Company: LGIH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001580670-25-000043
Chunk: 31

Company: LGI Homes, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 before income taxes$5,724 $23,094 (1)Other segment items reflects other sources of income and expense, including selling expenses, general and administrative expenses and other income, net.(2)The Corporate balance consists of general and administrative unallocated costs for various shared service functions and non-strategic other income.

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March 31, 2025December 31, 2024Assets:Central$1,142,303 $1,096,500 Southeast772,026 733,339 Northwest578,876 567,088 West803,869 759,042 Florida490,026 480,921 Corporate (1)101,559 121,644 Total assets$3,888,659 $3,758,534 

(1)The Corporate balance consists primarily of cash and investments in unconsolidated entities.   

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ITEM 2.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

For purposes of this Management’s Discussion and Analysis of Financial Condition and Results of Operation, references to “we,” “our,” “us” or similar terms refer to LGI Homes, Inc. and its subsidiaries. 

Business Overview

Our management team has been in the residential land development business since the mid-1990s. Since commencing home building operations in 2003, we have constructed and closed over 75,000 homes. 

We are engaged in the design, construction and sale of new homes in the following markets:

WestNorthwestCentralMidwestFloridaSoutheastMid-AtlanticPhoenix, AZSeattle, WAHouston, TXMinneapolis, MNTampa, FLAtlanta, GAWashington, D.C.Tucson, AZPortland, ORDallas Ft. Worth, TXOrlando, FLCharlotte, NCNorfolk, VAAlbuquerque, NMDenver, COSan Antonio, TXFort Myers, FLRaleigh, NCRichmond, VALas Vegas, NVAustin, TXJacksonville, FLWilmington, NCBaltimore, MDNorthern CAOklahoma City, OKFort Pierce, FLWinston-Salem, NCSouthern CADaytona Beach, FLColumbia, SCSalt Lake City, UTSarasota, FLGreenville, SCBirmingham, ALNashville, TN

Our results in the first quarter of 2025 were achieved against a challenging macroeconomic backdrop. Mortgage rates have remained persistently high