Brief: LGI Homes Q4 Earnings Per Share $4.53

LGI Homes

15/02/2022 13:16

Feb 15 (Reuters) - LGI Homes Inc  LGIH.O :
    * LGI HOMES, INC. REPORTS FOURTH QUARTER AND RECORD FULL
YEAR 2021
RESULTS, RELEASES 2022 GUIDANCE AND ANNOUNCES INCREASE TO SHARE
REPURCHASE PROGRAM
    * Q4 EARNINGS PER SHARE $4.53
    * QTRLY HOME SALES REVENUES DECREASED 10.7% TO $801.1
MILLION
    * ENDING BACKLOG OF 2,055 HOMES AT DECEMBER 31, 2021, A
DECREASE
OF 30.7%
    * HOME CLOSINGS DURING Q4 OF 2021 TOTALED 2,526, A DECREASE
OF
25.9%
    * AVERAGE SALES PRICE PER HOME CLOSED FOR Q4 OF 2021 WAS
$317,132,
AN INCREASE OF $53,811, OR 20.4%
    * BELIEVES 2022 HOME CLOSINGS WILL BE BETWEEN 9,000 AND
10,000
    * BELIEVES ACTIVE SELLING COMMUNITIES AT END OF 2022 WILL BE
BETWEEN 110 AND 120
    * BELIEVES 2022 AVERAGE SALES PRICE PER HOME CLOSED WILL BE
BETWEEN $315,000 AND $330,000
    * Q4 EARNINGS PER SHARE VIEW $4.20, REVENUE VIEW $758.1
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX3BDHfr 
Further company coverage:  LGIH.O 

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