Net New Home Orders: Increased by 352% in Q4, signaling strong demand.Full Year Revenue: Total revenue of $1.21 billion for the year.Q4 Home Sales Revenue: $379.7 million, with 664 home closings at an average price of $572,000.Q4 Net Income: $12.5 million, or $0.33 per diluted share.Full Year Net Income: $29.2 million, or $0.75 per diluted share.Book Value Per Share: Increased to $17.88, up 11.4% from year-end 2022.Market Expansion: Entry into the Colorado market and a definitive agreement to acquire Antares Homes.On February 29, 2024, Landsea Homes Corp (NASDAQ:LSEA) released its 8-K filing, detailing its financial results for the fourth quarter and full year ended December 31, 2023. The homebuilding company, which operates in several key U.S. markets including Arizona, California, Florida, Metro New York, and Texas, reported a significant increase in net new home orders and a solid net income for the year.Landsea Homes Corp (LSEA) Reports Robust Order Growth and Solid Full Year Earnings for 2023Financial Performance and ChallengesLandsea Homes saw a remarkable 352% increase in net new home orders in Q4, a clear indicator of robust demand for their homes. However, t …
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