Landsea Homes Reports First Quarter 2024 Results
Landsea Homes Corporation (LSEA)
Company Research
Source: GlobeNewswire
First Quarter 2024 Highlights First quarter net new home orders of 612, a 23% year-over-year increaseTotal revenue of $294.0 million, driven by 505 home closings at an average price of $579,000Adjusted EBITDA of $17.0 millionBook value per share of $17.92Repurchased approximately 534,000 shares of common stock for $6.4 million DALLAS, May 01, 2024 (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, 2024. For the quarter, the Company reported pretax income of $0.7 million, and net income of $0.2 million, or $0.01 per share. Excluding one-time transaction costs of $1.7 million, net income was $1.9 million or $0.05 per share. Reported pretax income for the prior year period was $5.7 million with net income of $3.2 million, or $0.08 per share. Adjusted net income (a non-GAAP measure) was $2.0 million or $0.06 per share and adjusted gr
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LSEA
News
- The one-year decline in earnings for Landsea Homes NASDAQ:LSEA) isn't encouraging, but shareholders are still up 65% over that period [Yahoo! Finance]Yahoo! Finance
- Landsea Homes Co. (NASDAQ: LSEA) had its price target lowered by analysts at Barclays PLC from $14.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
- Landsea Homes Corporation (NASDAQ:LSEA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Westwood Insurance Agency LLC Announces Strategic Collaboration With Landsea Homes [Yahoo! Finance]Yahoo! Finance
- Landsea Homes Co. (NASDAQ: LSEA) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $16.00 price target on the stock.MarketBeat
LSEA
Earnings
- 5/1/24 - Miss
LSEA
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form SC
- 5/15/24 - Form 4
- LSEA's page on the SEC website