LSEA Q1 Loss Wider Than Expectations, Revenues Up Y/Y, Stock Soars 60%

Landsea Homes Corporation (LSEA) reported lackluster first-quarter 2025 results, wherein adjusted earnings and total revenues missed the Zacks Consensus Estimate. On a year-over-year basis, the bottom line tumbled while the top line grew.During the quarter, the company witnessed growth in home closing volume, which was partially offset by lower home closing average selling price (ASP), especially across Texas, Florida and Colorado markets. Reduced cancellation rates, accompanied by order growth on lower ASP ...