Investors in Landsea Homes Corporation (LSEA) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 20, 2025 $75.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It c ...

Dollar-for-Dollar Donation-Matching in Partnership with HomeAid Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas guided by integrity and excellence that designs and builds best-in-class, sustainable, High Performance Homes and master-planned communities in some of the nation's most desirable markets. The company has developed in New York, Boston, New Jersey, Arizona, Colorado, Florida, Texas and throughout California in Silicon Valley, Los Angeles, ...

- Parker named President of Austin and Dallas-Fort Worth Divisions - Veteran Local Homebuilding Executives Dickinson, Jeffcoat Added to Team DALLAS, April 14, 2025 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Stewart Parker has been named President of the company's Austin and Dallas-Fort Worth divisions. Additionally, the company named Brandon Dickinson as Vice President of Operations, Texas Regio ...

Core Viewpoint - Landsea Homes Corporation is expanding its operations by closing on 78 homesites in the Moonlight master-planned community in Maricopa, Arizona, aiming to meet the demand for high-quality, energy-efficient homes in the area [1][2]. Company Overview - Landsea Homes Corporation is a publicly traded residential homebuilder based in Dallas, Texas, focused on designing and building sustainable, High Performance Homes and master-planned communities across desirable markets in the U.S. [8][9]. - The company has been recognized for its excellence, winning the Builder of the Year award in 2022 and 2023 [9]. Project Details - The Moonlight community will feature a total of 1,500 homes at full buildout, with Landsea Homes offering 78 one- and two-story homes ranging from 1,332 to 2,624 square feet [2][4]. - Sales for these homes are expected to launch in the summer, with pricing to be announced later [2]. Home Features - Homes in the Moonlight community will include High Performance Home features such as smart home automation technology integrated with the Apple Home™ environment, enhancing energy efficiency and comfort [3][12]. - Specific smart home features include Apple® HomePod mini™, wireless internet, smart door locks, thermostat control, and ecobee smart video doorbell [3]. Community Amenities - The Moonlight community will provide residents with amenities such as a pool, recreational parks, and access to the Ak-Chin Southern Dunes Golf Club, along with scenic hiking and biking trails [4][5]. - Residents will be part of the Maricopa Unified School District, which includes 11 schools serving grades Pre-K through 12 [4]. Location Benefits - Maricopa offers a small-town feel with a strong sense of community, local events, and easy access to Phoenix, providing ample job opportunities and entertainment options [6][7]. - The community has convenient access to Phoenix Sky Harbor International Airport via I-10 and State Route 347 [6].

DALLAS, March 05, 2025 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”) today confirmed that its Board of Directors has received notice from Mill Road Capital III, L.P. (“Mill Road”) of its intention to nominate three director candidates to stand for election to the Company’s Board of Directors at Landsea Home’s 2025 Annual Meeting of Stockholders, as well as sharing Mill Road’s perspectives on certain matters. Landsea Homes engages in regular communication wit ...

Earnings Presentation February 2025 Disclaimer Forward-Looking Statements Certain statements in this presentation may constitute "forward-looking statements" within the meaning of the federal securities laws, including, but not limited to, our expectations for future financial performance, business strategies or expectations for our business, including as they relate to anticipated effects of the business combination pursuant to that Agreement and Plan of Merger (the "Merger Agreement") by and among Landsea ...

Financial Performance - Home sales revenue increased by 27% from $1,169.9 million in 2023 to $1,486.9 million in 2024, with home deliveries rising by 33% from 2,123 units to 2,831 units[243]. - Net income for 2024 was $18.5 million, a decrease from $32.7 million in the previous year, reflecting challenges in affordability and elevated mortgage interest rates[244]. - Total revenues for 2024 reached $1,550.3 million, up from $1,209.9 million in 2023, indicating strong growth in overall sales[232]. - The gross margin for home sales was $217.97 million in 2024, compared to $202.83 million in 2023, reflecting improved operational efficiency[232]. - Total home sales revenue for 2024 reached $1.49 billion, a 33% increase from $1.17 billion in 2023[268]. - Home sales gross margin decreased to 14.7% in 2024 from 17.3% in 2023, primarily due to increased sales discounts and higher land acquisition costs[269]. - Adjusted home sales gross margin, excluding interest and impairments, decreased to 20.3% in 2024 from 22.4% in 2023[270]. - Adjusted Net Income attributable to Landsea Homes Corporation for 2024 is $41,679,000, a decrease from $48,594,000 in 2023, reflecting a decline of approximately 14%[344]. - Net income attributable to Landsea Homes Corporation for 2024 is $17,231,000, down from $29,236,000 in 2023, representing a decrease of about 41%[344]. - Total adjustments for 2024 amount to $32,818,000, compared to $26,236,000 in 2023, indicating an increase of approximately 25%[344]. Market Expansion - The acquisition of Antares Acquisition, LLC for approximately $239.8 million added about 2,100 lots in Texas, enhancing market presence[234]. - The company expanded into Colorado by acquiring assets from Richfield Homes for $22.5 million, adding approximately 290 lots[235]. - The company is focused on expanding community count and maintaining an appropriate supply of lots to enhance operating returns and profitability[243]. - Average selling communities increased to 77.2 in 2024, a 31% increase from 58.8 in 2023[258]. Segment Performance - Arizona segment delivered 838 homes with a sales price of $0.4 million, generating $369.6 million in revenue, a 38% increase in dollar value compared to 2023[260]. - California segment delivered 518 homes with an average selling price (ASP) of $0.9 million, resulting in $456.6 million in revenue, showing a 1% increase in homes delivered[262]. - Colorado segment, operational since October 2023, delivered 118 homes with an ASP of $0.5 million, generating $54.3 million in revenue[263]. - Florida segment delivered 942 homes with an ASP of $0.5 million, resulting in $433.1 million in revenue, a 4% decrease in homes delivered compared to the prior year[264]. - Texas segment delivered 414 homes with an ASP of $0.4 million, generating $168.9 million in revenue, a significant increase due to the integration of Antares[266]. Financial Position and Debt - The debt to capital ratio increased to 51.8% as of December 31, 2024, compared to 44.1% in 2023, indicating a rise in leverage due to acquisitions[245]. - The company had outstanding borrowings of $749.0 million as of December 31, 2024, with an additional borrowing capacity of $184.5 million under its credit facility[310]. - The company entered into a line of credit agreement with a borrowing limit of up to $455.0 million, of which $199.0 million was outstanding as of December 31, 2024[314]. - The company maintains a maximum leverage ratio of 60% and a minimum liquidity balance of $50.0 million as per its financial covenants[318]. - The ratio of debt to capital increased to 51.8% in 2024 from 44.1% in 2023, indicating a rise in leverage[338]. - The ratio of net debt to total capital rose to 47.7% in 2024, up from 30.4% in 2023, reflecting increased indebtedness[338]. Cash Flow and Investments - Net cash provided by operating activities increased to $29.6 million in 2024, up from $27.2 million in 2023, primarily due to an increase in cash received from escrow related to home closings of $77.2 million[323]. - Net cash used in investing activities was $240.9 million in 2024, significantly higher than $7.5 million in 2023, mainly due to a $235.0 million payment for the acquisition of Antares in April 2024[323]. - Net cash provided by financing activities was $145.1 million in 2024, compared to a net cash used of $23.8 million in 2023, driven by the issuance of $300.0 million in senior notes[323]. Operational Challenges - Interest rates continue to pose challenges across all segments, impacting net orders and requiring elevated incentives to maintain sales pace[249]. - The company is exposed to interest rate risk primarily from variable rate debt, which may lead to downward demand and pricing pressure in home sales[347]. - Higher inflation impacts operations through increased costs in land, financing, labor, materials, and construction, affecting the affordability of mortgage financing for homebuyers[348]. - The company aims to pass on cost increases to customers through higher prices, but may struggle to do so in weak housing market conditions[348]. Tax and Other Expenses - The effective tax rate for 2024 was 30.5%, compared to 26.7% in 2023, influenced by state income taxes and limitations on executive compensation deductions[293]. - Other expense, net for 2024 was $0.8 million, a decline from other income of $4.3 million in 2023, primarily due to a $5.2 million write-off of deferred financing costs[292]. - Real estate inventories impairment and abandoned project costs for 2024 are $2,916,000, down from $5,698,000 in 2023, showing a reduction of about 49%[344]. - The company began adjusting for abandoned project costs in 2024, aligning them with real estate inventories impairment for better comparability[343].

Landsea Homes (LSEA) Q4 2024 Earnings Call February 27, 2025 05:14 PM ET Company Participants Drew Mackintosh - Founder and PrincipalJohn Ho - CEO & DirectorMichael Forsum - President & COOChris Porter - CFOCarl Reichardt - Managing Director - Equity ResearchJay McCanless - SVP - Equity ResearchAlex Barron - President & Founder Conference Call Participants Elizabeth Langan - Analyst Operator Please stand by. Your program is about to begin. Good day, everyone, and welcome to the Landsea Homes Corporation Fou ...

Group 1 - Landsea Homes reported revenue of $486.68 million for the quarter ended December 2024, reflecting a year-over-year increase of 22.4% [1] - The company's EPS was $0.25, down from $0.43 in the same quarter last year, indicating a significant decline [1] - Revenue fell short of the Zacks Consensus Estimate of $535.1 million, resulting in a surprise of -9.05% [1] Group 2 - Landsea's EPS surprise was -46.81%, with the consensus EPS estimate being $0.47 [1] - The stock has returned -0.8% over the past month, compared to the Zacks S&P 500 composite's -2.2% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential underperformance in the near term [3] Group 3 - Monthly absorption rates were reported at 2.7%, slightly above the estimated 2.6% [4] - The average sales price (ASP) was $481, lower than the estimated $501.04 [4] - Average selling communities totaled 79, compared to the estimated 86 [4] Group 4 - Home deliveries totaled 937, below the estimated 1,027 [4] - The backlog of homes was reported at 390, exceeding the average estimate of 344 [4] - Revenue from home sales was $450.55 million, compared to the estimated $514.70 million, representing a year-over-year increase of 18.7% [4] - Revenue from lot sales and other sources was $36.13 million, significantly higher than the estimated $15.10 million, marking a year-over-year increase of 101.3% [4]

Group 1 - Landsea Homes reported quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.47 per share, and down from $0.43 per share a year ago, representing an earnings surprise of -46.81% [1] - The company posted revenues of $486.68 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 9.05%, compared to year-ago revenues of $397.62 million [2] - Over the last four quarters, Landsea has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2 - The stock has lost about 2.2% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The current consensus EPS estimate for the coming quarter is $0.02 on revenues of $275.9 million, and for the current fiscal year, it is $1.30 on revenues of $1.64 billion [7] - The Real Estate - Development industry, to which Landsea belongs, is currently in the bottom 15% of the Zacks industries, indicating potential challenges ahead [8]