Nov 3, 8:34 AM ET
LGI Homes reported third-quarter 2026 revenue of $444.5 million, up 10.2% from a year earlier, and net income of $24.6 million, or $1.05 per diluted share, compared with $0.85 a year earlier. The company narrowed its 2026 home closings outlook to 4,600 to 4,800 homes, citing slower sales as affordability pressures weighed on demand, while keeping its other full-year 2026 guidance unchanged.
- Q3 2026 total revenues of $444.5 million, up 10.2%; net income of $24.6 million, or $1.05 per diluted share, versus $0.85 a year earlier
- Full-year 2026 home closings guidance narrowed to 4,600 to 4,800 homes; other full-year outlook items maintained
- Nine-month net orders were 2,869 versus 4,098 a year earlier, and the cancellation rate was 48.9% versus 28.1%
- Net debt to capital ratio was 40.6% at September 30, 2026, down from 43.2% at December 31, 2025
Read the filing on SEC.gov ↗
Oct 14, 4:23 PM ET
LGI Homes entered into a Seventh Amendment to its credit agreement with Wells Fargo as administrative agent and several lenders on October 9, 2026. The amendment extends the maturity of certain lenders' commitments to October 9, 2030, and provides for aggregate revolving commitments of approximately $1.166 billion, including a $175 million incremental facility.
- Amendment dated October 9, 2026, with Wells Fargo Bank, National Association as administrative agent
- Commitments of $855 million, or 73.3%, mature October 9, 2030; 18.4% mature April 28, 2029; 8.3% mature April 28, 2028
- Aggregate revolving commitments of approximately $1.166 billion, including a $175 million incremental facility
- Amendment also modifies borrowing base values and certain financial and other covenants
Read the filing on SEC.gov ↗
Aug 4, 9:00 AM ET
LGI Homes reported second-quarter 2026 total revenues of $516.0 million, up from $488.2 million a year earlier, but net income fell to $27.0 million, or $1.16 per diluted share, from $31.5 million, or $1.36 per diluted share. The company raised its full-year 2026 average sales price and homebuilding gross margin guidance for the second consecutive quarter.
- Q2 total revenues of $516.0 million vs. $488.2 million in Q2 2025; net income of $27.0 million vs. $31.5 million
- Diluted EPS of $1.16 vs. $1.36 in the prior-year quarter; homebuilding gross margin of 19.8% vs. 22.9%
- Full-year 2026 average sales price guidance raised to $360,000-$370,000; homebuilding gross margin guidance raised to 19.0%-21.0%
- Debt reduced by $128.6 million in the quarter; debt-to-capital ratio of 42.6% at June 30, 2026
Read the filing on SEC.gov ↗
Apr 28, 8:20 AM ET
LGI Homes reported first quarter 2026 results for the three months ended March 31, 2026. Home sales revenues were $319.7 million, down from $351.4 million a year earlier, and GAAP net income was $2.2 million, or $0.09 per diluted share, versus $4.0 million, or $0.17, in the prior-year quarter. The company raised its full-year 2026 gross margin guidance to 18.5% to 20.5%, citing first quarter margins above its previous range, while reiterating its other 2026 outlook items.
- Home sales revenues of $319.7 million versus $351.4 million, with 881 home closings versus 996 a year earlier.
- GAAP net income of $2.2 million, or $0.09 diluted EPS, versus $0.17; adjusted diluted EPS of $0.24 excludes a $4.7 million inventory impairment (non-GAAP).
- Full-year 2026 gross margin guidance raised to 18.5% to 20.5%; adjusted gross margin guidance set at 22.0% to 24.0%.
- Total liquidity of $355.0 million and net debt to capital ratio of 44.0% at March 31, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.