LGIH - LGI Homes GAAP EPS of $5.20 beats by $0.96 revenue of $723.07M beats by $7.42M
- LGI Homes press release ( NASDAQ: LGIH ): Q2 GAAP EPS of $5.20 beats by $0.96 .
- Revenue of $723.07M (-8.6% Y/Y) beats by $7.42M .
- CEO comment: "We now expect to close between 7,500 and 8,300 homes at an average sales price between $345,000 and $360,000. SG&A as a percentage of revenue is now expected in a range between 10.0% and 11.0% and we expect to end the year with between 100 and 110 active communities. Finally, we are maintaining our prior guidance for gross margins between 27.0% and 29.0%, adjusted gross margins between 28.5% and 30.5% and an effective tax rate between 23.5% and 24.5%.”
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LGI Homes GAAP EPS of $5.20 beats by $0.96, revenue of $723.07M beats by $7.42M