LGI Homes, Inc. (NASDAQ:LGIH) Q3 2023 Earnings Conference Call October 31, 2023 12:30 PM ET

Company Participants

Joshua Fattor - Vice President of Investor Relations & Capital Markets

Eric Lipar - Chairman of the Board & Chief Executive Officer

Charles Merdian - Chief Financial Officer & Treasurer

Conference Call Participants

Andrew Azzi - JPMorgan

Truman Patterson - Wolfe

Ken Zener - Seaport Research

Carl Reichardt - BTIG

Jay McCanless - Wedbush

Operator

Welcome to LGI Homes Third Quarter 2023 Conference Call. Today's call is being recorded and a replay will be available on the company's website at www.lgihomes.com. After management's prepared comments, there will be an opportunity to ask questions.

At this time, I'll turn the call over to Joshua Fattor, Vice President of Investor Relations and Capital Markets.

Joshua Fattor

Thanks and good afternoon. I'll remind listeners that this call contains forward-looking statements, including management's views on the company's business strategy, outlook, plans, objectives and guidance for future periods. Such statements reflect management's current expectations and involve assumptions and estimates that are subject to risks and uncertainties that could cause management's expectations to prove to be incorrect.

You should review our filings with the SEC for a discussion of the risks uncertainties and other factors that could cause actual results to differ from those presented today. All forward-looking statements must be considered in light of those related risks and you should not place undue reliance on such statements, which reflect management's current viewpoints and are not guarantees of future performance.

On this call, we'll discuss non-GAAP financial measures that are not intended to be considered in isolation or as substitutes for 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 press release we issued this morning and in our quarterly report on Form 10-Q for the quarter ended September 30, 2023 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.

I'm joined today by Eric Lipar, LGI Homes Chief Executive Officer and Chairman of the Board; and Charles Merdian, Chief Financial Officer and Treasurer.

I'll now turn the call over to Eric.

Eric Lipar

Thanks Josh. Good afternoon and welcome to our quarterly earnings call. I'm pleased to share our exceptional performance during the third quarter of 2023. Our strong results built upon the momentum generated in the first half of the year and the positive impact of decisions we made to align our business with the unique challenges of today's affordability-constrained market.