LGI Homes Delivers Record Annual Home Closings and Sets Date for Fourth Quarter and 2021 Year End Earnings Conference Call
06 January 2022 - 11:26AM
LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 1,004
homes in December, a total of 2,526 home closings in the fourth
quarter and a record 10,442 home closings for the full year 2021.
“2021 was a remarkable year for our Company,”
said Eric Lipar, the Company’s Chief Executive Officer and Chairman
of the Board. “Our LGI teams across the nation delivered a strong
finish to the fourth quarter, enabling us to close a
record-breaking 10,442 homes in 2021, an increase of 11.8% over
last year. This result was at the high end of our closing guidance
and further demonstrates our business model’s ability to weather
unprecedented challenges and deliver outstanding results, year
after year.”
The Company had 101 active selling communities
at the end of December 2021.
Fourth Quarter and Full Year 2021
Earnings Conference Call and Webcast
The Company will release financial results for
the fourth quarter and full year ended December 31, 2021 before the
market opens on Tuesday, February 15, 2022. The Company will hold a
conference call the same day at 12:30 p.m. Eastern Time to discuss
the results.
Management will provide full year 2022 guidance
at that time.
A link to the live audio webcast will be
provided through the Investors page of the Company's website at
www.investor.lgihomes.com under the Events and Presentations
section.
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 Earnings Conference Call or reference Conference ID
1893201.
An archive of the webcast will be available for
replay on the Company's website for 12 months.
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 18 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 2021 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.
Investor Contact
Joshua D. FattorVice President of Investor
Relations(281) 210-2586investorrelations@lgihomes.com
LGI Homes (NASDAQ:LGIH)
Historical Stock Chart
From Jun 2024 to Jul 2024
LGI Homes (NASDAQ:LGIH)
Historical Stock Chart
From Jul 2023 to Jul 2024