NASDAQ$LGIH
LGI Homes Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
LGI Homes reported first quarter results, demonstrating resilience and strategic adaptation in a changing market.
LGI Homes announced its Q1 2023 financial results, reporting a net income of $27.0 million, or $1.15 Basic EPS and $1.14 Diluted EPS. The company closed 1,366 homes with home sales revenues of $487.4 million. Net orders increased by 12.5% compared to the previous year.
- Net income was reported at $27.0 million, with an EPS of $1.14.
- Home sales revenues reached $487.4 million following 1,366 home closings.
- The average sales price per home closed increased by 4.5% year-over-year to $356,777.
- Net orders saw a 12.5% increase compared to Q1 2022, totaling 2,219.
Headline financials
Revenue & EPS history
LGI Homes · Revenue · Quarterly
$487M
Forward guidance
The Company now expects home closings between 6,300 and 7,100, active selling communities at the end of 2023 between 115 and 125, average sales price per home closed between $345,000 and $360,000, gross margin as a percentage of home sales revenues between 21.0% and 23.0%, adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 22.5% and 24.5%, SG&A as a percentage of home sales revenues between 12.5% and 13.5%, and effective tax rate between 23.5% and 24.5%.
Tailwinds
- Home closings between 6,300 and 7,100.
- Active selling communities at the end of 2023 between 115 and 125.
- Average sales price per home closed between $345,000 and $360,000.
- Gross margin as a percentage of home sales revenues between 21.0% and 23.0%.
- Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 22.5% and 24.5%.
Headwinds
- Outlook assumes general economic conditions similar to Q1 2023.
- Assumes consistent input costs, materials, product and labor availability.
- Assumes interest rates and mortgage availability remain similar to Q1 2023.
- Assumes consistency in construction costs and land availability.
- Assumes governmental regulations similar to those currently in place.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.3%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+1.5%
Avg return
30 days after
51%
25 / 49 earnings
Positive
+27.0%
Q2 2015
Best reaction
-16.7%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.7% | +7.1% | +7.5% | |
| Q4 2025 | -4.4% | -8.8% | -39.1% | |
| Q3 2025 | +9.3% | +14.7% | +24.3% | |
| Q1 2025 | -7.8% | -7.0% | -14.4% | |
| Q3 2024 | +6.2% | +5.4% | +2.1% | |
| Q2 2024 | +9.6% | +1.5% | +1.6% | |
| Q1 2024 | -6.9% | +0.7% | -0.6% | |
| Q4 2023 | -9.7% | -10.7% | -11.2% | |
| Q3 2023 | +12.6% | +25.0% | +32.8% | |
| Q2 2023 | +0.6% | -2.9% | -11.3% | |
| Q1 2023 | -1.6% | -2.6% | -3.1% | |
| Q4 2022 | -8.7% | -8.0% | -2.7% | |
| Q3 2022 | -9.4% | -9.5% | +11.1% | |
| Q2 2022 | -6.6% | -5.4% | -18.9% | |
| Q1 2022 | +6.9% | -0.2% | +1.0% | |
| Q4 2021 | +5.4% | +2.3% | +1.4% | |
| Q3 2021 | -10.2% | -10.5% | -0.7% | |
| Q2 2021 | -8.2% | -8.5% | -5.7% | |
| Q1 2021 | +0.0% | +6.6% | -0.3% | |
| Q4 2020 | +0.7% | -5.1% | +25.8% | |
| Q3 2020 | +8.1% | +4.8% | -4.3% | |
| Q2 2020 | -1.3% | -5.2% | -2.8% | |
| Q1 2020 | +6.7% | +13.9% | +36.4% | |
| Q4 2019 | -16.7% | -19.0% | -45.0% | |
| Q3 2019 | -1.1% | -6.9% | -1.1% | |
| Q2 2019 | +9.7% | +10.8% | +21.4% | |
| Q1 2019 | -5.4% | -2.7% | +2.3% | |
| Q4 2018 | -3.5% | -4.7% | -1.2% | |
| Q3 2018 | -12.0% | -8.9% | -2.6% | |
| Q2 2018 | +13.3% | +16.9% | +5.9% | |
| Q1 2018 | -16.7% | -18.0% | -21.3% | |
| Q4 2017 | -14.9% | -14.4% | +6.1% | |
| Q3 2017 | +1.5% | +2.0% | +13.5% | |
| Q2 2017 | -3.7% | -4.1% | -8.1% | |
| Q1 2017 | +10.7% | +9.3% | +24.6% | |
| Q4 2016 | +13.7% | +11.2% | +9.2% | |
| Q3 2016 | +0.5% | -0.6% | +5.7% | |
| Q2 2016 | +6.9% | +5.7% | +20.4% | |
| Q1 2016 | -10.2% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | -3.5% | — | — | |
| Q2 2015 | +27.0% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | +8.5% | — | — | |
| Q3 2014 | -5.5% | — | — | |
| Q2 2014 | -1.8% | — | — | |
| Q1 2014 | +11.6% | — | — | |
| Q4 2013 | -7.5% | — | — | |
| Q3 2013 | +5.4% | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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