LGIH - LGI Homes GAAP EPS of $4.53 beats by $0.20 revenue of $801.07M beats by $43M

LGI Homes press release (NASDAQ:LGIH): Q4 GAAP EPS of $4.53 beats by $0.20. Revenue of $801.07M (-10.7% Y/Y) beats by $43M. Gross margin as a percentage of homes sales revenues decreased 70 basis points to 26.4% Adjusted gross margin as a percentage of home sales revenues decreased 120 basis points to 27.6%. Guidance FY22: Gross margin as a percentage of home sales revenues will be between 26.5% and 28.5%. Adjusted gross margin (non-GAAP) as a percentage of home sales revenues will be between 28.0% and 30.0% with capitalized interest accounting for substantially all the difference between gross margin and adjusted gross margin.

For further details see:

LGI Homes GAAP EPS of $4.53 beats by $0.20, revenue of $801.07M beats by $43M