Company: LGIH
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001580670-25-000016
Chunk: 544

Company: LGI Homes, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 544
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 Although we use EBITDA as a financial measure to assess the performance of our business, the use of this measure is limited because it does not include certain material costs, such as interest and 

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taxes, necessary to operate our business. EBITDA should be considered in addition to, and not as a substitute for, net income in accordance with GAAP as a measure of performance. Our presentation of EBITDA should not be construed as an indication that our future results will be unaffected by unusual or non-recurring items. Our use of EBITDA is limited as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of our results as reported under GAAP. Please see “—Non-GAAP Measures” for reconciliations of EBITDA to net income, which is the GAAP financial measure that our management believes to be most directly comparable.

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Year Ended December 31, 2024 Compared to Year Ended December 31, 2023 

Homes Sales.  Our home sales revenues, home closings, average sales price per home closed (ASP), average community count and average monthly absorption rate by reportable segment for the years ended December 31, 2024 and 2023, and our community count as of December 31, 2024 and 2023, were as follows (revenues in thousands):

Year Ended December 31, 2024As of December 31, 2024Reportable SegmentRevenuesHome ClosingsASPAverage Community CountAverageMonthlyAbsorption RateCommunity Count at End of PeriodCentral$564,608 1,757 $321,348 44.83.350Southeast538,170 1,635 329,156 27.25.031Northwest258,407 483 535,004 14.32.818West472,655 1,140 414,610 21.74.426Florida368,758 1,013 364,026 22.53.826Total$2,202,598 6,028 $365,394 130.53.8151

Year Ended December 31, 2023As of December 31, 2023Reportable SegmentRevenuesHome ClosingsASPAverage Community CountAverageMonthlyAbsorption RateCommunity Count at End of PeriodCentral$730,688 2,241 $326,054 35.75.240Southeast556,808