LGI Homes, Inc. (NASDAQ:LGIH) Q1 2022 Earnings Conference Call May 3, 2022 12:30 PM ET

Company Participants

Josh Fattor – Vice President, Investor Relations

Eric Lipar – Chief Executive Officer and Chairman

Charles Merdian – Chief Financial Officer and Treasurer

Conference Call Participants

Deepa Raghavan – Wells Fargo

Doug Wardlaw – J.P. Morgan

Jay McCanless – Wedbush Securities

Truman Patterson – Wolfe Research

Carl Reichardt – BTIG

Alex Barron – Housing Research

Ken Zener – KeyBanc

Operator

Welcome to LGI Homes' First Quarter 2022 Conference Call. Today's call is being recorded, and a replay will be available on the company's website later today at www.lgihomes.com. We have allocated an hour for prepared remarks and Q&A. [Operator Instructions]

At this time, I will turn the call over to Josh Fattor, Vice President of Investor Relations at LGI Homes.

Josh Fattor

Thank you. Good afternoon and welcome to our conference call to discuss our results for the first quarter of 2022. I'll remind listeners that this call will contain forward-looking statements that include statements regarding LGI Homes' business strategy, outlook, plans, objectives and guidance for 2022. All such statements reflect management's current expectations. However, these statements involve assumptions and estimates and are, therefore, subject to risks and uncertainties that could cause management's expectations to prove to be incorrect.

You should review our filings with the SEC, including our risk factors and cautionary statement about forward-looking statements sections for a discussion of the risks, uncertainties and other factors that could cause our actual results to differ from those presented in these forward-looking statements. You should consider all forward-looking statements in light of the related risks and not place undue reliance on these forward-looking statements, which speak only as of the date of this conference call, and are not guarantees of future performance.

Additionally, we will discuss non-GAAP financial measures on today's call. Such information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most comparable measures, prepared in accordance with GAAP, can be found in the earnings release that we issued this morning and in our quarterly report on Form 10-Q for the quarter ended March 31, 2022, that we expect to file with the SEC later today. This filing will be accessible on the SEC's website and in the Investor Relations section of our website. Our hosts for today's call are Eric Lipar, LGI Homes' Chief Executive Officer and Chairman of the Board; and Charles Merdian, Chief Financial Officer and Treasurer.