Landsea Homes

Landsea Homes Corp. provides building construction services. It has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Landsea Homes reports record revenue in 2022 amidst market challenges

Landsea Homes delivered a strong performance in 2022, achieving record revenue and demonstrating resilience in the face of market challenges.
The company's strategic initiatives to enhance operational efficiency, manage costs, and preserve backlog highlight a focus on long-term sustainability.
While facing headwinds from rising mortgage rates, Landsea Homes remains well-positioned with a healthy balance sheet and a prudent approach to growth.
Guidance for Q1 2023 signals a positive outlook with improving order activity and a strategic focus on managing home deliveries and gross margins.

Landsea Homes reports $3.2M net income in Q1 2023, focuses on strategic growth

Landsea Homes delivered a solid performance in Q1 2023, with notable achievements in net income, sales revenue, and liquidity. The company's strengths lie in effective pricing strategies, liquidity position, and strategic guidance for future deliveries. While facing challenges in revenue decline and leverage, Landsea Homes can leverage opportunities for growth through market expansion and product optimization.

Landsea Homes surpasses Q2 earnings, eyes growth in Texas

Landsea Homes delivered strong financial performance in Q2 2023, exceeding expectations and demonstrating resilience in the housing market.
The company's strategic moves, such as capital raising, share repurchases, and relocation, position it well for future growth and profitability.
While facing challenges in certain markets and margin guidance, Landsea Homes remains optimistic about leveraging positive housing fundamentals and cost efficiencies.
With a focus on expanding in Texas and optimizing profit opportunities, Landsea Homes is poised for continued success in the coming quarters.

Landsea Homes reports robust Q3 earnings, eyes growth opportunities

Landsea Homes demonstrated strong financial performance, strategic acquisitions, and prudent financial management in Q3 2023, positioning itself for growth.
While facing challenges in operational efficiency and market dynamics, the company's focus on growth opportunities and cost management is key to sustained success.
Overall, Landsea Homes' performance, strengths, and proactive measures to address challenges and leverage opportunities indicate a positive outlook for future growth and profitability.

Landsea Homes (LSEA) excels in Q4 2023, eyes growth opportunities

Landsea Homes (LSEA) delivered a strong performance in Q4 2023, surpassing expectations in profitability and order activity.
The company's strategic initiatives in 2023 laid a solid foundation for growth, with a focus on operational efficiency and financial discipline.
Challenges lie in maintaining momentum amidst market uncertainties, but opportunities abound in leveraging strengths like Landsea Title and spec inventory strategy.
Balancing growth strategies with prudent financial management will be key to navigating the competitive landscape and driving sustainable success.

Landsea Homes (LSEA) reports robust Q1 growth and strategic acquisitions

Landsea Homes (LSEA) delivered strong Q1 performance with robust top-line growth, solid order activity, and improved SG&A expenses. The acquisition of Antares Homes in Texas and capital market transactions added stability to the balance sheet.
Challenges include net income impact from transaction costs and the need to enhance gross margin. Opportunities lie in optimizing profitability, leveraging post-acquisition, and capitalizing on the strong housing demand.

Landsea Homes excels in Q2, poised for growth and profitability

Landsea Homes demonstrated strong financial performance and operational efficiency in Q2 2024, surpassing revenue expectations and achieving growth in new orders and community count.
The company's strategic focus on improving gross margins, managing costs, and enhancing delivery volumes positions it well for future success and profitability.
While facing challenges in debt management and market uncertainties, Landsea Homes has opportunities to leverage its strengths and drive sustainable growth through operational excellence and market expansion.

Landsea Homes reports strong Q3 earnings, eyes growth opportunities

Landsea Homes demonstrated robust financial performance and operational efficiency in Q3 2024, driven by revenue growth, margin improvement, and strategic market focus.
While facing challenges such as market volatility and operational complexities, the company's strengths in financial management, product innovation, and market positioning provide a solid foundation for future growth.
By leveraging opportunities in favorable market conditions, innovation in home features, and expansion strategies, Landsea Homes is well-positioned to capitalize on growth prospects and navigate industry challenges effectively.

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Landsea Homes Corp. provides building construction services. It has developed homes and communities in California, Metro New York, Boston, New Jersey, Arizona, Florida, and Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.

DALLAS, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ: LSEA) today announced that the company will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2024 at The Statler in Dallas, TX. Company's presentation is scheduled to begin at 11:30 AM local time (12:30 ET). The presentation will be webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/southwest and in the investor relations section of the company's website: https://ir.landseahomes.com/. A replay of the presentation will also be available on the company's website for 90 days following the event.

Landsea Homes to Present at the 16th Annual Southwest IDEAS Investor Conference in Dallas, Texas on Thursday, November 21

Landsea Homes Corp. (NASDAQ:LSEA ) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Drew Mackintosh - Investor Relations John Ho - Chief Executive Officer Michael Forsum - President & Chief Operating Officer Christopher Porter - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Carl Reichardt - BTIG Alexander Rygiel - B. Riley Securities James McCanless - Wedbush Operator Good day everyone and welcome to the Landsea Homes Corporation third Quarter 2024 Earnings Call.

Landsea Homes Corp. (LSEA) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Landsea (LSEA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Landsea (LSEA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Landsea Homes (LSEA) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.30 per share a year ago.

Landsea Homes (LSEA) Surpasses Q3 Earnings Estimates

DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today financial results for the third quarter ended September 30, 2024. For the quarter, the Company reported pretax income of $14.9 million, and net income of $11.1 million, or $0.30 per share. Adjusted net income (a non-GAAP measure) was $15.9 million or $0.44 per share and adjusted gross margin was 22.8%. Reported pretax income for the prior year period was $12.5 million with net income of $8.6 million, or $0.22 per share. For the prior year period, adjusted net income was $11.7 million, or $0.30 per share and adjusted gross margin was 24.0%.

Landsea Homes Reports Third Quarter 2024 Results

-          210 New High Performance Homes Coming to Desirable Master Planned Community Close to Downtown Austin -          Single-Family Homes and Attached Townhomes -          Community Located at the Gateway of Texas Hill Country KYLE, Texas , Oct. 15, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, is bringing 210 new homes to a brand new community, Parkton Square, in Kyle, Texas. "Kyle is one of the fastest growing cities in the country, and we are pleased to provide more opportunities for homebuyers to live in their element at Parkton Square," said Jill Wasik, Director of Sales and Marketing, Landsea Homes, Austin.

LANDSEA HOMES ADDING MORE HOMES IN KYLE, TEXAS WITH NEW COMMUNITY, PARKTON SQUARE

DALLAS, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the third quarter of 2024 before the market opens on Monday, November 4, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session.

Landsea Homes Schedules Third Quarter 2024 Earnings Release and Conference Call

Brach Ranch in St. Cloud and Trinity Gardens in DeLand will feature single-family detached High Performance Homes ORLANDO, Fla. , Sept. 18, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, today announced it has closed on a total of 124 homesites for two new communities in Central Florida.

LANDSEA HOMES CLOSES ON 124 HOMESITES IN CENTRAL FLORIDA, EXPANDING PORTFOLIO IN VOLUSIA AND OSCEOLA COUNTIES

Landsea Homes Corporation, a small homebuilder with a $477 million market cap, shows growth potential despite volatile financial performance, justifying a soft 'buy' rating. The company focuses on key US regions like California, Florida, and Texas, with significant revenue contributions from these areas. Despite revenue growth in 2024, net income dropped due to rising costs, but management's growth-oriented mindset and strategic acquisitions bolster long-term prospects.

Landsea Homes: A Cheap Homebuilder That's Worth Attention

Landsea Homes Corp. (NASDAQ:LSEA ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Drew Mackintosh - Investor Relations John Ho - Chief Executive Officer Mike Forsum - President & Chief Operating Officer Chris Porter - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Carl Reichardt - BTIG Alex Rygiel - B. Riley Securities Jay McCanless - Wedbush Alex Barrón - Housing Research Center Operator Please standby.

Landsea Homes Corp. (LSEA) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Landsea (LSEA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Landsea (LSEA) Q2 Earnings

Landsea Homes (LSEA) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.33 per share a year ago.

Landsea Homes (LSEA) Q2 Earnings and Revenues Surpass Estimates

DALLAS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today financial results for the second quarter ended June 30, 2024. For the quarter, the Company reported pretax income of $4.6 million, and net income of $2.9 million, or $0.08 per share. Reported income for the quarter includes a $5.2 million or $0.10 per diluted share impact related to a non-cash deferred financing cost write-off associated with the re-cast of the Company's unsecured revolving credit facility. Excluding the loss from the deferred financing cost write-off, net income was $6.5 million or $0.18 per share. Adjusted net income (a non-GAAP measure) was $13.3 million or $0.36 per share and adjusted gross margin was 21.1%. Reported pretax income for the prior year period was $7.5 million with net income of $4.9 million, or $0.12 per share. For the prior year period, adjusted net income was $13.0 million, or $0.33 per share and adjusted gross margin was 23.5%.

Landsea Homes Reports Second Quarter 2024 Results

Homes prioritize sustainability, healthy living, energy savings and connected living to make life at home easier and more comfortable DALLAS , July 31, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the launch of its highly acclaimed and industry leading High Performance Home program to all currently selling and future planned new home communities in the Dallas-Fort Worth market. Landsea Homes expanded its Texas presence into the Dallas-Fort Worth region in April with the acquisition of Dallas-based homebuilder, Antares Homes.

LANDSEA HOMES LAUNCHES ITS HIGH PERFORMANCE HOMES IN DALLAS-FORT WORTH

Investors need to pay close attention to Landsea Homes (LSEA) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Landsea Homes (LSEA) Stock?

DALLAS, July 11, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the second quarter of 2024 before the market opens on Thursday, August 1, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session.

Landsea Homes Schedules Second Quarter 2024 Earnings Release and Conference Call

Century Communities

LGI Homes

Toll Brothers (NYSE: TOL ) CEO Douglas Yearly recently discussed how how his company saw the need to cater to first-time home buyers despite the fact of his company's reputation for serving the high-end, $1 million-plus home buyer. The move to attract first-time home buyers has made Toll Brothers popular amongst homebuilder stocks.

3 Homebuilder Stocks Betting on First-Time Homebuyers

New townhomes make up Essex + Gage, and mark Landsea Homes' first community in the coastal Orange County city of Huntington Beach 129 all-electric homes will open for sale in mid-2025 HUNTINGTON BEACH, Calif. , June 12, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today it has closed on 129 homesites for a new all-electric community called Essex + Gage in Huntington Beach, California.

LANDSEA HOMES BOLSTERS SOUTHERN CA PORTFOLIO, CLOSES ON 129 HOMESITES FOR A NEW COMMUNITY IN HUNTINGTON BEACH

Mason will feature 44 High Performance townhomes in one of Orange County's most desirable and populous cities Acquisition bolsters Landsea Homes' presence in one of the nation's most sought-after housing markets ANAHEIM, Calif. , June 3, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today it has closed on 44 homesites for a new community called Mason in Anaheim, California.

LANDSEA HOMES CLOSES ON 44 HOMESITES FOR A NEW COMMUNITY IN ANAHEIM, CA

Dublin Centre will feature 500 High Performance single-family homes and townhomes spread across 50 acres Landsea Homes bolsters presence in Bay Area's highly desirable East Bay with new ground-up master-planned community  DUBLIN, Calif. , May 23, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential home builder, announced today it has acquired 500 homesites for a new master-planned community called Dublin Centre in Dublin, California.

LANDSEA HOMES CLOSES ON 500 HOMESITES FOR A NEW COMMUNITY IN DUBLIN, CALIFORNIA

Longtime land development executive, Aubrey Dym, will oversee land acquisition and strategy DALLAS , May 20, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today it has appointed Aubrey Dym as Vice President of Land for the company's growing Dallas-Fort Worth division.   "Aubrey's experience speaks for itself.

LANDSEA HOMES NAMES VICE PRESIDENT OF LAND FOR DALLAS-FORT WORTH DIVISION

Landsea Homes Corp. (NASDAQ:LSEA ) Q1 2024 Results Conference Call May 1, 2024 10:00 AM ET Company Participants Drew Mackintosh - IR John Ho - CEO Chris Porter - CFO Mike Forsum - President, COO Conference Call Participants Matthew Bouley - Barclays Carl Reichardt - BTIG Alex Rygiel - B. Riley Securities Jay McCanless - Wedbush Operator Greetings, and welcome to the Landsea Homes Corporation First Quarter 2024 Earnings Call.

Landsea Homes Corp. (LSEA) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Landsea (LSEA) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Landsea (LSEA) Reports Q1 Earnings: What Key Metrics Have to Say

Landsea Homes (LSEA) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.18 per share a year ago.

Landsea Homes (LSEA) Misses Q1 Earnings Estimates

First Quarter 2024 Highlights First quarter net new home orders of 612, a 23% year-over-year increase Total revenue of $294.0 million , driven by 505 home closings at an average price of $579,000 Adjusted EBITDA of $17.0 million Book value per share of $17.92 Repurchased approximately 534,000 shares of common stock for $6.4 million DALLAS, May 01, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded homebuilder, reported financial results for the first quarter ended March 31, 2024. For the quarter, the Company reported pretax income of $0.7 million, and net income of $0.2 million, or $0.01 per share.

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