LGI Homes (LGIH) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, August 11, 2026 astatine 12:47 PM CDT 22 min read

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DATE

Aug. 11, 2026 astatine 12:30 p.m. ET

CALL PARTICIPANTS

• Executive Vice President of Finance and Capital Markets - Joshua D. Fattor

• Chief Executive Officer and Chairman of the Board - Eric Thomas Lipar

• Chief Financial Officer and Treasurer - Charles Michael Merdian

Full Conference Call Transcript

Operator: Welcome to the LGI Homes 2nd Quarter 26 Conference Call. Today's telephone is being recorded and a replay volition beryllium disposable connected the company's website astatine ww.lgihomes.com. After management's prepared comments, determination volition beryllium an accidental to inquire questions. At this time, I volition crook the telephone implicit to Joshua D. Fattor, Executive Vice President of Finance and Capital Markets.

Joshua D. Fattor: Thanks, and bully afternoon. I volition punctual listeners that this telephone contains guardant looking statements including management's views connected the company's concern strategy, outlook, plans, objectives and guidance for aboriginal periods. Such statements bespeak management's existent expectations and impact assumptions and estimates that are taxable to risks and uncertainties that could origin those expectations to beryllium to beryllium incorrect. You should reappraisal our filings with the SEC for a treatment of the risks uncertainties, and different factors that could origin existent results to disagree from those presented today.

Forward looking statements indispensable beryllium considered successful airy of those related risks, and you should not spot undue reliance connected specified statements which bespeak management's existent viewpoints and are not guarantees of aboriginal performance. On this call, we volition sermon non GAAP fiscal that are not intended to beryllium considered successful isolation oregon arsenic substitutes for fiscal accusation presented successful accordance with GAAP. Reconciliations of non GAAP fiscal measures to the astir comparable measures prepared successful accordance with GAAP tin beryllium recovered successful the property merchandise we issued this greeting and connected our quarterly study connected Form 10 Q for the play ended 06/30/2026 that volition beryllium filed with the SEC today.

This filing volition beryllium accessible connected the SEC's website and connected the capitalist relations conception of our website. I americium joined contiguous by Eric Thomas Lipar, LGI Home main enforcement serviceman and president of the committee Charles Michael Merdian, main fiscal serviceman and treasurer. I volition present crook the telephone implicit to Eric.

Eric Thomas Lipar: Thanks, Joshua. Good afternoon, and invited to our net call. During the 2nd quarter, our squad delivered beardown results, portion continuing to navigate a dynamic operating environment. We delivered a full of 1.44 1000 homes during the 4th an summation of 9% implicit the anterior year. Of this total, 1.36 1000 homes contributed straight to homebuilding gross of $502 cardinal an summation of 4% compared to the anterior year. The further 75 closings were presently oregon antecedently leased homes the gains from which were reflected successful different income.