The earnings call reflects mixed performance, with notable increases in home sales revenue and deliveries, and successful strategic shifts towards presold homes. However, these are counterbalanced by a net loss, decline in average closing prices, and pressure on gross margins. Demand conditions remain uneven, requiring continued use of incentives.

Company Guidance -

Q1 2025

During the Landsea Homes Corporation First Quarter 2025 Earnings Call, several key metrics were highlighted. The company recorded a net loss of $7.3 million, or $0.20 per diluted share, despite an 11% increase in net new orders and a 2% rise in home sales revenue, attributed to a 27% increase in deliveries. The average closing price decreased by 20%, due in part to a shift in sales from high-priced California communities to more affordable regions like Florida and Texas, where ASPs actually grew year-over-year. Incentives, which accounted for 9% of the average closing price, were a significant factor in the margin compression. Sales pace was at the lower end of the targeted range at 3.0 homes per community per month, with Arizona leading the absorption rate at 3.8. Landsea Homes ended the quarter with $256 million in liquidity, including $52.3 million in cash, while maintaining a debt to total capital ratio of 52.1%.

Increase in Home Sales Revenue and Deliveries

Home sales revenue increased 2% year-over-year on a 27% increase in deliveries. Florida delivered strong 52% delivery growth and 53% revenue growth, while Texas had 126 deliveries and $48 million in home sales revenue.

Positive Demand Trends

Net new orders for the quarter increased 11% year-over-year, with a sales pace of 3.0 homes per community per month. This was attributed to demand elasticity as buyers responded to declines in mortgage rates and higher incentives.

Strategic Shift Towards Presold Homes

67% of first quarter deliveries were sold in the same quarter, with a goal to achieve a 50-50 split between spec and build-to-order homes. This shift aims to increase margin opportunities and reduce cash tied up in inventory.

Operational Efficiencies and Cost Management

Build times have returned to pre-COVID levels, leading to faster backlog conversions. Lot cost inflation remains a challenge, but success in renegotiating lot takedown terms provides some optimism for future land prices.

Landsea Homes (LSEA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LSEA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 31, 2025	2025 (Q2)	-0.05 / -	0.08	―	―	―
May 13, 2025	2025 (Q1)	-0.09 / -0.20	0.01	-2100.00% (-0.21)	―
Feb 27, 2025	2024 (Q4)	0.36 / 0.08	0.33	-75.76% (-0.25)
Nov 04, 2024	2024 (Q3)	0.07 / 0.30	0.22	36.36% (+0.08)
Aug 01, 2024	2024 (Q2)	0.10 / 0.08	0.12	-33.33% (-0.04)
May 01, 2024	2024 (Q1)	0.07 / 0.01	0.08	-87.50% (-0.07)
Feb 29, 2024	2023 (Q4)	0.24 / 0.33	0.62	-46.77% (-0.29)
Nov 02, 2023	2023 (Q3)	0.15 / 0.22	0.69	-68.12% (-0.47)
Aug 01, 2023	2023 (Q2)	0.12 / 0.12	0.71	-83.10% (-0.59)
May 03, 2023	2023 (Q1)	0.10 / 0.08	0.71	-88.73% (-0.63)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LSEA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 13, 2025	$7.02	$11.27	+60.54%
Feb 27, 2025	$8.30	$6.57	-20.84%
Nov 04, 2024	$10.34	$11.74	+13.54%
Aug 01, 2024	$12.18	$12.59	+3.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Landsea Homes Corporation (LSEA) report earnings?

Landsea Homes Corporation (LSEA) is schdueled to report earning on Jul 31, 2025, After Close (Confirmed).

What is Landsea Homes Corporation (LSEA) earnings time?

Landsea Homes Corporation (LSEA) earnings time is at Jul 31, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LSEA EPS forecast?

LSEA EPS forecast for the fiscal quarter 2025 (Q2) is -0.05.

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