NASDAQ$LGIH
LGI Homes Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
LGI Homes reported a decrease in net income but delivered profitability records through cost controls and pricing actions.
LGI Homes announced its Q3 2022 financial results, reporting a decrease in net income by 10.1% to $90.4 million, with home sales revenues decreasing by 27.2% to $547.1 million. However, the company achieved profitability records, including a gross margin of 28.5% and an adjusted gross margin of 29.5%.
- Net Income decreased 10.1% to $90.4 million, or $3.88 Basic EPS and $3.85 Diluted EPS.
- Home Sales Revenues decreased 27.2% to $547.1 million.
- Home Closings decreased 38.1% to 1,547 homes closed.
- Average Sales Price Per Home Closed increased 17.6% to $353,635.
Headline financials
Revenue & EPS history
LGI Homes · Revenue · Quarterly
$547M
Forward guidance
The Company now expects to close between 6,700 and 7,100 homes at an average sales price between $340,000 and $350,000 and to end the year with between 95 and 100 active communities.
Tailwinds
- Home closings between 6,700 and 7,100
- Active selling communities at the end of 2022 between 95 and 100
- Average sales price per home closed between $340,000 and $350,000
- Gross margin as a percentage of home sales revenues between 27.7% and 28.7%
- Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 29.0% and 30.0%
Headwinds
- SG&A as a percentage of home sales revenues between 11.0% and 12.0%
- Effective tax rate between 21.0% and 22.0%
- General economic conditions, including input costs, materials, product and labor availability, mortgage rates and availability
- Construction costs, availability of land, and land development costs in the remainder of 2022
- Governmental regulations relating to land development, home construction and COVID-19
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 Q3 2022
+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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