LGI Homes, Inc. Reports Record-Breaking June and Second Quarter 2020 Home Closings and Announces Plans to Host Second Quarter...
July 06 2020 - 6:47PM
LGI Homes, Inc. (NASDAQ: LGIH) today announced 760 home closings in
June 2020, up from 651 home closings in June 2019, representing
year-over-year growth of 16.7%. In addition, the Company announced
record-breaking quarterly home closings of 2,005 during the second
quarter of 2020 compared to 1,944 home closings in the second
quarter of 2019, a 3.1% increase year-over-year. The Company
finished the first six months of 2020 with a total of 3,840 home
closings, a 21.1% increase over 3,172 home closings during the
first six months of 2019.
During the month of June, the Company closed its
40,000th home since commencing homebuilding operations in 2003.
Eric Lipar, the Company’s Chief Executive Officer, noted,
“Fulfilling our customers’ dreams of homeownership has always been
our primary motivation. June is designated as National
Homeownership Month and I can think of no better way to celebrate
this initiative than to announce that we closed our 40,000th home
during the month of June. This is another great milestone for LGI
Homes. I want to congratulate all of our employees and thank them
for their dedication to making homeownership a reality for more
than 40,000 families across the nation.”
As of the end of June 2020, the Company had 117
active selling communities.
The Company will release financial results for
the second quarter ended June 30, 2020 before the market opens on
Tuesday, August 4, 2020. The Company will hold a conference call
for investors and other interested parties on Tuesday, August 4,
2020 at 12:30 p.m. Eastern Time to discuss the results and will
provide additional guidance at that time.
A link to the live audio webcast will be
provided through the Investors section of the Company's website
at www.LGIHomes.com under Events and Presentations. The
call can also be accessed by dialing (855) 433-0929 for domestic
participants or (970) 315-0256 for international participants.
Participants should ask for the LGI Homes 2020 Second Quarter
Earnings Conference Call or reference Conference ID 3156759. Those
dialing in should do so at least ten minutes prior to the start of
the call.
An archive of the webcast will be available for
replay on the Company's website for 12 months.
About LGI Homes, Inc.
Headquartered in The Woodlands, Texas, LGI
Homes, Inc. engages in the design, construction and sale of homes
in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North
Carolina, South Carolina, Washington, Tennessee, Minnesota,
Oklahoma, Alabama, California, Oregon, Nevada, West Virginia and
Virginia. Recently recognized as the 10th largest residential
builder in America, based on units closed, the Company has a
notable legacy of more than 17 years of homebuilding operations,
over which time it has closed more than 40,000 homes. For more
information about the Company and its new home developments, please
visit the Company’s website at www.LGIHomes.com.
CONTACT: Investor RelationsJoshua Fattor, (281)
210-2619InvestorRelations@LGIHomes.com
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