Landsea Homes (LSEA) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Landsea Homes Reports Third Quarter 2024 Results • Net income increased 29% to $11.1 million or $0.30 per share, a 36% increase • Adjusted net income increased 36% to $15.9 million or $0.44 per share, a 47% increase • Home sales revenue increased 26.2% to $325.6 million • New home deliveries increased 40% to 629 homes • Net new home orders of 626 increased 28.8% • Home sales gross margin of 17.1%, adjusted home sales gross margin of 22.8% • Book value per share of $18.27 Dallas, Texas – Novembe ...