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.

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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.

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DALLAS, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will webcast its presentation at the Sidoti August 2023 Virtual Conference on Thursday, August 17 at 11:30 AM ET. Interested parties can access a link to the presentation in the investor relations section of the company's website: www.landseahomes.com.

Landsea Homes to Present at the Sidoti August 2023 Virtual Conference

New community in Liberty Hill will consist of 84 single-family homes AUSTIN, Texas , Aug. 3, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of 84 finished lots in the Lariat master-planned community in Liberty Hill, Texas.  "It's an exciting time for the company and Texas division as we expand both our presence and our portfolio with the acquisition of these new homesites in the greater Austin metro area," said Vince Ruffino, Texas Division President, Landsea Homes.

LANDSEA HOMES EXPANDS TEXAS PORTFOLIO BY ACQUIRING 84 HOMESITES IN LARIAT MASTER-PLANNED COMMUNITY

Landsea Homes Corporation (NASDAQ:LSEA ) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Drew Mackintosh - Mackintosh, Investor Relations John Ho - Chief Executive Officer Mike Forsum - President & Chief Operating Officer Chris Porter - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Securities Carl Reichardt - BTIG Matthew Bouley - Barclays Jay McCanless - Wedbush Alex Barron - Housing Research Center Operator Greetings and welcome to the Landsea Homes Corporation Second Quarter 2023 Earnings Conference Call.

Landsea Homes Corporation (LSEA) Q2 2023 Earnings Call Transcript

Landsea Homes Corporation (LSEA) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.71 per share a year ago.

Landsea Homes Corporation (LSEA) Q2 Earnings and Revenues Top Estimates

Net income attributable to Landsea Homes of $4.9 million , or $0.12 per diluted share Total revenue of $293.2 million Pretax income of $7.5 million Adjusted EBITDA of $27.0 million Total homes delivered of 539 Net new home orders increased 5% to 565 with an order value of $324.4 million Quarter-end homes in backlog of 722 for a total of $455.8 million Repurchased 969,000 shares of common stock for $7.5 million Book value per share of $16.77 DALLAS, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded homebuilder, reported financial results for the second quarter ended June 30, 2023. For the quarter, the Company reported pretax net income of $7.5 million, and net income of $4.9 million, or $0.12 per share.

Landsea Homes Reports Second Quarter 2023 Results

DALLAS, July 18, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) announced today that it has entered into a note purchase agreement (“the Note Purchase Agreement”) with various investors, including funds and accounts managed by BlackRock Financial Management Inc. and affiliates thereof (“BlackRock”) and Angelo, Gordon & Co., L.P. (“Angelo Gordon”). The Note Purchase Agreement provides for the private placement of $250,000,000 aggregate principal amount of 11% senior notes due 2028 (the “Notes”). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by most of the Company's subsidiaries (the “Guarantors”) and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company and Guarantors.   The Company intends to use the net proceeds from the sale of the Notes to pay down a portion of the outstanding borrowings under its revolving credit facility and for working capital and general corporate purposes.

Landsea Homes Announces Private Placement of $250 million in Senior Unsecured Notes

DALLAS, July 10, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the second quarter of 2023 before the market opens on Tuesday, August 1, 2023. 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 2023 Earnings Release and Conference Call

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Landsea Homes Corporation (LSEA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Landsea Homes Corporation (LSEA) Soars 6.1%: Is Further Upside Left in the Stock?

All High Performance Homes now receive complimentary service including in-home smart home activation from a Best Buy Geek Squad expert DALLAS , June 26, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder is now providing one-of-a-kind smart home activation service and assistance for homeowners to make the most of their connected home with the help of Best Buy Geek Squad experts as part of its High Performance Home program. "Landsea Homes has come to be nationally recognized for our responsibly designed High Performance Homes.

LANDSEA HOMES INTRODUCES 'SMART HOME ACTIVATION' SERVICE TO HOMEOWNERS WITH BEST BUY

Landsea Homes Corporation (LSEA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Landsea Homes Corporation (LSEA): Can Its 6.5% Jump Turn into More Strength?

DALLAS , June 13, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the upsizing and pricing of the previously announced underwritten secondary offering by its largest stockholder, Landsea Holdings Corporation (the "Selling Stockholder") of 2,956,522 shares of the Company's common stock, at a price of $7.50 per share (before underwriting discounts and commissions) (the "Offering"). The Selling Stockholder has granted the underwriters a 30-day option to purchase up to 443,478 additional shares of the Company's common stock.

LANDSEA HOMES ANNOUNCES PRICING OF UPSIZED SECONDARY COMMON STOCK OFFERING AND CONCURRENT STOCK REPURCHASE

DALLAS , June 12, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that its largest stockholder, Landsea Holdings Corporation (the "Selling Stockholder"), has commenced a secondary offering of 2,600,000 shares of the Company's common stock (the "Offering"). The Selling Stockholder will also grant the underwriters a 30-day option to purchase up to an additional 390,000 shares of common stock.

LANDSEA HOMES ANNOUNCES SECONDARY COMMON STOCK OFFERING AND CONCURRENT STOCK REPURCHASE

Landsea Homes will offer attached High Performance townhomes Round Rock is nationally recognized as one of the country's most livable towns AUSTIN, Texas , June 12, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of 38 finished lots in the Avery Centre master planned community in Round Rock, Texas.  "Avery Centre is a highly anticipated master planned community in Round Rock, and we're proud to present new opportunities for homebuyers to experience all Landsea Homes has to offer with our High Performance Homes," said Vince Ruffino, Texas Division President, Landsea Homes.

LANDSEA HOMES ACQUIRES 38 HOMESITES IN NEW AVERY CENTRE MASTER PLANNED COMMUNITY IN GREATER AUSTIN METRO AREA

DALLAS, June 05, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ: LSEA) announced today that it will participate in the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel in Los Angeles, California on June 7th, 2023. The Company is scheduled to present at 12:30 PM local time (3:30 PM Eastern).

Landsea Homes to Present at LD Micro Invitational Conference

Landsea Homes' Q1 2023 financial results surpassed expectations, and the company's outlook for the year appears achievable. The US property market seems stable, with new home sales strong and mortgage rates potentially decreasing in the coming months. Landsea's focus on entry-level homes for millennial home buyers is a strong market segment, and the stock is now rated as a speculative buy.

Landsea Homes: 2023 Is Shaping Up As A Good Year (Rating Upgrade)

Entrepreneur Of The Year celebrates ambitious entrepreneurs who are building bolder futures DALLAS , May 15, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that John Ho, CEO of Landsea Homes (NASDAQ: LSEA) was named an Entrepreneur Of The Year® 2023 Pacific Southwest Award finalist. Now in its 37th year, Entrepreneur Of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders of high-growth companies who are building a more equitable, sustainable and prosperous world for all.

EY Announces John Ho, CEO of Landsea Homes as an Entrepreneur Of The Year® 2023 Pacific Southwest Award Finalist

Landsea Homes Corporation (NASDAQ:LSEA ) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Drew Mackintosh - Mackintosh Investor Relations John Ho - Chief Executive Officer Mike Forsum - President & Chief Operating Officer Christopher Porter - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays Carl Reichardt - BTIG Alex Rygiel - B. Riley Operator Good morning ladies and gentlemen and welcome to the Landsea Homes Corporation First Quarter 2023 Earnings Conference Call.

Landsea Homes Corporation (LSEA) Q1 2023 Earnings Call Transcript

First decade of business marked by extraordinary growth, a public offering and the launch of its industry-leading High Performance Home program DALLAS , May 4, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, is celebrating 10 years in business and of building high-quality homes across the country where people can "Live in their Element." John Ho, CEO, launched Landsea Homes in 2013, the first time he ever started a company.

LANDSEA HOMES CELEBRATES 10-YEAR ANNIVERSARY AS NATIONAL HOMEBUILDER

Landsea Homes Corporation (LSEA) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.71 per share a year ago.

Landsea Homes Corporation (LSEA) Q1 Earnings Miss Estimates

First Quarter 2023 Highlights Total revenue of $241.7 million Pretax income of $5.7 million First quarter net income of $3.2 million , or $0.08 per diluted share Home sales gross margin of 18.1% Total homes delivered of 472 Net new home orders of 498 with an order value of $282.5 million Quarter-end homes in backlog of 696 for a total of $422.9 million DALLAS, May 03, 2023 (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, 2023. For the quarter, the Company reported pretax net income of $5.7 million, and net income of $3.2 million, or $0.08 per share.

Landsea Homes Reports First Quarter 2023 Results

New homes at Spring Walk at The Junction in Volusia County feature single-family floorplans with options for three to four bedrooms New homes include acclaimed High Performance Home features Prime location gives residents quick access to major cities and attractions while maintaining the peacefulness and beauty of rural Florida DeBARY, Fla. , May 1, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced that new homes are now selling at Spring Walk at The Junction in DeBary, Florida.

LANDSEA HOMES LAUNCHES SALES AT HIGHLY SOUGHT-AFTER CENTRAL FLORIDA COMMUNITY

DALLAS, April 17, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the first quarter of 2023 before the market opens on Wednesday, May 3, 2023. 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.

News for Landsea Homes Stock (LSEA)