Welcome to our dedicated page for Landsea Homes news (Ticker: LSEA), a resource for investors and traders seeking the latest updates and insights on Landsea Homes stock.
Landsea Homes Corp (LSEA) delivers innovative residential solutions through sustainable building practices and advanced home automation. This news hub provides investors and industry observers with essential updates on corporate developments, strategic initiatives, and market positioning in the energy-efficient homebuilding sector.
Access official press releases, earnings reports, and analysis of operational milestones. Key coverage areas include sustainability projects, community development updates, technology integrations, and regulatory compliance matters. The curated collection serves as a reliable resource for tracking LSEA's progress in major U.S. regions including Florida, Texas, and Metro New York.
Discover timely information about land acquisitions, partnership announcements, and recognition of green building achievements. Our neutral presentation of factual updates enables informed decision-making without speculative commentary. Bookmark this page for convenient access to LSEA's evolving narrative in residential construction innovation.
Landsea Homes Corporation (LSEA) reported impressive first-quarter 2022 results, with total revenue soaring 97.1% to $316.2 million and net income of $13.1 million, or $0.28 per diluted share. Home deliveries increased 83.4% to 552 homes, while net new orders rose 50% to 637 homes. The backlog reached a record 1,605 homes valued at $930.4 million, and adjusted home sales gross margin improved to 29.0%. Additionally, the company authorized a share repurchase program of up to $20 million, reinforcing its commitment to shareholder value.
Landsea Homes Corporation (Nasdaq: LSEA) will announce its Q1 2022 financial results on May 3, 2022, after market close. A conference call will follow at 2:00 PM PT (5:00 PM ET) to discuss the results. Investors can join via toll-free numbers or online through the company’s website. Landsea Homes specializes in sustainable residential homebuilding, offering innovative designs in desirable U.S. markets. The company emphasizes energy efficiency and modern living, enhancing lifestyles for homebuyers.
Landsea Homes Corporation (LSEA) reported significant growth in Q4 2021 with a net income of $38.4M or $0.83 per diluted share, and full-year net income of $52.8M or $1.14 per share. Total revenue surged 40% to $398.5M in Q4, driven by increased home sales gross margin, which expanded by 650 basis points. The company grew its backlog to 998 units, valued at $586.2M, showing a 51% growth in dollar value. The successful acquisition of Hanover Family Builders further positions Landsea in high-growth markets.
Hanover Family Builders, a Landsea Homes company (Nasdaq: LSEA), has announced the closure of 102 completed homesites at the new Hammock Reserve community in Haines City, Florida. Sales have commenced, targeting first-time homebuyers with homes priced from $314,999. Floor plans range from 1,517 to 2,737 square feet, featuring various amenities including a resort-style pool and proximity to local attractions like Walt Disney World. This development marks Landsea's expansion in the rapidly growing Polk County area.
Landsea Homes Corporation (Nasdaq: LSEA) will release its fourth quarter and full year 2021 results on March 10, 2022, before market opening. A conference call is scheduled for the same day at 7:00 AM PT to discuss the financial results and answer questions. The call can be accessed through a toll-free number or via live broadcast on their website. Landsea Homes is known for building sustainable communities across key U.S. markets, enhancing lifestyle experiences for homeowners.
Landsea Homes Corporation (Nasdaq: LSEA) has announced a $10 million stock repurchase program authorized by its Board of Directors, representing about 13% of its current public float. The buyback will occur from now until June 30, 2022, and is seen as a means to enhance shareholder value based on the company's strong balance sheet. CEO John Ho expressed confidence in the company's long-term outlook, emphasizing this as an attractive capital use for shareholders.
Landsea Homes Corporation (Nasdaq: LSEA) has completed the acquisition of Hanover Family Builders for $179.3 million, plus approximately $69.3 million in debt. This strategic move increases Landsea's lots under control to over 12,800 and enhances their presence in the Orlando housing market. Hanover closed 632 homes in 2021, with a backlog of 469 homes worth over $200 million. CEO John Ho expects this acquisition to boost earnings and exceed a 20% return on equity in 2022.
Landsea Homes Corporation (Nasdaq: LSEA) has successfully closed on 65 homesites at St. Johns Preserve, a new gated community in Palm Bay, Florida. This follows the sellout of the first phase, which consisted of 40 homes within nine months, indicating a strong demand in the area. The second phase includes single-family homes ranging from 1,804 to 3,035 square feet, featuring various floor plans. Community amenities include a pool and playgrounds, with easy access to major highways and local attractions, further enhancing the appeal of this new development.
Landsea Homes Corporation (NASDAQ: LSEA) announced the acquisition of land for 200 homesites at Country Club Estates in Palm Bay, Florida. This expansion marks the fifth phase of the luxury gated community, consisting of 154 detached single-family homes and 46 duplex units. The homes will range from 1,800 to 3,100 square feet, featuring smart home automation and air purification technology. With the first four phases sold out, construction for phase five is set to begin in Q4 2022. Palm Bay offers a blend of modern amenities and natural beauty, making it an attractive market for homebuyers.
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