LGI Homes Reports June and Second Quarter Home Closings and Announces Date for Second Quarter Earnings Conference Call
LGI Homes closed 627 homes in June 2022, contributing to a total of 2,027 homes closed during the second quarter.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
LGI Homes closed 627 homes in June 2022, contributing to a total of 2,027 homes closed during the second quarter. By June 30, 2022, the company operated 92 active selling communities. Financial results for Q2 2022 will be released on August 2, 2022, with a conference call scheduled for 12:30 p.m. ET the same day. LGI Homes, headquartered in The Woodlands, Texas, ranks as the 10th largest residential builder in the U.S. since 2018, having closed over 50,000 homes in its 19 years of operation.
Positive
- Closed 2,027 homes in Q2 2022, demonstrating strong sales.
- Maintains 92 active selling communities, indicating robust market presence.
- Consistent profitability over 19 years with over 50,000 homes closed.
Negative
- None.
Details
News Market Reaction – LGIH
The recorded move for LGIH in the trading session of this news was -1.53%.
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THE WOODLANDS, Texas, July 06, 2022 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 627 homes in June 2022, resulting in a total of 2,027 homes closed during the second quarter of 2022.
As of June 30, 2022, the Company had 92 active selling communities.
The Company plans to release financial results for the second quarter ended June 30, 2022 before the market opens on Tuesday, August 2, 2022. The Company will hold a conference call at 12:30 p.m. Eastern Time the same day to discuss the results.
A link to the live audio webcast will be provided through the Investor Relations page of the Company's website at www.investor.lgihomes.com under the Events and Presentations section.
An archive of the webcast will be available for replay on the Company's website for one year from the date of the conference call.
About LGI Homes, Inc.
LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America’s fastest growing companies, LGI Homes has a notable legacy of more than 19 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 19 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized for its quality construction and exceptional customer service, LGI Homes’ commitment to excellence extends to its more than 900 employees, earning the Company numerous workplace awards at the local, state and national level, including Top Workplaces USA’s 2022 Cultural Excellence Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.
CONTACT:
Joshua D. Fattor
Vice President of Investor Relations
(281) 210-2586
investorrelations@lgihomes.com
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