LGI Homes, Inc. announced financial results for the fourth quarter and full year ended December 31, 2024. The company reported full year closings of 6,131 homes, including a bulk sale of 103 leased, single-family homes, and ended the year with a record 151 active communities, a 29.1% increase.
Full year gross margin was 24.2% and adjusted gross margin was 26.3%, representing increases of 120 and 160 basis points over 2023, respectively. Pre-tax net income margin was 11.8%, up 70 basis points from the prior year, with diluted EPS of $8.30.
For the full year 2025, LGI Homes projects closings between 6,200 and 7,000 homes, an average sales price between $360,000 and $370,000, and gross margin between 23.2% and 24.2%. Adjusted gross margin is expected to be between 25.5% and 26.5%, with combined SG&A between 14% and 15% of revenue.
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