Latest news with #LSEA
Associated Press
27-05-2025
- Business
- Associated Press
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates LSEA, FARO, AVDX on Behalf of Shareholders
NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Landsea Homes Corporation (NASDAQ: LSEA)'s sale to New Home Co. for $11.30 per share in cash. If you are a Landsea shareholder, click here to learn more about your rights and options. FARO Technologies, Inc. (NASDAQ: FARO)'s sale to AMETEK, Inc. for $44.00 per share in cash. If you are a FARO shareholder, click here to learn more about your rights and options. AvidXchange Holdings, Inc. (NASDAQ: AVDX)'s sale to TPG for $10.00 per share in cash. If you are an AvidXchange shareholder, click here to learn more about your legal rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. One World Trade Center 85th Floor New York, NY 10007 (212) 763-0060 [email protected] [email protected]
Yahoo
14-05-2025
- Business
- Yahoo
Landsea Homes Corp (LSEA) Q1 2025 Earnings Call Highlights: Strategic Shifts Amid Revenue ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Home sales revenue increased by 2% year over year, driven by a 27% increase in deliveries. Net new orders for the quarter increased by 11% year over year, indicating strong demand. Florida showed significant growth with a 52% increase in deliveries and a 53% increase in revenue. The company is focusing on a strategic shift towards pre-sold homes, which offers better margin opportunities. Landsea Homes Corp (NASDAQ:LSEA) ended the quarter with $256 million in liquidity, showing financial stability. The company recorded a net loss of $7.3 million for the first quarter. Average closing prices declined by 20% due to a shift towards lower-priced regions and elevated incentives. Gross margins were negatively impacted by discounts and incentives, representing 9.6% of gross home sales revenue. SG&A expenses increased by 180 basis points due to higher sales and marketing costs. The company anticipates that incentive levels will remain elevated throughout 2025, potentially impacting margins. Warning! GuruFocus has detected 8 Warning Signs with LSEA. Q: Can you provide an overview of Landsea Homes' financial performance for the first quarter of 2025? A: John Ho, CEO, reported a net loss of $7.3 million, or $0.20 per diluted share. Home sales revenue increased by 2% year-over-year, driven by a 27% increase in deliveries, although average closing prices declined by 20% due to a shift in sales mix and increased incentives. Q: What strategic decisions did Landsea Homes make regarding its inventory and sales approach? A: John Ho, CEO, stated that the company decided to sell through some of its spec home inventory to achieve a more balanced approach between spec sales and build-to-order homes. The goal is to return to a 50-50 split between these two types of closings over time. Q: How did different regions perform in terms of home deliveries and sales? A: Michael Forsum, President and COO, noted that Florida led in delivery contributions, followed by Arizona and Texas. Florida saw a 52% growth in deliveries and a 53% increase in revenue, while Texas contributed 126 deliveries and $48 million in home sales revenue. Q: What impact did incentives have on Landsea Homes' margins? A: Christopher Porter, CFO, explained that discounts and incentives represented 9.6% of gross home sales revenue, impacting gross margins. The home sales gross margin before inventory impairments was 13.5%, with adjusted gross margin at 20%. Q: What is the outlook for incentives and mortgage rates moving forward? A: Christopher Porter, CFO, indicated that incentive levels are expected to remain elevated through 2025, fluctuating with the mortgage rate environment. The company anticipates incentive levels to be in the 7% to 9% range in the second quarter. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
14-05-2025
- Business
- Yahoo
Landsea Homes Corp (LSEA) Q1 2025 Earnings Call Highlights: Strategic Shifts Amid Revenue ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Home sales revenue increased by 2% year over year, driven by a 27% increase in deliveries. Net new orders for the quarter increased by 11% year over year, indicating strong demand. Florida showed significant growth with a 52% increase in deliveries and a 53% increase in revenue. The company is focusing on a strategic shift towards pre-sold homes, which offers better margin opportunities. Landsea Homes Corp (NASDAQ:LSEA) ended the quarter with $256 million in liquidity, showing financial stability. The company recorded a net loss of $7.3 million for the first quarter. Average closing prices declined by 20% due to a shift towards lower-priced regions and elevated incentives. Gross margins were negatively impacted by discounts and incentives, representing 9.6% of gross home sales revenue. SG&A expenses increased by 180 basis points due to higher sales and marketing costs. The company anticipates that incentive levels will remain elevated throughout 2025, potentially impacting margins. Warning! GuruFocus has detected 8 Warning Signs with LSEA. Q: Can you provide an overview of Landsea Homes' financial performance for the first quarter of 2025? A: John Ho, CEO, reported a net loss of $7.3 million, or $0.20 per diluted share. Home sales revenue increased by 2% year-over-year, driven by a 27% increase in deliveries, although average closing prices declined by 20% due to a shift in sales mix and increased incentives. Q: What strategic decisions did Landsea Homes make regarding its inventory and sales approach? A: John Ho, CEO, stated that the company decided to sell through some of its spec home inventory to achieve a more balanced approach between spec sales and build-to-order homes. The goal is to return to a 50-50 split between these two types of closings over time. Q: How did different regions perform in terms of home deliveries and sales? A: Michael Forsum, President and COO, noted that Florida led in delivery contributions, followed by Arizona and Texas. Florida saw a 52% growth in deliveries and a 53% increase in revenue, while Texas contributed 126 deliveries and $48 million in home sales revenue. Q: What impact did incentives have on Landsea Homes' margins? A: Christopher Porter, CFO, explained that discounts and incentives represented 9.6% of gross home sales revenue, impacting gross margins. The home sales gross margin before inventory impairments was 13.5%, with adjusted gross margin at 20%. Q: What is the outlook for incentives and mortgage rates moving forward? A: Christopher Porter, CFO, indicated that incentive levels are expected to remain elevated through 2025, fluctuating with the mortgage rate environment. The company anticipates incentive levels to be in the 7% to 9% range in the second quarter. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
13-05-2025
- Business
- Yahoo
Landsea: Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Landsea Homes Corp. (LSEA) on Monday reported a loss of $7.3 million in its first quarter. On a per-share basis, the Dallas-based company said it had a loss of 20 cents. Losses, adjusted for non-recurring costs, were 5 cents per share. The residential homebuilder posted revenue of $310.8 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LSEA at Sign in to access your portfolio
Washington Post
13-05-2025
- Business
- Washington Post
Landsea: Q1 Earnings Snapshot
DALLAS — DALLAS — Landsea Homes Corp. (LSEA) on Monday reported a loss of $7.3 million in its first quarter. On a per-share basis, the Dallas-based company said it had a loss of 20 cents. Losses, adjusted for non-recurring costs, were 5 cents per share. The residential homebuilder posted revenue of $310.8 million in the period.
