Landsea Homes Reports Third Quarter 2024 Results

Net income increased 29% to $11.1 million or$ 0.30 per share, a 36% increaseAdjusted net income increased 36% to $15.9 million or$ 0.44 per share, a 47% increaseHome sales revenue increased 26.2% to $325.6 millionNew home deliveries increased 40% to 629 homesNet new home orders of 626 increased 28.8%Home sales gross margin of 17.1%, adjusted home sales gross margin of 22.8%Book value per share of$ 18.27 DALLAS, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or th ...