LGIH - LGI Homes GAAP EPS of $3.25 beats by $0.55 revenue of $546.05M beats by $15.98M

LGI Homes press release (NASDAQ:LGIH): Q1 GAAP EPS of $3.25 beats by $0.55. Revenue of $546.05M (-22.7% Y/Y) beats by $15.98M. Home Closings decreased 37.6% to 1,599 homes closed Average Sales Price increased 23.9% to $341,495 Total Owned and Controlled lots of 93,270 at March 31, 2022 Active Selling Communities at March 31, 2022 of 88 Ending backlog of 2,429 homes at March 31, 2022 Ending backlog Value of $849.1 million at March 31, 2022 FY22 Guidance: Average sales price per home closed will be between $335,000 and $350,000, Gross margin will be between 27.0% and 29.0% and Adjusted gross margin will be between 28.5% and 30.5%

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LGI Homes GAAP EPS of $3.25 beats by $0.55, revenue of $546.05M beats by $15.98M