LGI Homes, Inc. (NASDAQ:LGIH) Q2 2024 Earnings Conference Call July 30, 2024 12:30 PM ET
Company Participants
Joshua Fattor - IR
Eric Lipar - Chairman & CEO
Charles Merdian - CFO & Treasurer
Conference Call Participants
Andrew Azzi - JPMorgan
Carl Reichardt - BTIG
Kenneth Zener - Seaport Research Partners
Jay McCanless - Wedbush Securities
Operator
Welcome to LGI Homes' Second Quarter 2024 Conference Call. Today's call is being recorded and a replay will be available on the company's website at www.lgihomes.com. [Operator Instructions].
At this time, I would now like to turn the call over to Joshua Fattor, Executive Vice President of Investor Relations and Capital Markets. Please go ahead.
Joshua Fattor
Thanks and good afternoon. I'll remind listeners that this call contains forward-looking statements, including management's views and 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 those 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 June 30, 2024 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.
With me today are 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 earnings call. We're pleased to report the strong operating results we delivered in the second quarter and to provide more details on the significant progress we've made, increasing profitability, and growing community count. As highlighted in our press release this morning, we delivered 1,655 homes at a record-breaking average sales price of $364,000, resulting in revenue of over $602 million.