Company: LGIH
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001580670-25-000076
Chunk: 95

Company: LGI Homes, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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,239,425 Selling expenses35,661 55,196 119,602 149,196 General and administrative27,967 27,991 88,570 90,022 Operating income21,484 80,305 61,261 166,559 Other income, net(5,217)(11,547)(13,204)(25,270)Net income before income taxes26,701 91,852 74,465 191,829 Income tax provision6,997 22,277 19,234 46,628 Net income$19,704 $69,575 $55,231 $145,201 Basic earnings per share$0.85 $2.96 $2.38 $6.17 Diluted earnings per share$0.85 $2.95 $2.37 $6.15 Other Financial and Operating Data:Average community count142.0 133.3 145.3 126.1 Community count at end of period141 138 141 138 Home closings1,065 1,757 3,384 4,495 Average sales price per home closed$372,424 $371,004 $363,929 $366,007 Gross margin (1)$85,112 $163,492 $269,433 $405,777 Gross margin % (2)21.5 %25.1 %21.9 %24.7 %Adjusted gross margin (3)$97,115 $177,603 $303,390 $439,098 Adjusted gross margin % (2)(3)24.5 %27.2 %24.6 %26.7 %EBITDA (4)$38,883 $105,636 $108,625 $224,296 EBITDA margin % (2)(4)9.8 %16.2 %8.8 %13.6 %

(1)Gross margin is home sales revenues less cost of sales.

(2)Calculated as a percentage of home sales revenues.

(3)Adjusted gross margin is a non-GAAP financial measure used by management as a supplemental measure in evaluating operating performance. We define adjusted gross margin as gross margin less capitalized interest and adjustments resulting from the application of purchase accounting