LGI Homes Reports Record-Breaking September and Third Quarter 2020 Home Closings and Announces Plans to Host Third Quarter 2020 Earnings Call

THE WOODLANDS, Texas, Oct. 05, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced 811 home closings in September 2020, up from 654 home closings in September 2019, representing year-over-year growth of 24.0%. In addition, the Company announced record-breaking quarterly home closings of 2,091 during the third quarter of 2020 compared to 2,003 home closings in the third quarter of 2019, a 4.4% increase year-over-year. The Company finished the first nine months of 2020 with a total of 5,931 home closings, a 14.6% increase over 5,175 home closings during the first nine months of 2019.

As of the end of September 2020, the Company had 110 active selling communities.

The Company expects to release financial results for the third quarter ended September 30, 2020 before the market opens on Tuesday, November 3, 2020. The Company expects to hold a conference call for investors

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Ferrari’s record-breaking V-12-powered race boat is for sale

Mercedes-AMG has its branded Cigarette boats, and Honda builds outboard engines, but no automaker has a watercraft quite like this Ferrari V-12 hydroplane, dubbed Arno XI. Built in the 1950s to chase a speed record, it’s now for sale through DuPont Registry.

First spotted by Road & Track, the Arno XI was developed in-house by Ferrari in partnership with speedboat racer Achille Castoldi, who pitched the idea directly to Enzo Ferrari. The goal was to sett a world speed record in the 800-kilogram class.

Castoldi bought a 4.5-liter V-12 for the project, but Enzo had it replaced with a racing engine from the Scuderia Ferrari stable. It produced 550 to 600 horsepower in race tune, according to the listing. The engine was installed in a hardwood hydroplane hull, designed to skim over the top of the water at speed.

The Arno XI went on to set the record—hitting 150.49

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