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.

Los Angeles, California--(Newsfile Corp. - July 4, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Landsea Homes Corporation ("Landsea" or "the Company") (NASDAQ: LSEA) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.If you are a shareholder who suffered a loss, click here to...

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Landsea Homes Corporation with Losses to Contact the Firm

Landsea Homes Corporation (LSEA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Landsea Homes Corporation (LSEA) Moves 7% Higher: Will This Strength Last?

New High Performance, Single-Family Homes Coming to Kissimmee KISSIMMEE, Fla. , June 21, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it closed on 103 homesites in Kissimmee, Florida in the Storey Creek master-planned community.

LANDSEA HOMES CLOSES ON 103 HOMESITES IN FLORIDA'S STOREY CREEK MASTER-PLANNED COMMUNITY

Meritage Homes

Falling lumber prices are benefiting homebuilders and those with exposure to the very strong entry-level segment look particularly good.

Lumber Price Crash Good for Homebuilding Stocks

The company focuses on entry-level homes for millennial home buyers and it completed two acquisitions since its listing in January 2021. Its revenues almost doubled in Q1 2022 and the pro forma net income came in at $26.3 million.

Landsea Homes Seems To Be In The Right Place In A Booming Market

Landsea Homes Corporation (LSEA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Landsea Homes Corporation (LSEA) Rating Upgrade to Strong Buy

NEWPORT BEACH, Calif., June 01, 2022 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, announced today that it has entered into an agreement to repurchase approximately $30 million in shares of its common stock owned by Landsea Holdings Corporation (“LHC”), the Company's controlling stockholder, at a repurchase price of $6.82 per share, an approximate 5% discount to the closing price of the Company's common stock on May 31, 2022, the day before the repurchase agreement was signed. The repurchase represents a 15.9% discount to the 30-day volume-weighted average price of $8.11.

Landsea Homes Agrees to Repurchase $30 Million in Common Stock from Its Controlling Stockholder

New community of high-quality, single-family homes in Seminole County will be called Kentucky Square SANFORD, Fla. , May 25, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that it closed on 149 homesites in Sanford, Florida for a new community called Kentucky Square.

LANDSEA HOMES CLOSES ON 149 HOMESITES FOR NEW COMMUNITY IN SANFORD, FLORIDA

Chesapeake Energy

HighPeak Energy Inc

It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Chesapeake (CHK), HighPeak (HPK) and Landsea Homes (LSEA) are well poised to gain.

Bet on These 3 Low-Beta Stocks to Combat a Choppy Market

Landsea Homes Corporation (LSEA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Landsea Homes Corporation (LSEA) Moves to Strong Buy: Rationale Behind the Upgrade

Landsea Homes Corp (NASDAQ:LSEA ) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Drew Mackintosh - Mackintosh IR John Ho - CEO Michael Forsum - President and COO Chris Porter - CFO Conference Call Participants Matthew Bouley - Barclays Alex Rygiel - B. Riley Alex Barron - Housing Research Center Operator Greetings and welcome to the Landsea Homes First Quarter 2022 Earnings Call.

Landsea Homes Corp (LSEA) CEO John Ho on Q1 2022 Earnings Call Transcript

Landsea Homes Corporation (LSEA) delivered earnings and revenue surprises of 195.83% and 31.04%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Landsea Homes Corporation (LSEA) Tops Q1 Earnings and Revenue Estimates

Landsea Homes Reports First Quarter 2022 Results

NEWPORT BEACH, Calif., April 25, 2022 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the first quarter of 2022 after the market closes on Tuesday, May 3, 2022. The company will host a conference call on the same day at 2:00 PM Pacific time (5:00 PM Eastern time) to discuss its financial results and conduct a question-and-answer session.

Landsea Homes Schedules First Quarter 2022 Earnings Release and Conference Call

Here is how Landsea Homes Corporation (LSEA) and Owens Corning (OC) have performed compared to their sector so far this year.

Has Landsea Homes Corporation (LSEA) Outpaced Other Construction Stocks This Year?

Landsea Homes Corp (LSEA) CEO John Ho on Q4 2021 Results - Earnings Call Transcript

NEWPORT BEACH, Calif., March 10, 2022 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded residential homebuilder, reported financial results for the fourth quarter and full year ended December 31, 2021.

Landsea Homes Reports Fourth Quarter and Full Year 2021 Results

HAINES CITY, Fla., March 7, 2022 /PRNewswire/ -- Hanover Family Builders, a Landsea Homes Corporation (Nasdaq: LSEA) company, announced today it has closed on 102 completed homesites and sales have begun in the new community of Hammock Reserve in Haines City, Florida.

HANOVER FAMILY BUILDERS, A LANDSEA HOMES COMPANY, CLOSES ON 102 HOMESITES AT HAMMOCK RESERVE

SunPower

SAN JOSE, Calif., March 1, 2022 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), a leading solar technology and energy services provider, and Landsea Homes Corporation (Nasdaq: LSEA), a publicly traded residential homebuilder, today announced a multi-year exclusive agreement in which SunPower will be the only provider of solar technology to Landsea Homes across the nation.

SunPower Creates Energy Efficient Neighborhoods Across the Nation with Landsea Homes

NEWPORT BEACH, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the fourth quarter and full year 2021 before the market opens on Thursday, March 10, 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 Fourth Quarter 2021 Earnings Release and Conference Call

NEWPORT BEACH, Calif., Jan. 31, 2022 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that its Board of Directors (the "Board") has approved a $10 million stock repurchase program.

LANDSEA HOMES ANNOUNCES STOCK REPURCHASE PROGRAM

The latest acquisition adds more than 4,100 homesites, comprising 18 active selling communities and $200 million in backlog, to Landsea Homes' (LSEA) portfolio.

Landsea Homes (LSEA) Buys Hanover Family Builders for $179.3M

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.

News for Landsea Homes Stock (LSEA)