LGI Homes, Inc. (NASDAQ:LGIH) Q3 2024 Earnings Conference Call November 5, 2024 ET

Company Participants

Joshua Fattor - Executive Vice President of Investor Relations and Capital Markets
Eric Lipar - Chief Executive Officer and Chairman of the Board
Charles Merdian - Chief Financial Officer and Treasurer

Conference Call Participants

Trevor Allinson - Wolfe Research
Carl Reichardt - BTIG
Jay McCanless - Wedbush
Alex Barron - Housing Research Center
Kenneth Zener - Seaport

Operator

Welcome to LGI Homes Third 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. After management's prepared remarks, there will be an opportunity to ask questions.

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

Joshua Fattor

Thanks, Latania, and good afternoon. Before we begin, 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 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 shouldn't 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, which 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, 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 LGI Homes' earnings call. We're pleased to report another strong quarter, driven by sustained demand for new homes across the country. Despite continued affordability challenges, we delivered outstanding financial results that reflect our focus on operational excellence and a commitment to maximize profitability on every home sold.