LGIH

LGI Homes reported third-quarter 2026 revenue of $444.5 million, up 10.2% from $403.5 million a year earlier, and net income of $24.6 million, compared with $19.7 million. Diluted EPS rose to $1.05 from $0.85.

Financial Highlights

• Revenue was $444.5M, compared with $403.5M in the prior-year quarter; YoY change 10.2%.
• Net income was $24.6M, compared with $19.7M in the prior-year quarter; YoY change 24.6%.
• Diluted EPS was $1.05, compared with $0.85 in the prior-year quarter.

Business Highlights

• Third-quarter homebuilding revenue increased 10.3% to $437.5M as closings rose 11.6% to 1,189 homes. Nine-month homebuilding revenue grew 2.2%.
• Wholesale sales accounted for 18.1% of third-quarter closings, or 215 homes, compared with 15.3% a year earlier. Nine-month wholesale closings totaled 621.
• For the first nine months, net orders fell 30% to 2,869 and cancellations rose to 48.9%. Backlog at quarter-end declined 47.5% to 685 homes.
• LGI operated 151 communities, up from 141 a year earlier, and owned or controlled 58,400 lots at quarter-end.
• Management cited mortgage rates near 7% and subdued buyer sentiment as demand pressures, noting that financing challenges may slow backlog conversion and weigh on margins.

Original SEC Filing: LGI Homes, Inc. [ LGIH ] - 10-Q - Nov. 03, 2026