LGIH Buyback

LGI Homes, Inc. Buyback

OLI recorded this information on 11/9/2018

Company:

LGI Homes, Inc.

Buyback:

LGIH buyback

$Amount Authorized:

$50,000,000

Buyback Details:

LGI Homes, Inc. (Nasdaq:LGIH) today announced that its Board of Directors authorized a stock repurchase program, pursuant to which the Company may purchase up to $50 million of shares of its common stock through open market transactions, privately negotiated transactions or otherwise in accordance with applicable laws. The timing, amount and other terms and conditions of any repurchases will be determined by the Company's management at its discretion based on a variety of factors, including the market price of the Company's common stock, corporate considerations, general market and economic conditions and legal requirements. The stock repurchase program may be modified, discontinued or suspended at any time. The Company intends to fund the stock repurchase program through cash on hand, future cash flow from operations and its revolving credit facility.

LGI Homes is a holding company. Through its subsidiaries, Co. is engaged in the design, construction, and sale of new homes.Co. provides floor plans in each community with standardized finishes. Co. has introduced the CompleteHome™ and CompleteHome Plus™ packages that provide move-in ready homes. Each of these packages includes features, including stainless steel appliances, cabinets with crown molding, granite or quartz countertops, undermount sinks, as well as outlets with USB charging capability and a Wi-Fi-enabled garage door opener. Both packages include programmable thermostats, double-pane Low-E vinyl windows, LED flush mount ENERGY STAR lights and a variety of other features.

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LGIH — Key Stats (updated 7 hours, 24 minutes ago)

Company Name:	LGI Homes, Inc.
Stock buyback:	LGIH buyback
Website:	www.lgihomes.com
Sector:	General Contractors & Builders
Number of ETFs Holding LGIH:	52
Total Market Value Held by ETFs:	$482.26M
Total Market Capitalization:	$2.24B
% of Market Cap. Held by ETFs:	21.50%

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LGI Homes, Inc. Buyback

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