LGI Homes Delivers Annual Home Closings and Sets Date for Fourth Quarter and 2023 Year End Earnings Conference Call
January 04 2024 - 3:01PM
LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 676 homes
in December 2023 compared to 504 homes in December 2022,
representing year-over-year growth of 34.1%. As a result, the
Company closed a total of 1,758 homes in the fourth quarter,
representing year-over-year growth of 21.4%, and 6,729 homes for
the full year 2023, representing year-over-year growth of 1.6%.
The Company had 117 active selling communities
at the end of December 2023.
“December capped another successful year for our
Company,” said Eric Lipar, LGI Homes’ Chief Executive Officer and
Chairman of the Board. “Our teams across the country delivered a
strong finish to the year, enabling us to achieve our full year
guidance targets for both home closings and active community count.
We closed a total of 6,729 homes in 2023, an increase of 1.6% over
2022, and ended the year with 117 active selling communities, an
increase of 18.2% over December 31, 2022.”
Mr. Lipar concluded, “We are extraordinarily
proud of our team’s strong performance in December and throughout
2023, despite a volatile and often challenging housing market.
Throughout the year, we made significant progress positioning our
Company for future growth and we look forward to sharing our
outlook for 2024 along with our full year 2023 results on our
earnings call in February.”
Fourth Quarter and Full Year 2023
Earnings Conference Call and Webcast
The Company plans to release financial results
for the fourth quarter and full year ended December 31, 2023,
before the market opens on Tuesday, February 20, 2024. 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 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 36 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 the World’s Most Trustworthy
Companies. 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. FattorVice President of
Investor Relations(281) 210-2586investorrelations@lgihomes.com
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