LGI Homes — Apr 28, 2026 release

“The performance to date in 2026 reinforces our confidence in the full‑year guidance we shared on our last call. Additionally, based on first quarter margins exceeding our previous guidance range, we are raising full year gross margin guidance to between 18.5% and 20.5% and adjusted gross margin between 22.0% and 24.0%.” Mr. Lipar concluded, “Our first quarter results reflect the strength of our operating model and the dedication of our teams across the country. The structural advantages of our self-developed land pipeline, combined with our disciplined approach to pricing and inventory management, continue to support our margins and position us to perform through varying market conditions.” First Quarter 2026 Highlights • Home sales revenues of $319.7 million • Home closings of 881 • Total home closings of 916, including 35 currently and previously leased homes • Average sales price per home closed of $362,924 • Gross margin as a percentage of home sales revenues of 18.7% • Gross margin excluding inventory impairment* as a percentage of home sales revenues of 20.2% • Adjusted gross margin* as a percentage of home sales revenues of 23.4% • Net income before income taxes of $4.3 million • Net income of $2.2 million or $0.09 basic EPS and $0.09 diluted EPS • Adjusted net income* of $5.6 million, or $0.24 adjusted basic EPS* and $0.24 adjusted diluted EPS* *Please see “ Non-GAAP Measures ” for a reconciliation of Gross Margin Excluding Inventory Impairment (a non-GAAP measure) and Adjusted Gross Ma