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

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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.

NEWPORT BEACH, Calif., Jan. 19, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the completion of its acquisition of Hanover Family Builders (HFB), an Orlando-based homebuilder for a purchase price of $179.3 million, subject to certain post-closing adjustments plus the assumption of debt of approximately $69.3 million, which was refinanced with the Company's unsecured revolving credit facility.

LANDSEA HOMES EXPANDS FLORIDA HOMEBUILDING PORTFOLIO BY ACQUIRING HANOVER FAMILY BUILDERS

PALM BAY, Fla., Jan. 13, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it closed on 65 homesites at St. Johns Preserve, a new gated community in Palm Bay, Florida.

LANDSEA HOMES CLOSES ON 65 ADDITIONAL HOMES AT ST. JOHNS PRESERVE

PALM BAY, Fla., Jan. 10, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on the land purchase for 200 additional homesites in Country Club Estates.

Landsea Homes Closes On 200 Homesites In Palm Bay, Florida

SURPRISE, Ariz., Dec. 29, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 122 additional homesites at The Villages at North Copper Canyon in Surprise, Arizona.

LANDSEA HOMES CLOSES ON 122 ADDITIONAL HOMESITES AT THE VILLAGES AT NORTH COPPER CANYON

Landsea Homes (LSEA) has been struggling lately, but the selling pressure may be coming to an end soon.

Landsea Homes (LSEA) Sees Hammer Chart Pattern: Time to Buy?

NEWPORT BEACH, Calif., Dec. 27, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Susan Lattmann and Mollie Fadule have joined the Company's Board of Directors.

LANDSEA HOMES ADDS TWO SENIOR INDUSTRY EXPERIENCED MEMBERS TO BOARD OF DIRECTORS

NEWPORT BEACH, Calif., Dec. 2, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the purchase of more than 900 of the remaining final lots in Anthem Texas, a 1,500-home master-planned community located in Kyle.

Landsea Homes Expands Texas Homebuilding Portfolio By Acquiring Final Remaining Lots In Anthem Master Planned Community

PLACENTIA, Calif., Nov. 22, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it plans to build 139 new homes for a new community called Hudson in Placentia in North Orange County, California.

Landsea Homes Plans To Build 139 New Homes In Placentia

NEWPORT BEACH, Calif., Nov. 15, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Chris Porter has been hired for the Company's position of Chief Financial Officer.

Chris Porter Named New Chief Financial Officer For Landsea Homes

Landsea Homes Corp (LSEA) CEO John Ho on Q3 2021 Results - Earnings Call Transcript

Landsea Homes Corporation (LSEA) delivered earnings and revenue surprises of -48.57% and -16.60%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Landsea Homes Corporation (LSEA) Misses Q3 Earnings and Revenue Estimates

Third Quarter 2021 Highlights - Increased fully diluted earnings by 130% - - Expanded home sales gross margins by 250 basis points - - Grew quarter-ending backlog units and dollar value by 18% and 38%, respectively - - Increased total lots owned and controlled by 46% - - Raised 2021 full year revenue net income outlook -

Landsea Homes Reports Third Quarter 2021 Results

ORLANDO, Fla., Nov. 9, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 69 homesites for a new community of single-family homes, The Groves in Grand Island, Florida.

Landsea Homes Closes On Homesites For New Community, The Groves In Grand Island, Florida

ORMOND BEACH, Fla., Nov. 3, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on the final 43 available homesites at Bulow Creek Preserve at Halifax Plantation in Ormond Beach, Florida.

Landsea Homes Closes On Final 43 Homesites At Bulow Creek Preserve

PALM BAY, Fla., Oct. 11, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 42 new homesites at The Courtyards at Waterstone in Palm Bay, Florida.

Landsea Homes Closes On 42 New Homesites At The Courtyards At Waterstone In Palm Bay

NEWPORT BEACH, Calif., Oct. 07, 2021 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that the Company has established a $500 million unsecured revolving credit facility with an accordion feature that permits increases in borrowing capacity under the revolving credit facility up to an additional $350 million subject to certain conditions. Western Alliance Bank and BofA Securities, Inc., (Bank of America) served as Joint Lead Arrangers and Joint Bookrunners. The Company plans to use the new facility to refinance its current outstanding debt obligations and grow its existing operations.

Landsea Homes Announces New Unsecured Credit Facility

NEWPORT BEACH, Calif., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the third quarter of 2021 before the market opens on Wednesday, November 10, 2021. The company will host a conference call on the same day at 7:00 AM Pacific time (10:00 AM Eastern time) to discuss its financial results and conduct a question-and-answer session.

Landsea Homes Schedules Third Quarter 2021 Earnings Release and Conference Call

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AUSTIN, Texas, Sept. 29, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes"  or the "Company"), a publicly traded residential homebuilder, announced today that it has launched sales in Texas with spectacular new homes in the Belle Oaks and Vintage Oaks master-planned communities in Bulverde and New Braunfels.

Landsea Homes Launches New Homes For Sale In Texas

NEWPORT BEACH, Calif., Sept. 21, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, today introduced new, included 'Healthy Lifestyle' features to its innovative High Performance Homes program.

Landsea Homes Introduces Industry Leading 'Healthy Lifestyle' Features To Its High Performance Homes

NEWPORT BEACH, Calif., Sept. 16, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 489 homesites in the Monarch Hills master-planned community in Fontana, California.

Landsea Homes Closes On 489 Homesites In Fontana's Monarch Hills

Landsea Homes (LSEA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Landsea Homes (LSEA) Stock Stands Out in a Strong Industry

ORMOND BEACH, Fla., Sept. 7, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 20 additional homesites at Bulow Creek Preserve at Halifax Plantation in Ormond Beach, Florida.

Landsea Homes Closes On Additional Homesites At Bulow Creek Preserve

NEWPORT BEACH, Calif., Aug. 24, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Dave Felix has been named Vice President of Corporate Purchasing and National Contracts.

News for Landsea Homes Stock (LSEA)