LGI Homes LGIH Stock repurchase program, additional amount authorized
Stock repurchase program, additional amount authorized at other companies
Other financials
Where this comes from
Reported directly by LGI Homes in its filing.
Tagged under the XBRL concept lgih:StockRepurchaseProgramAdditionalAmountAuthorized.
The source filing: LGI Homes’s 10-Q, filed April 28, 2026.
- Filed
- Apr 28, 2026, 4:30 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001580670-26-000048
In February 2022, our Board of Directors (the “Board”) approved a $200.0 million increase to our previously authorized stock repurchase program, pursuant to which we may purchase up to $550.0 million of shares of our common stock through open market transactions, privately negotiated transactions or otherwise in accordance with applicable laws. During the three months ended March 31, 2026, we did not repurchase any shares of our common stock. During the three months ended March 31, 2025, we repurchased 41,685 shares of our common stock at a total cost, including commissions and excise taxes, of $3.1 million, to be held as treasury stock. A total of 3,656,592 shares of our common stock has been repurchased since our stock repurchase program commenced in 2018. As of March 31, 2026, we may purchase up to $157.3 million of shares of our common stock under our stock repurchase program.
Item 1. LGI Homes, Inc. Consolidated Financial Statements (Unaudited)
FAQ
- What is LGI Homes's stock repurchase program, additional amount authorized?
- LGI Homes (LGIH) reported stock repurchase program, additional amount authorized of $200M in Q1 2022.
- What does stock repurchase program, additional amount authorized mean?
- This represents the incremental capital authorized by the board of directors for the repurchase of the company's common stock. It serves as a signal of management's confidence in the company's intrinsic value and their commitment to returning excess capital to shareholders. Investors monitor this to gauge the company's capital allocation strategy and potential for earnings per share accretion.
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