Segment (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information, by Segment

Financial information relating to our reportable segments was as follows (in thousands):


	Three Months Ended March 31,
		2025		2024
Revenues:
Central		$	101,146	$	103,736
Southeast		101,682		116,445
Northwest		34,237		36,067
West		66,956		73,079
Florida		47,399		61,524
Total home sales revenues		$	351,420	$	390,851

Cost of sales:
Central		$	80,515	$	79,482
Southeast		77,721		85,060
Northwest		28,422		28,795
West		51,795		57,717
Florida		39,254		48,396
Total cost of sales		$	277,707	$	299,450

Other segment items(1):
Central		$	23,727	$	20,898
Southeast		15,842		15,770
Northwest		4,609		7,762
West		12,676		12,468
Florida		10,607		11,073
Corporate(2)		$	528	$	336
Total other segment items		$	67,989	$	68,307

Net income (loss) before income taxes:
Central		$	(3,096)	$	3,356
Southeast		8,119		15,615
Northwest		1,206		(490)
West		2,485		2,894
Florida		(2,462)		2,055
Corporate		(528)		(336)
Total net income before income taxes		$	5,724	$	23,094

(1)Other segment items reflects other sources of income and expense, including selling expenses, general and administrative expenses and other income, net.

(2)The Corporate balance consists of general and administrative unallocated costs for various shared service functions and non-strategic other income.


	March 31, 2025		December 31, 2024
Assets:
Central	$	1,142,303	$	1,096,500
Southeast	772,026		733,339
Northwest	578,876		567,088
West	803,869		759,042
Florida	490,026		480,921
Corporate (1)	101,559		121,644
Total assets	$	3,888,659	$	3,758,534

(1)The Corporate balance consists primarily of cash and investments in unconsolidated entities.

LGI Homes, Inc. 10-Q