LGI Homes Inc (OQ:LGIH)
Business Focus: Homebuilding
| Sector: Consumer Cyclicals | Industry: Homebuilding |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1450 Lake Robbins Dr Ste 430 THE WOODLANDS TX 77380-3294 |
| Tel: | N/A |
| Website: | https://www.lgihomes.com |
| IR: | See website |
| Key People | ||
| Eric Lipar Chairman of the Board, Chief Executive Officer | Michael Snider President, Chief Operating Officer | Charles Merdian Chief Financial Officer, Treasurer | Scott J. Garber General Counsel, Corporate Secretary |
| Business Overview |
| LGI Homes, Inc. is focused on the homebuilding industry. The Company designs, constructs and sells homes across approximately 36 markets in 21 states. The Company offers multiple product lines, including attached and detached entry-level homes and active adult offerings that are marketed and sold under its LGI Homes brand and luxury homes that are marketed and sold under its Terrata Homes brand. Its homebuilding operations are organized and managed by seven operating segments: West, Northwest, Central, Midwest, Florida, Southeast and Mid-Atlantic. The Company offers an attached townhome product in certain markets. The Company's CompleteHome and CompleteHome Plus packages offers buyers move-in ready homes. Each of these packages includes preselected, upgraded features, including stainless steel appliances, cabinets and others. Its wholesale business builds and sells homes primarily to institutions interested in acquiring single-family rental properties through bulk sales agreements. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, LGI Homes Inc revenues increased 2% to $2.36B. Net income decreased 39% to $199.2M. Revenues reflect Florida segment increase of 55% to $438.8M, Southeast segment increase of 22% to $556.8M. Net income was offset by Selling expenses increase of 32% to $191.6M (expense), General and administrative increase of 4% to $112.5M (expense). |
| Employees: | 1,089 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,505M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,359M as of Dec 31, 2023 |
| EBITDA (TTM): | $235.66M as of Dec 31, 2023 |
| Net annual income (TTM): | $199.23M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$58.41M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,304M as of Dec 31, 2023 |
| Shares outstanding: | 23,577,250 as of Mar 1, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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