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

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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.

Company Closes and Breaks Ground on Solvida in Estrella, Which Will Offer 65 New High Performance Homes at Attainable Price Points Construction Has Also Begun on 616 New Homes at Citrus Park GOODYEAR, Ariz. , Feb. 8, 2023 /PRNewswire/ -- Landsea Homes (Nasdaq: LSEA), a publicly traded residential homebuilder, announced today it has closed on 65 homesites and construction will begin immediately on a new neighborhood called Solvida in the Estrella master planned community in Goodyear, Arizona.

LANDSEA HOMES CLOSES ON 65 HOMESITES AND BREAKS GROUND ON 681 NEW HOMES IN GOODYEAR, ARIZONA

NEWPORT BEACH, Calif., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the fourth quarter and full year 2022 before the market opens on Tuesday, March 7, 2023. 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 Fourth Quarter 2022 Earnings Release and Conference Call

Longtime Texas Homebuilding Executive to Oversee Region NEWPORT BEACH, Calif. , Jan. 23, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Vince Ruffino has been named the new President for the Texas Division of the company.

LANDSEA HOMES NAMES VINCE RUFFINO NEW DIVISION PRESIDENT IN TEXAS

Longtime Florida Homebuilding Executive to Oversee Land Development Operations and Strategy for Division NEWPORT BEACH, Calif. , Jan. 19, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Dan Kaiser has been named Vice President of Land for the company's Florida division.

LANDSEA HOMES NAMES NEW VICE PRESIDENT OF LAND IN FLORIDA

Longtime Arizona Homebuilding Executive to Oversee Region NEWPORT BEACH, Calif. , Jan. 17, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Heather Cammiso has been named the new President for the Arizona Division of the company.

LANDSEA HOMES NAMES HEATHER CAMMISO NEW DIVISION PRESIDENT IN ARIZONA

New High Performance, Single-Family Homes Coming Soon to Apopka, Florida APOPKA, Fla. , Jan. 11, 2023 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it closed on 113 homesites for a new community in Apopka, Florida in Northwest Orange County.

LANDSEA HOMES CLOSES ON 113 HOMESITES FOR A NEW COMMUNITY IN ORANGE COUNTY, FLORIDA

Landsea Homes' acquisition in 2021 pays off with home sales revenue increases, higher net income, and increasing gross margins. The company delivered a record 543 homes with a backlog of 1,285 at the end of the third quarter.

Landsea Homes: New Player Taking Up Space In The Homebuilding Industry

Landsea Homes Corporation (NASDAQ:LSEA ) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Drew Mackintosh - Mackintosh IR John Ho - CEO Mike Forsum - President and COO Chris Porter - CFO Conference Call Participants Elizabeth Langan - Barclays Alex Rygiel - B. Riley Carl Reichardt - BTIG Alex Barron - Housing Research Center, LLC Operator Welcome to the Landsea Homes Corporation Third Quarter 2022 Earnings Call.

Landsea Homes Corporation (LSEA) Q3 2022 Earnings Call Transcript

Landsea Homes Corporation (LSEA) delivered earnings and revenue surprises of 38% and 0.92%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Landsea Homes Corporation (LSEA) Tops Q3 Earnings Estimates

Landsea Homes Reports Third Quarter 2022 Results

Landsea Homes Corporation (LSEA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Landsea Homes Corporation (LSEA) Reports Next Week: Wall Street Expects Earnings Growth

NEWPORT BEACH Calif., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the third quarter of 2022 before the market opens on Thursday, November 3, 2022. 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 2022 Earnings Release and Conference Call

Fewer than five premier luxury residences remain for sale at the distinctive new development Prime location in the heart of New York City, uniting Downtown Manhattan's most spirited neighborhoods NEW YORK , Oct. 3, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA), a publicly traded residential homebuilder, along with DNA Development, a privately held, vertically integrated real estate investment and development company based in New York City, announced today that FÖRENA, a Scandinavian-inspired residential building located at the northeast corner of Sixth Avenue and 14th Street in Downtown Manhattan, is 90 percent sold with fewer than five homes left for sale. "FÖRENA is a community unlike any other we have developed across the country, and we are not surprised that it is nearly sold out just over one year after opening for sale," said Mike Forsum, President and Chief Operating Officer, Landsea Homes.

LANDSEA HOMES' FÖRENA, IN HEART OF NEW YORK CITY, IS 90 PERCENT SOLD

NEWPORT BEACH, Calif. , Sept. 7, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that two new division Vice Presidents of Sales and Marketing have been named.

LANDSEA HOMES NAMES TWO NEW DIVISION VICE PRESIDENTS OF SALES AND MARKETING IN FLORIDA AND NORTHERN CALIFORNIA

Wildera will consist of 461 new homes with varying design and product types Attainably priced housing with first-time and move-up buyers in mind Landsea Homes' renowned High Performance Homes coming soon to Pinal County PINAL COUNTY, Ariz. , Sept. 6, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on approximately 136 acres of land made up of 461 homesites for a new community called Wildera in Pinal County, Arizona.

LANDSEA HOMES CLOSES ON 136 ACRES OF LAND FOR A NEW MASTER PLANNED COMMUNITY CALLED WILDERA IN PINAL COUNTY, ARIZONA

The Gardens at Waterstone features 62 new single-family homes on rare 40-foot wide lots The Courtyards at Waterstone features 33 new single-family homes Desirable Southeast Palm Bay location offers quick, easy access to major transportation corridors PALM BAY, Fla. , Aug. 31, 2022 /PRNewswire/ -- Landsea Homes Corporation (NASDAQ: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it has closed on 95 additional homesites in the exclusive Waterstone master planned community in Palm Bay, Florida.

LANDSEA HOMES CLOSES ON 95 ADDITIONAL HOMESITES IN CENTRAL FLORIDA'S WATERSTONE MASTER PLANNED COMMUNITY

Landsea Homes Corporation (NASDAQ:LSEA ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Drew Mackintosh - Corporate Investor Relations John Ho - Chief Executive Officer Mike Forsum - President & Chief Operating Officer Chris Porter - Chief Financial Officer Conference Call Participants Min Cho - B. Riley Securities Carl Reichardt - BTIG Operator Good morning and welcome The Landsea Homes Second Quarter Earnings Call.

Landsea Homes Corporation (LSEA) CEO John Ho on Q2 2022 Earnings Call Transcript

Landsea Homes Reports Second Quarter 2022 Results

First Landsea Homes development on East Coast completely sold out   Enclave of 183 high-quality, LEED certified homes with waterfront views and amenities WEEHAWKEN, N.J. , July 27, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that its' luxury waterfront community, Avora, Landsea Homes' first residential community on the East Coast, has officially closed its last home.

LUXURY WATERFRONT COMMUNITY AVORA BY LANDSEA HOMES SELLS OUT

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NEWPORT BEACH, Calif. , July 11, 2022 /PRNewswire/ -- Landsea Homes Corporation (NASDAQ: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that longtime and seasoned real estate executive Jeff Wochner has been named the new Central Florida Division President for the company.

VETERAN REAL ESTATE EXECUTIVE JEFF WOCHNER NAMED LANDSEA HOMES' CENTRAL FLORIDA DIVISION PRESIDENT

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NEWPORT BEACH, Calif., July 07, 2022 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the second quarter of 2022 before the market opens on Thursday, August 4, 2022. 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 Second Quarter 2022 Earnings Release and Conference Call

New features launched in 24 active communities and all future planned communities Program supported by partnership with Apple® Buyers can visit model homes to experience the home automation features Homes constructed with environmentally conscious materials reducing energy waste ORLANDO, Fla. , July 7, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, has officially launched its High Performance Home Program across Florida.

LANDSEA HOMES LAUNCHES 'HIGH PERFORMANCE HOME' PROGRAM IN FLORIDA

Homebuyers now have access to a seamless and full-service home financing experience with Landsea Mortgage NEWPORT BEACH, Calif. , July 6, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today the launch of Landsea Mortgage powered by NFM Lending, an award-winning, multi-state residential mortgage lender.

News for Landsea Homes Stock (LSEA)