Company: LGIH
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001580670-25-000043
Chunk: 140

Company: LGI Homes, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part II, Item 7
Chunk 140
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 management believes that this measure is useful for comparing general operating performance from period to period. Other companies may define this measure differently and, as a result, our measure of EBITDA may not be directly comparable to the measures of other companies. 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 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.

Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024 

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 three months ended March 31, 2025 and 2024, and our community count by reportable segment as of March 31, 2025 and 2024, were as follows (revenues in thousands):Three Months Ended March 31, 2025As of March 31, 2025RevenuesHome ClosingsASPAverage Community CountAverageMonthlyAbsorption RateCommunity Count at End of PeriodCentral$101,146 330 $306,503 51.0 2.2 50 Southeast101,682 312 325,904 29.3 3.5 30 Northwest34,237 65 526,723 16.7 1.3 16 West66,956 159 421,107 25.7 2.1 25 Florida47,399 130 364,608 25.3 1.7 25 Total$351,420 996 $352,831 148.0 2.2 146 Three Months Ended March 31,