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 Corporation (Nasdaq: LSEA) stands as a premier residential homebuilder based in Dallas, Texas, renowned for designing and constructing exceptional homes and sustainable master-planned communities across some of the nation's most desirable markets. Since its inception in 2001, Landsea Homes has dedicated itself to crafting homes of unparalleled quality, comfort, and service, emphasizing eco-friendly construction and energy conservation.
Landsea Homes operates in prominent regions such as Arizona, California, Florida, Metro New York, and Texas, with a significant portion of its revenue being derived from home sales in Florida. The company’s expertise spans the development of suburban, single-family detached and attached homes, mid-and high-rise properties, and comprehensive master-planned communities.
Recently, Landsea Homes completed a landmark acquisition of Antares Homes, a Dallas-Fort Worth based homebuilder, significantly expanding its presence in Texas. This strategic move is part of the company's broader goal to become one of the leading homebuilders in the state. Additionally, the company announced the appointment of Melissa Kelly as President of the newly formed Dallas-Fort Worth Division, underscoring its commitment to the region.
Similarly, Landsea Homes has embarked on exciting projects in Arizona with the Wildera master-planned community in San Tan Valley. The development features a variety of single-family homes designed with modern architecture, promoting active lifestyles. The community offers an array of amenities, including parks, aquatic centers, and smart home automation technology supported by Apple HomeKit™.
Grounded in sustainability and innovation, Landsea Homes’ High Performance Homes are built with advanced home automation and energy-saving technologies, ensuring healthier and more comfortable living environments. These homes feature smart technology such as Apple® HomePod mini™, thermostat control, and energy-efficient systems that reduce both costs and environmental impact.
With a veteran team boasting worldwide experience and deep local expertise, Landsea Homes continues to enhance the lives of homebuyers, employees, and stakeholders through an unwavering dedication to quality and sustainability. For more information, visit Landsea Homes.
Landsea Homes (NASDAQ: LSEA) reported strong Q4 and full-year 2024 results, achieving record revenues and deliveries. Q4 highlights include:
- Record home sales revenue of $450.6M
- 937 home closings (up 41%)
- Net new orders of 636 (up 60%)
- Operating cash flow of $47.8M
- Net income of $3.0M ($0.08 per share)
Full-year 2024 performance showed:
- Record total revenue of $1.55B
- 2,831 home deliveries
- Net income of $17.2M ($0.47 per share)
- Year-end book value per share of $18.37
The company maintains a strong balance sheet with $241.8M in total liquidity and 10,944 lots owned or controlled. Looking ahead to 2025, Landsea projects Q1 deliveries of 600-700 homes and full-year deliveries of 3,000-3,400 units.
Landsea Homes (NASDAQ: LSEA) has appointed Stewart Parker as the new President of its Dallas-Fort Worth Division. Parker brings over three decades of homebuilding leadership experience, having overseen the construction of more than 50,000 homes throughout his career.
Prior to joining Landsea, Parker served as National Vice President of Homebuilding Operations at Homebound, where he achieved a ten-fold growth in homebuilding operations and launched five new major markets across three states. He also managed disaster relief projects in Colorado and Florida.
Landsea Homes entered the Texas market in 2021 and relocated its corporate headquarters to Dallas in 2023. The Dallas-Fort Worth Division was established through the acquisition of Antares Homes and currently operates in 24 communities across the Dallas-Fort Worth and Austin regions.
Landsea Homes (LSEA) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Thursday, February 27, 2025. The company will host a conference call the same day at 10:00 AM Eastern Time to discuss the results and conduct a Q&A session.
The conference call will be accessible via toll-free dial-in (800-274-8461) and international dial-in (203-518-9814). A replay will be available through toll-free (844-512-2921) and international (412-317-6671) numbers with replay ID 11158244. The call will also be broadcast live and available for replay on the company's investor relations website.
Landsea Homes (LSEA) announced that Susan E. Lattmann has rejoined its Board of Directors, following Thomas Hartfield's decision not to stand for re-election at the 2025 annual meeting. Lattmann, who previously served on the board from 2022 to 2023, brings over 30 years of executive experience and currently serves as CFO for The Row.
During her prior term, Lattmann made significant contributions to the company's strategy for margin enhancement and profit improvement through cost reductions. Her experience includes more than 23 years at Bed Bath & Beyond in various roles including CFO and CAO. Board Chairman Bruce Frank highlighted Lattmann's Fortune 500 public company CFO experience and expertise in P&L management, M&A, and navigating company growth stages.
Landsea Homes (NASDAQ: LSEA) announced new standard features for its High Performance Home program in 2025. The company introduced the Ecobee smart doorbell camera, which is compatible with Apple Home, Google, and Alexa, providing enhanced security and home monitoring capabilities. The installation will be handled by Best Buy's Geek Squad during smart home activation.
Additional standard features include WaterSense fixtures and energy-efficient windows, designed to reduce monthly utility costs and improve home comfort. These additions align with Landsea's decade-long commitment to sustainable building practices, focusing on reduced environmental impact and resource consumption.
Landsea Homes (NASDAQ: LSEA) has closed on 39 new homesites to expand its Hudson community in Placentia, Orange County, California. The new townhomes, ranging from 775 to 1,365 square feet, will be built at the intersection of Lakeview Loop and Veterans Way.
The gated community features row and back-to-back townhomes with a Dutch woonerf design concept, emphasizing pedestrian and cyclist-friendly spaces. All homes will include High Performance Home features with Apple Home™ smart automation technology, including Apple TV, wireless network, smart locks, thermostat control, and other smart home features activated by Best Buy's Geek Squad.
The development includes outdoor common areas with bench seating and BBQ grills. Located in Placentia, the community offers easy access to entertainment venues, dining options, and major highways 55, 57, and 91.
Landsea Homes has acquired 32 homesites in the Cherry Meadows master-planned community in Brighton, Colorado. The development will feature single-family homes ranging from 1,473 to 2,937 square feet with eight different floorplans. Construction is scheduled to begin in January 2025, with sales starting in Spring 2025.
The community is strategically located near Brighton Recreation Center and Park, downtown Brighton, and the historic Armory Performing Arts Center. All homes will include High Performance Home features with smart home automation technology using Apple Home™ environment, including features like Apple® HomePod mini™, wireless network, smart locks, and thermostat control.
Located 20 miles north of Denver, Brighton offers easy access to Boulder and Denver International Airport. The development expands Landsea Homes' presence in the high-demand Brighton market, where they are also selling homes at Parkway at Prairie Center Village.
Landsea Homes (Nasdaq: LSEA) announced the pricing of a public secondary offering of 6,086,957 shares of common stock by selling stockholders Landsea Holdings and Ever Fast Holdings The shares are priced at $10.25 per share, generating gross proceeds of approximately $62.4 million for the selling stockholders.
The selling stockholders have granted underwriters a 30-day option to purchase up to an additional 913,043 shares. B. Riley Securities is acting as sole bookrunning manager, with Wedbush Securities and Zions Capital Markets as co-managers. The offering is expected to close around December 9, 2024. Notably, Landsea Homes itself is not selling any shares in this offering.
Landsea Homes (LSEA) has announced a proposed secondary offering of 5,043,480 shares of common stock by selling stockholders. The underwriters will have a 30-day option to purchase up to an additional 756,520 shares. The company itself is not selling any shares in this offering.
B. Riley Securities is acting as the sole bookrunning manager, while Wedbush Securities and Zions Capital Markets are serving as co-managers. The offering will be made through a shelf registration statement on Form S-3 that has been filed and declared effective by the SEC.
Landsea Homes has signed a 14,725-square-foot long-term lease at Tower 1320 in Irving, Texas, for its Dallas-Fort Worth division headquarters. The space, expected to be ready in Spring 2025, will include a 3,000-square-foot in-house design studio and showroom. The location offers numerous amenities including a fitness room, café with Starbucks, game room, and conference facility. The building is strategically positioned near Las Colinas' 28-acre development with restaurant and retail space, and is accessible via highways and DART. The new headquarters will serve the growing division while providing convenient access to the company's communities and important employment bases.
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