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Landsea Homes (LSEA)
NASDAQ:LSEA
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -14.22%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong year in terms of revenue and delivery records, expansion into new markets, and strategic financial maneuvers. However, profitability was pressured by high mortgage rates, increased incentives, and margin challenges. The company is optimistic about future opportunities but faces ongoing challenges related to market conditions.Company Guidance
In the fourth quarter of 2024, Landsea Homes Corporation reported significant financial and operational metrics, achieving record home sales revenue of $1.5 billion and new home deliveries totaling 2,831 units. This marked a 22% year-over-year increase in revenue and a 41% growth in new home deliveries. The company generated $47.8 million in cash flow from operations during the quarter. Net new orders increased by 60% year-over-year, reaching 636. However, the profitability was impacted by high mortgage rates and increased incentives, with gross margins recorded at 12.5% for the quarter and 14.7% for the full year. The company's SG&A as a percentage of homebuilding revenue improved by 40 basis points year-over-year to 12.5%. For the upcoming first quarter of 2025, Landsea Homes anticipates delivering between 600 and 700 new homes, with expected gross margins of 13% to 14%. The company also aims to reduce its land ownership to 25% and increase controlled lots to 75% by 2026, reflecting a strategic shift towards a more land-light approach.Record Home Sales Revenue and New Home Deliveries
In 2024, Landsea Homes Corporation generated home sales revenue of $1.5 billion and new home deliveries of 2,831, both records for the company.
Strong Year-Over-Year Growth in Q4
The company achieved a 22% year-over-year top-line growth in Q4, driven by a 41% increase in new home delivery growth.
Significant Increase in Net New Orders
Net new orders in Q4 were 636, representing a 60% increase over Q4 2023.
Expansion and Strategic Acquisitions
Expanded presence in Texas by acquiring Antares Homes and opened new communities in existing markets.
Improved SG&A Leverage
SG&A as a percentage of homebuilding revenue improved by 40 basis points year-over-year in Q4.
Successful Secondary Offering
Executed a secondary offering to diversify shareholder base and reduced Landsea Green's stake from 54% to 17%.
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LSEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LSEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $8.30 | $6.57 | -20.84% |
| Nov 04, 2024 | $10.34 | $11.74 | +13.54% |
| Aug 01, 2024 | $12.18 | $12.59 | +3.37% |
| May 01, 2024 | $11.55 | $10.15 | -12.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Landsea Homes (LSEA) report earnings?
Landsea Homes (LSEA) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Landsea Homes (LSEA) earnings time?
Landsea Homes (LSEA) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LSEA EPS forecast?
LSEA EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
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