Landsea Homes Earnings Reports

Landsea Homes reported a strong Q4 2024 with a 22% increase in total revenue, driven by a 41% increase in new home deliveries. Net new home orders also saw a significant 60% increase. However, net income attributable to Landsea Homes decreased by 76% to $3.0 million.

Landsea Homes reported a strong third quarter in 2024, marked by a 29% increase in net income to $11.1 million and a 26.2% increase in home sales revenue to $325.6 million. New home deliveries rose by 40% to 629 homes, and net new home orders increased by 28.8% to 626 homes. The company's adjusted net income also saw a significant increase of 36% to $15.9 million.

Landsea Homes reported a strong second quarter in 2024, with a significant increase in home sales revenue and net new home orders. The company's strategic efforts to expand and achieve economies of scale have contributed to substantial growth in sales and closings.

Landsea Homes reported a 22% year-over-year increase in total revenue to $294.0 million for the first quarter of 2024. Net new home orders increased by 23% to 612 homes. The company's net income was $0.2 million, or $0.01 per share, and adjusted EBITDA was $17.0 million.

Landsea Homes reported a strong fourth quarter with a significant increase in net new orders and healthy profits. Net income for the quarter was $12.5 million, or $0.33 per diluted share, with a 352% increase in orders compared to the previous year. The company also grew its year-end book value per share to $17.88, representing an 11% increase over year-end 2022.

Landsea Homes reported a net income of $8.6 million, or $0.22 per diluted share, on total revenue of $277.3 million for the third quarter of 2023. Net new home orders increased by 89% year-over-year. The company repurchased 1,392,000 shares of common stock for $13.7 million during the quarter.

Landsea Homes reported a net income of $4.9 million, or $0.12 per diluted share, driven by new home deliveries exceeding guidance. The company's focus remains on scaling operations in high-growth markets, supported by a recent $250.0 million private placement notes offering.

Landsea Homes reported a decrease in revenue and net income for the first quarter of 2023 compared to the prior year. However, the company saw improvements in traffic, sales, and cancellation rates compared to the fourth quarter of 2022. They recorded net income of $3.2 million, or $0.08 per diluted share, on home sales revenue of $240.6 million.

Landsea Homes reported a 6.9% increase in total revenue to $426.0 million, driven by the Florida division and New York operations. Net income was $25.6 million, or $0.62 per diluted share. Total homes delivered increased 32% to 703 homes, with an average sales price of $594,000.

Landsea Homes reported a strong third quarter, with a 56% increase in home sales revenue to $326 million and a 130% increase in earnings per share to $0.49. The company's home sales gross margin expanded by 480 basis points to 20.9%. While new home sales activity slowed due to higher interest rates and buyer psychology, Landsea Homes remains optimistic about the long-term outlook due to scarce existing home inventory and favorable market positioning.

Landsea Homes reported a strong second quarter with a 46.4% increase in home sales revenue to $351 million and net income of $14.9 million, or $0.34 per diluted share. The company also saw a 35% increase in total homes delivered and a 31.2% increase in backlog.

Landsea Homes reported strong financial results for Q4 2021, with home sales revenue increasing by 17% to $333.1 million and net income attributable to Landsea Homes increasing by 260% to $38.4 million. The company's EPS was $0.83 for the quarter. The company exceeded $1 billion in revenue for the year.

Landsea Homes reported a slight decrease in total revenue but a significant increase in net income. The company faced supply chain issues that impacted deliveries, but strong demand and price appreciation contributed to improved gross margins. They also increased total lots owned and controlled.

Landsea Homes reported a strong second quarter in 2021, with total revenue increasing by 163% to $250.3 million and total home sales increasing by 152% to $239.6 million. Net income attributable to Landsea Homes increased to $10.7 million, or $0.23 per diluted share. The company's backlog expanded to the largest level in its history with 1,197 homes.

Landsea Homes reported an 18% increase in total revenue to $160.4 million and an 11% increase in total homes delivered to 301 homes for the first quarter of 2021. The company's backlog grew 39% to 875 homes, and they are raising their full-year outlook, expecting revenue between $925 to $980 million.