<span item_type="fundamental" item_id="0fde57e5fd9cc54fb299238667c7abb6" counter_id="ST/US/LSEAW" env="prod"></span><span item_type="announcement" item_id="515588071592365825" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 310.81 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -0.2.</p><p>EBIT: As of FY2025 Q1, the actual value is USD 6.166 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Home sales revenue increased by 2.3% to $299.4 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>Total revenue for the first quarter was $310.8 million, up 6% compared to the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>The company reported a pretax loss of $9.9 million and a net loss of $7.1 million, or $0.20 loss per share.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>Adjusted net loss was $1.7 million, or $0.05 loss per share.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>Gross margin was 13.0%, with an adjusted gross margin of 20.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>EBITDA was $6.2 million, compared to $12.6 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>Adjusted EBITDA was $13.5 million, compared to $17.0 million in the prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Total liquidity as of March 31, 2025, was $256.3 million, consisting of cash and cash equivalents, cash held in escrow, and availability under the company’s unsecured revolving credit facility.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>New home deliveries increased by 27.3% to 643 homes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>Net new home orders increased by 11.1% to 679 homes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>Total homes in backlog were 426 homes with a dollar value of $230.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company continues to pursue an asset-light strategy, controlling 55% of its lots at the end of the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li><li>Forward-looking statements indicate expectations for future financial performance and business strategies, with caution regarding numerous assumptions, risks, and uncertainties.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1721386/000172138625000014/lsea20250331earningsrelease.htm"></span></li></ul>

Landsea Homes - CW23 | 8-K: FY2025 Q1 Revenue: USD 310.81 M