Landsea Homes (LSEA) - 2024 Q1 - Quarterly Results
LSEALandsea Homes (LSEA)2024-05-01 09:51

Exhibit 99.1 Landsea Homes Reports First Quarter 2024 Results First Quarter 2024 Highlights • First quarter net new home orders of 612, a 23% year-over-year increase • Total revenue of 294.0million,drivenby505homeclosingsatanaveragepriceof294.0 million, driven by 505 home closings at an average price of 579,000 • Adjusted EBITDA of 17.0millionBookvaluepershareof17.0 million • Book value per share of 17.92 • Repurchased approximately 534,000 shares of common stock for $6.4 million Dallas, Texas – May 1, 2024 – Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), ...