Company: LGIH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001580670-25-000058
Chunk: 15

Company: LGI Homes, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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,905 $993,348 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 provision 10,507 18,310 12,237 24,351 Net income$31,533 $58,573 $35,527 $75,626 Earnings per share:Basic$1.36 $2.49 $1.52 $3.21 Diluted$1.36 $2.48 $1.52 $3.20 Weighted average shares outstanding:Basic23,221,565 23,543,378 23,308,534 23,560,977 Diluted23,265,062 23,603,311 23,364,957 23,635,116 

See accompanying notes to the consolidated financial statements.

5

Table of Contents

LGI HOMES, INC.

CONSOLIDATED STATEMENTS OF EQUITY

(Unaudited)

(In thousands, except share data)

 Common StockAdditional Paid-In CapitalRetained EarningsTreasury StockTotal EquitySharesAmountBALANCE—December 31, 202427,644,413 $276 $337,161 $2,085,787 $(385,996)$2,037,228 Net income— — — 3,994 — 3,994 Restricted stock units granted for accrued annual bonuses— — 540 — — 540 Stock repurchase— — — — (3,051)(3,051)Compensation expense for equity awards— — 2,625 — — 2,625 Stock issued under employee incentive plans49,113 1 1,189 — — 1,190 BALANCE— March 31, 202527,693,526 $277 $341,515 $2,089,781