Landsea Homes (LSEA) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Landsea Homes Reports Second Quarter 2024 Results • Home sales revenue increased 43.5% to $418.2 million • Net new home orders of 760 increased 34.5% • Net income of$ 2.9 million or $0.08 per share • Adjusted net income of$ 13.3 million or $0.36 per share, a 9% increase • Home sales gross margin of 14.9%, 21.1% on an adjusted basis • Book value per share of$ 17.94 Dallas, Texas – August 1, 2024 – Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company") announced today financi ...