which time it has closed
more than 50,000 homes. For more information about the Company and
its new home developments, please visit the Company’s website at
www.lgihomes.com.
CONTACT:Joshua D. FattorVice President of
Investor Relations(281) 210-2619investorrelations@lgihomes.com
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