Landsea Homes Reports Fourth Quarter and Full Year 2023 Results

February 29, 2024

https://www.globenewswire.com/news-release/2024/02/29/2837770/0/en/Landsea-Homes-Reports-Fourth-Quarter-and-Full-Year-2023-Results.html

DALLAS, Feb. 29, 2024 (GLOBE NEWSWIRE) — Landsea Homes Corporation (Nasdaq:LSEA) (“Landsea Homes” or the “Company”), a publicly traded homebuilder, reported financial results for the fourth quarter and full year ended December 31, 2023. For the quarter, the Company reported pretax income of $18.8 million, net income of $12.5 million, or $0.33 per diluted share and adjusted net income (a non-GAAP measure) of $16.1 million or $0.43 per diluted share. For the full year, pretax income was $44.5 million, net income was $29.2 million, or $0.75 per diluted share and adjusted net income was $47.9 million or $1.22 per diluted share.

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