LGIH · 10-Q · 2026Q1 · Full report

Capital Return Program

LGI Homes, Inc. · 2026-04-28 · Importance 56 · Surprise 24

The Company’s Credit Agreement contains covenants that restrict the repurchase of shares and payment of dividends through December 31, 2026. The Board previously approved a $200.0 million increase to the repurchase program in February 2022, creating authorization to repurchase up to $550.0 million of common stock; as of March 31, 2026, $157.3 million remained available under the program. The Company did not repurchase any shares during the three months ended March 31, 2026 and notes that future repurchases are at management’s discretion and may be modified, discontinued or suspended at any time based on market, economic and legal considerations.