Landsea homes reports third quarter 2024 results

Dallas, nov. 04, 2024 (globe newswire) -- landsea homes corporation (nasdaq: lsea) (“landsea homes” or the “company”) announced today financial results for the third quarter ended september 30, 2024. for the quarter, the company reported pretax income of $14.9 million, and net income of $11.1 million, or $0.30 per share. adjusted net income (a non-gaap measure) was $15.9 million or $0.44 per share and adjusted gross margin was 22.8%. reported pretax income for the prior year period was $12.5 million with net income of $8.6 million, or $0.22 per share. for the prior year period, adjusted net income was $11.7 million, or $0.30 per share and adjusted gross margin was 24.0%.
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