LGI Homes — Feb 25, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001580670-25-000011
Showing in the filing
Active selling communities at the end of 2025
“between 160 and 170”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 7
Home closings for FY2025
“between 6,200 and 7,000”
Average sales price per home closed for FY2025
“between $360,000 and $370,000”
Gross margin as a percentage of home sales r… for FY2025
“between 23.2% and 24.2%”
Adjusted gross margin (Non-GAAP) as a percen… for FY2025
“between 25.5% and 26.5%”
Active selling communities at the end of 2025 for FY2025
“between 160 and 170”
SG&A as a percentage of home sales revenues for FY2025
“between 14.0% and 15.0%”
Effective tax rate for FY2025
“approximately 24.5%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Balance Sheet Highlights • Net debt to capitalization of 41.2% at December 31, 2024 • Total liquidity of $323.7 million at December 31, 2024, including cash and cash equivalents of $53.2 million and $270.5 million of availability under the Company’s revolving credit facility Full Year 2025 Outlook Subject to the caveats in the Forward-Looking Statements section of this press release and the assumptions noted below, the Company is providing the following guidance for the full year 2025. The Company expects: • Home closings between 6,200 and 7,000 • Active selling communities at the end of 2025 between 160 and 170 • Average sales price per home closed between $360,000 and $370,000 • Gross margin as a percentage of home sales revenues between 23.2% and 24.2% • Adjusted gross margin (non-GAAP) as a percentage of home sales revenues between 25.5% and 26.5% with capitalized interest accounting for substantially all of the difference between gross margin and adjusted gross margin • SG&A as a percentage of home sales revenues between 14.0% and 15.0% • Effective tax rate of approximately 24.5% This outlook assumes that general economic conditions, including input costs, materials, product and labor availability, interest rates and mortgage availability, in the remainder of 2025 are similar to those experienced to date in 2025 and that the average sales price per home closed, construction costs, availability of land and land development costs in the remainder of 2025 are consistent with the Company’s recent experience. In addition, this outlook assumes that governmental regulations relating to land development and home construction are similar to those currently in place and does not take into account any changes to U.S. trade policies, including the imposition of tariffs and duties on homebuilding
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.