Landsea homes reports fourth quarter and full year 2024 results

Dallas, feb. 27, 2025 (globe newswire) -- landsea homes corporation (nasdaq: lsea) (“landsea homes” or the “company”) announced today financial results for the fourth quarter and full year ended december 31, 2024. for the quarter, the company reported pretax income of $6.5 million and net income of $3.0 million, or $0.08 per diluted share. adjusted net income (a non-gaap measure) was $9.1 million or $0.25 per diluted share. for the full year, pretax income was $26.7 million, and net income was $17.2 million, or $0.47 per diluted share. reported net income for the year includes one-time pretax transaction costs of $8.5 million or $0.17 per diluted share impact. excluding these costs, net income would have been $23.6 million or $0.64 per diluted share. adjusted net income was $41.7 million or $1.14 per diluted share. excluding the one-time transaction costs, adjusted net income was $48.0 million or $1.31 per diluted share.
LSEA Ratings Summary
LSEA Quant Ranking