New office space in Irving will accommodate growing number of division employees Conveniently located near company's communities and important employment bases Space is currently under construction with move-in expected in Spring 2025DALLAS, Nov. 18, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, has signed a 14,725-square-foot long-term lease at Tower 1320 in Irving, Texas, which will serve as the company's Dall ...

DALLAS, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (NASDAQ: LSEA) today announced that the company will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2024 at The Statler in Dallas, TX. Company’s presentation is scheduled to begin at 11:30 AM local time (12:30 ET). The presentation will be webcast and can be accessed through the conference host’s main website: https://www.threepartadvisors.com/southwest and in the investor relations section of the company's web ...

财务表现 - 2024年前三季度公司营收为10.64亿美元，同比增长31%[90] - 2024年前三季度公司净利润为1,536万美元，同比下降21%[90] - 第三季度调整后EBITDA为3767.7万美元，同比增长31.4%[188] - 前三季度调整后EBITDA为9.75亿美元，同比增长35.5%[189] - 第三季度调整后净利润为1589.3万美元，同比增长36.0%[191] - 前三季度调整后净利润为3.12亿美元，与去年同期持平[192] 业务拓展 - 公司通过收购Antares和Richfield进一步扩大在德克萨斯州和科罗拉多州的业务[94][95] - 公司在亚利桑那州、佛罗里达州和德克萨斯州的业务表现较好，净订单量和销售额均有大幅增长[109][110] - 公司在科罗拉多州的新业务运营自2023年10月开始，在三个和九个月的期间内分别交付了40和81套房屋[123] - 公司在德克萨斯州的业务在2024年4月收购Antares后有所增加，预计未来交付量将继续上升[126] - 得益于收购Antares公司,德克萨斯州的房地产资产较上年同期大幅增加110%[138] 市场环境挑战 - 公司应对高利率环境下的市场需求挑战,采取提供固定利率优惠等措施[97] - 加利福尼亚州的业务受到房地产市场环境变化的影响，净订单量和销售额均有所下降[111] - 公司面临利率上升和通胀压力带来的市场需求和定价风险[195,196] 财务管理 - 公司的债务资本比率从2023年12月31日的44.1%上升至2024年9月30日的51.8%，主要是由于收购Antares公司[105] - 公司的净债务资本比率从2023年12月31日的30.4%上升至2024年9月30日的49.2%[105] - 公司发行3亿美元优先票据,并修改了循环信贷融资[155][156] - 公司计划利用债务作为其持续财务策略的一部分，并将利用经营活动产生的现金流重新部署来为其业务提供资金[159] - 公司总债务净额为6.96亿美元，总资本为14.13亿美元，净债务率为49.2%[184] 其他 - 公司推出自有金融服务Landsea Elements，包括抵押贷款、房地产中介和保险等服务[98][99] - 公司原控股股东Landsea Holdings的持股比例下降至25%以下[100] - 公司管理层通过非GAAP财务指标如调整后毛利率、EBITDA等来评估公司的经营情况[102][103] - 公司通过出售部分样板房并立即回租的方式获得了6,490万美元的收入和成本[104] - 公司持续进行房地产存货减值和购买会计调整[188,189,190,191,192] - 公司发生5.18亿美元的债务修改损失[189,192] - 公司放弃了部分项目，产生190.2万美元的成本[188,189]

财务数据和关键指标变化 - 公司在2024年第三季度报告净收入为1110万美元，同比增长29% 每股收益为0.30美元，同比增长36% [6] - 房屋销售收入同比增长26%，达到3.256亿美元，交付量增长40%至629套 [36] - 公司毛利率为17.1%，超出预期，调整后的毛利率为22.8% [37] 各条业务线数据和关键指标变化 - 公司在德克萨斯州的交付量占总交付量的20%，销售收入占16% [36] - 亚利桑那州的交付量占31%，销售收入占26% [36] - 公司在第三季度结束时拥有83个销售社区，同比增长40% [26] 各个市场数据和关键指标变化 - 佛罗里达州的市场表现良好，尽管面临风暴和现有房屋库存增加，买家兴趣未减 [21] - 德克萨斯州在奥斯汀和达拉斯-沃斯堡市场的存在进一步增强，正在销售的社区数量增加 [24] - 公司在科罗拉多州、亚利桑那州和加利福尼亚州的运营表现良好，显示出地理多样化的积极效应 [25] 公司战略和发展方向和行业竞争 - 公司计划在现有市场中继续扩展，利用收购快速建立市场存在 [9] - 公司强调高性能住宅的差异化竞争优势，提供最新的家居自动化和能源效率 [12] - 公司在面对竞争时，依靠高效的运营和优质的产品来提升市场份额 [66] 管理层对经营环境和未来前景的评论 - 管理层对未来的商业前景持乐观态度，认为经济将实现软着陆，通胀下降 [14] - 公司计划在2025年第一季度之前将债务资本比率降低到中40%范围内，以增强财务实力 [17] - 管理层指出，尽管面临高抵押贷款利率和相关激励措施，市场条件仍然普遍有利 [34] 其他重要信息 - 公司在第三季度的销售和毛利率预期受到市场条件波动的影响，预计第四季度的毛利率将低于之前的指引 [51] - 公司在第三季度的SG&A费用占销售收入的13.9%，较去年改善 [40] 问答环节所有提问和回答 问题: 关于快速入住和定制建造的比例 - 公司表示，正在经历轻微的转变，买家对定制建造的需求增加，目前大约20%到30%的订单为定制建造 [48] 问题: 关于第四季度毛利率的指引 - 管理层承认，第四季度的毛利率可能会受到激励措施增加的影响，竞争环境也更加激烈 [54] 问题: 关于市场份额的增长策略 - 公司通过收购和有机增长在各个市场中扩大市场份额，特别是在亚利桑那州和德克萨斯州 [63] 问题: 关于10月的订单和定价趋势 - 公司在10月的销售表现良好，吸收率有所上升，显示出强劲的秋季销售季节 [87]

Landsea Homes (LSEA) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 193.33%. A quarter ago, it was expected that this residential homebuilder would post earnings of $0.32 per share when it actually produced earnings of $0.36, delivering a surprise of 12.50%.Over the last four quarter ...

Net income increased 29% to $11.1 million or $0.30 per share, a 36% increaseAdjusted net income increased 36% to $15.9 million or $0.44 per share, a 47% increaseHome sales revenue increased 26.2% to $325.6 millionNew home deliveries increased 40% to 629 homesNet new home orders of 626 increased 28.8%Home sales gross margin of 17.1%, adjusted home sales gross margin of 22.8%Book value per share of $18.27 DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or th ...

Exhibit 99.1 Landsea Homes Reports Third Quarter 2024 Results • Net income increased 29% to $11.1 million or $0.30 per share, a 36% increase • Adjusted net income increased 36% to $15.9 million or $0.44 per share, a 47% increase • Home sales revenue increased 26.2% to $325.6 million • New home deliveries increased 40% to 629 homes • Net new home orders of 626 increased 28.8% • Home sales gross margin of 17.1%, adjusted home sales gross margin of 22.8% • Book value per share of $18.27 Dallas, Texas – Novembe ...

DALLAS, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) announced today that the company will release its results for the third quarter of 2024 before the market opens on Monday, November 4, 2024. The company will host a conference call on the same day at 10:00 AM Eastern Time to discuss its financial results and conduct a question-and-answer session. Conference Call Details: Date: Monday, November 4, 2024 Time: 10:00 AM Eastern Time Toll-free dial-in number: 800-274-8461 Internat ...

Brach Ranch in St. Cloud and Trinity Gardens in DeLand will feature single-family detached High Performance Homes ORLANDO, Fla., Sept. 18, 2024 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, today announced it has closed on a total of 124 homesites for two new communities in Central Florida. The first phase of Brack Ranch in St. Cloud includes 14 single-family detached homes on 50-foot lots ranging from 1,900 to 3,200 s ...

When it comes to the publicly traded home builders that are out there, one of the smallest players with a market capitalization of only $477 million, is Landsea Homes Corporation (NASDAQ: LSEA ). Even though the business Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow analys ...