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AI brief of an SEC Form 8-K · LGI Homes (LGIH)

LGI Homes Q4 home sales revenue falls 8.4% to $557.4 million; issues 2025 outlook

Negative Impact 3 of 5 earnings Written later

LGI Homes reported fourth-quarter 2024 results in which home sales revenue, net income and diluted EPS all declined from a year earlier. For full year 2024, revenue fell 6.6% to $2.2 billion and net income fell 1.6% to $196.1 million, while gross margin rose to 24.2%. The company also issued 2025 guidance for 6,200 to 7,000 home closings and cited expected affordability challenges, which matters to shareholders because it sets a near-term outlook for sales and profitability.

Key points

  • Q4 2024: home sales revenues decreased 8.4% to $557.4 million; net income decreased 2.3% to $50.9 million, or $2.15 diluted EPS
  • Full year 2024: home closings of 6,131 including a bulk sale of 103 leased homes; net income of $196.1 million, or $8.30 diluted EPS
  • Gross margin rose 120 basis points to 24.2% for 2024; 2025 guidance projects gross margin of 23.2% to 24.2%
  • 2025 guidance: 6,200 to 7,000 home closings and average sales price of $360,000 to $370,000

The filing

CompanyLGI Homes (LGIH)
Form8-K, current report
Filed with the SECFeb 25, 2025, 8:32 AM ET
Accession number0001580670-25-000011

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.