LGI Homes Reports Q1 2026 Earnings with Revenue Decline and Improved Margins
LGI Homes (LGIH) reported Q1 2026 earnings with a 9% revenue decline to $319.7 million, driven by a drop in home closings, though average selling prices increased slightly. The company saw improved gross margins and adjusted EBITDA growth, but faced challenges with a high cancellation rate and lower wholesale channel performance.
Tickers: $LGIH
Topics: Earnings EBITDA Gross Margin Home Closings Net Income Revenue