LGI Homes Delivers Annual Home Closings and Sets Date for Fourth Quarter and 2022 Year End Earnings Conference Call
06 January 2023 - 8:01AM
LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 504 homes
in December 2022, for a total of 1,448 homes closed in the fourth
quarter of 2022 and 6,621 homes closed for the full year 2022.
The Company had 99 active selling communities at
the end of December 2022.
“During the fourth quarter, we continued to
navigate the challenging demand environment resulting from higher
mortgage rates,” said Eric Lipar, the Company’s Chief Executive
Officer and Chairman of the Board. “As a result, we closed 1,448
homes in the fourth quarter and finished the year with total
closings of 6,621. While this came in slightly below our guidance,
we are extremely proud of all our teams’ efforts in making home
ownership possible for thousands of families throughout the year.
Additionally, we have made significant progress positioning our
Company for future growth and look forward to sharing our outlook
for 2023 and our full year 2022 results on our earnings call.”
Fourth Quarter and Full Year 2022
Earnings Conference Call and Webcast
The Company plans to release financial results
for the fourth quarter and full year ended December 31, 2022,
before the market opens on Tuesday, February 21, 2023. 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 20 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. FattorVice President of
Investor Relations(281) 210-2586investorrelations@lgihomes.com
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