Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 172

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part II, Item 7
Chunk 172
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30, 2025 and 2024:

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024(dollars in thousands, except per share data and average home sales price)Statement of Income Data:Home sales revenues$483,485 $602,497 $834,905 $993,348 Expenses:Cost of sales372,877 451,613 650,584 751,063 Selling expenses41,599 52,872 83,941 94,000 General and administrative29,401 30,491 60,603 62,031      Operating income39,608 67,521 39,777 86,254 Other income, net(2,432)(9,362)(7,987)(13,723)     Net income before income taxes42,040 76,883 47,764 99,977 Income tax provision10,507 18,310 12,237 24,351      Net income$31,533 $58,573 $35,527 $75,626 Basic earnings per share$1.36 $2.49 $1.52 $3.21 Diluted earnings per share$1.36 $2.48 $1.52 $3.20 Other Financial and Operating Data:Average community count146.0 128.3 147.0 122.5 Community count at end of period146 128 146 128 Home closings1,323 1,655 2,319 2,738 Average sales price per home closed$365,446 $364,047 $360,028 $362,801 Gross margin (1)$110,608 $150,884 $184,321 $242,285 Gross margin % (2)22.9 %25.0 %22.1 %24.4 %Adjusted gross margin (3)$123,486 $162,690 $206,275 $261,495 Adjusted gross margin % (2)(3)25.5 %27.0 %24.7 %26.3 %EBITDA (4)$54,890 $88,292 $69,742 $118,660 EBITDA margin