LGI Homes — Aug 4, 2026 release

“We made significant progress strengthening our balance sheet during the quarter, reducing debt by $128.6 million and ending the period with a debt-to-capital ratio of 42.6%, a 220 basis point improvement year-over-year. “On the strength of our outperformance in the first half of the year, we are raising our full-year gross margin guidance for the second consecutive quarter. We now expect our homebuilding gross margin will range between 19.0% and 21.0% and adjusted homebuilding gross margin between 22.5% and 24.5%. We are also raising the guidance for our full-year average sales price per home closed to between $360,000 and $370,000.” Mr. Lipar concluded, “With strong visibility into the second half of the year, we are confident in achieving all of our objectives for 2026 and remain focused on balancing sales pace, profitability, and inventory management as we create long-term value for our shareholders.” Second Quarter 2026 Highlights • Homebuilding revenues of $501.5 million, an increase of 3.7% • Total home closings of 1,440, including 75 currently and previously leased homes, an increase of 8.8% • Home closings of 1,365, an increase of 3.2% • Average sales price per home closed of $367,407, an increase of 0.5% • Homebuilding gross margin as a percentage of homebuilding revenues of 19.8% • Adjusted homebuilding gross margin* as a percentage of homebuilding revenues of 23.2% • Net income before income taxes of $36.6 million • Net income of $27.0 million or $1.16 basic EPS and $1.16 diluted EPS Six Months Ended June 30, 2026 Highlights • Homebuilding revenues of $821.2 million, a decrease of 1.6% 1 • Total home closings of 2,35