LGI Homes Q3 adjusted EPS beats on higher closings, cost controls
LGIH•LGI Homes reported Q3 adjusted EPS of $1.05, beating the $0.72 consensus, while revenue rose 10% year over year to $444.46 million. The company narrowed its full-year closings guidance, citing affordability pressures.
1. Quarterly results
LGI Homes reported Q3 revenue of $444.46 million, up 10% year over year, and adjusted EPS of $1.05, compared with analyst expectations of $0.72. Net income was $24.56 million. The company said higher home closings drove revenue growth, while cost management, self-developed land and lower selling, general and administrative expenses supported profitability.
2. Closings outlook
LGI Homes expects 2026 home closings of 4,600 to 4,800 and an average sales price per home closed of $360,000 to $370,000. It said affordability pressures are expected to continue weighing on demand.
