Strong Backlog at Quarter End
LGI Homes ended March with 1,040 homes in backlog, representing over $406 million, indicating a strong pipeline moving into the second quarter of 2025.
Increase in Active Communities
LGI Homes increased their number of communities by 22% year-over-year, ending the first quarter with 146 active communities.
Sales Training Initiatives
The company conducted intensive sales training for sales leaders to enhance sales team performance across the country, aiming for improved results in challenging market conditions.
Stock Buyback Program
LGI Homes repurchased 41,685 shares of common stock for $3.1 million and has $177.7 million remaining on the current stock buyback authorization.
Credit Facility Recast
The company successfully recast its credit agreement, extending maturity from 2028 to 2029, providing greater financial flexibility.