LGI Homes Reports Record-Breaking September and Third Quarter 2020 Home Closings and Announces Plans to Host Third Quarter 20...
October 05 2020 - 7:10PM
LGI Homes, Inc. (NASDAQ: LGIH) today announced 811 home closings in
September 2020, up from 654 home closings in September 2019,
representing year-over-year growth of 24.0%. In addition, the
Company announced record-breaking quarterly home closings of 2,091
during the third quarter of 2020 compared to 2,003 home closings in
the third quarter of 2019, a 4.4% increase year-over-year. The
Company finished the first nine months of 2020 with a total of
5,931 home closings, a 14.6% increase over 5,175 home closings
during the first nine months of 2019.
As of the end of September 2020, the Company had 110 active
selling communities.
The Company expects to release financial results
for the third quarter ended September 30, 2020 before the market
opens on Tuesday, November 3, 2020. The Company expects to hold a
conference call for investors and other interested parties on
Tuesday, November 3, 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 Third Quarter
Earnings Conference Call or reference Conference ID 7865812. 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. Since 2018, LGI Homes has been ranked as the 10th largest
residential builder in the United States 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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