Landsea Homes Corporation (LSEA) Tops Q1 EPS by 4c; offers guidance

Landsea Homes Corporation (NASDAQ: LSEA) reported Q1 EPS of $0.18, $0.04 better than the analyst estimate of $0.14. Revenue for the quarter came in at $241.7 million versus the consensus estimate of $190.36 million.

2023 Outlook

Second quarter 2023

New home deliveries anticipated to be in the range of 450 to 500
Delivery ASPs expected to be in the range of $510,000 to $520,000
Home sales gross margin of approximately 18%

Full year 2023

New home deliveries anticipated to be in the range of 1,650 to 2,000
Delivery ASPs expected to be in the range of $540,000 to $575,000

For earnings history and earnings-related data on Landsea Homes Corporation (LSEA) click here.

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