Landsea Homes Corporation ( (LSEA) ) has released its Q4 earnings. Here is a breakdown of the information Landsea Homes Corporation presented to its investors.
Landsea Homes Corporation is a publicly traded residential homebuilder based in Dallas, Texas, known for designing and building sustainable master-planned communities across the United States, with a focus on high-performance homes that incorporate the latest home automation technology.
In its latest earnings report, Landsea Homes Corporation announced record revenues for both the fourth quarter and the full year 2024, with significant increases in home sales and new home orders. The company reported a fourth-quarter revenue of $450.6 million and a full-year revenue of $1.55 billion, marking a substantial growth driven by strategic acquisitions and increased deliveries.
Key financial highlights include a 41% increase in home closings during the fourth quarter, resulting in a net income of $3.0 million for the quarter and $17.2 million for the full year. The company also achieved a 60% increase in net new home orders in the fourth quarter, reflecting strong demand across its markets. Despite a decrease in home sales gross margins due to elevated mortgage rates, the company generated $47.8 million in cash from operations during the quarter.
Looking ahead, Landsea Homes remains optimistic about its growth prospects, with plans to deliver between 3,000 to 3,400 new homes in 2025. The company continues to focus on its unique product portfolio and strategic community locations, positioning itself strongly for the upcoming spring selling season.
Overall, Landsea Homes Corporation’s strategic initiatives and market positioning suggest a positive outlook for continued growth and expansion in the residential homebuilding sector.
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