Welcome to our dedicated page for Landsea Homes Corporation news (Ticker: LSEA), a resource for investors and traders seeking the latest updates and insights on Landsea Homes Corporation 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.
SunPower Corp. (NASDAQ:SPWR) reported $350 million in GAAP revenue for Q1 2022, with a record $336 million in non-GAAP residential revenue, marking a 41% year-over-year growth. The company added 16,500 customers, a 40% increase, and entered Q2 with a record backlog of 13,800, up 169% year-over-year. SunPower is in late-stage talks with First Solar to develop an advanced residential solar panel and has launched a Dealer Accelerator Program to expand its dealer network. Despite a net loss of $2 million, the company is poised for continued growth in 2022, supported by strong customer demand and strategic investments.
Landsea Homes Corporation (LSEA) reported impressive first-quarter 2022 results, with total revenue soaring 97.1% to $316.2 million and net income of $13.1 million, or $0.28 per diluted share. Home deliveries increased 83.4% to 552 homes, while net new orders rose 50% to 637 homes. The backlog reached a record 1,605 homes valued at $930.4 million, and adjusted home sales gross margin improved to 29.0%. Additionally, the company authorized a share repurchase program of up to $20 million, reinforcing its commitment to shareholder value.
Landsea Homes Corporation (Nasdaq: LSEA) will announce its Q1 2022 financial results on May 3, 2022, after market close. A conference call will follow at 2:00 PM PT (5:00 PM ET) to discuss the results. Investors can join via toll-free numbers or online through the company’s website. Landsea Homes specializes in sustainable residential homebuilding, offering innovative designs in desirable U.S. markets. The company emphasizes energy efficiency and modern living, enhancing lifestyles for homebuyers.
Landsea Homes Corporation (LSEA) reported significant growth in Q4 2021 with a net income of $38.4M or $0.83 per diluted share, and full-year net income of $52.8M or $1.14 per share. Total revenue surged 40% to $398.5M in Q4, driven by increased home sales gross margin, which expanded by 650 basis points. The company grew its backlog to 998 units, valued at $586.2M, showing a 51% growth in dollar value. The successful acquisition of Hanover Family Builders further positions Landsea in high-growth markets.
Hanover Family Builders, a Landsea Homes company (Nasdaq: LSEA), has announced the closure of 102 completed homesites at the new Hammock Reserve community in Haines City, Florida. Sales have commenced, targeting first-time homebuyers with homes priced from $314,999. Floor plans range from 1,517 to 2,737 square feet, featuring various amenities including a resort-style pool and proximity to local attractions like Walt Disney World. This development marks Landsea's expansion in the rapidly growing Polk County area.
Landsea Homes Corporation (Nasdaq: LSEA) will release its fourth quarter and full year 2021 results on March 10, 2022, before market opening. A conference call is scheduled for the same day at 7:00 AM PT to discuss the financial results and answer questions. The call can be accessed through a toll-free number or via live broadcast on their website. Landsea Homes is known for building sustainable communities across key U.S. markets, enhancing lifestyle experiences for homeowners.
Landsea Homes Corporation (Nasdaq: LSEA) has announced a $10 million stock repurchase program authorized by its Board of Directors, representing about 13% of its current public float. The buyback will occur from now until June 30, 2022, and is seen as a means to enhance shareholder value based on the company's strong balance sheet. CEO John Ho expressed confidence in the company's long-term outlook, emphasizing this as an attractive capital use for shareholders.
Landsea Homes Corporation (Nasdaq: LSEA) has completed the acquisition of Hanover Family Builders for $179.3 million, plus approximately $69.3 million in debt. This strategic move increases Landsea's lots under control to over 12,800 and enhances their presence in the Orlando housing market. Hanover closed 632 homes in 2021, with a backlog of 469 homes worth over $200 million. CEO John Ho expects this acquisition to boost earnings and exceed a 20% return on equity in 2022.
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