Landsea Homes - CW23 | 10-Q: FY2025 Q1 Revenue: USD 310.81 M

Revenue: As of FY2025 Q1, the actual value is USD 310.81 M.

EPS: As of FY2025 Q1, the actual value is USD -0.2.

EBIT: As of FY2025 Q1, the actual value is USD 6.166 M.

Arizona Segment

• Revenue: $79,994 thousand for the three months ended March 31, 2025.
• Cost of Sales: $67,307 thousand for the three months ended March 31, 2025.
• Gross Margin: $12,687 thousand for the three months ended March 31, 2025.
• Pretax Loss: - $141 thousand for the three months ended March 31, 2025.

California Segment

• Revenue: $58,671 thousand for the three months ended March 31, 2025.
• Cost of Sales: $49,344 thousand for the three months ended March 31, 2025.
• Gross Margin: $9,327 thousand for the three months ended March 31, 2025.
• Pretax Income: $1,175 thousand for the three months ended March 31, 2025.

Colorado Segment

• Revenue: $12,735 thousand for the three months ended March 31, 2025.
• Cost of Sales: $11,820 thousand for the three months ended March 31, 2025.
• Gross Margin: $915 thousand for the three months ended March 31, 2025.
• Pretax Loss: - $1,804 thousand for the three months ended March 31, 2025.

Florida Segment

• Revenue: $111,269 thousand for the three months ended March 31, 2025.
• Cost of Sales: $96,321 thousand for the three months ended March 31, 2025.
• Gross Margin: $14,948 thousand for the three months ended March 31, 2025.
• Pretax Income: $1,424 thousand for the three months ended March 31, 2025.

Texas Segment

• Revenue: $48,142 thousand for the three months ended March 31, 2025.
• Cost of Sales: $46,554 thousand for the three months ended March 31, 2025.
• Gross Margin: $1,588 thousand for the three months ended March 31, 2025.
• Pretax Loss: - $7,584 thousand for the three months ended March 31, 2025.

Corporate and Other

• Pretax Loss: - $2,967 thousand for the three months ended March 31, 2025.

Cash Flow

• Net Cash Used in Operating Activities: - $10,076 thousand for the three months ended March 31, 2025.
• Net Cash Used in Investing Activities: - $1,890 thousand for the three months ended March 31, 2025.
• Net Cash Used in Financing Activities: - $4,616 thousand for the three months ended March 31, 2025.

Future Outlook and Strategy

• Core Business Focus: The company aims to expand community count in current markets, enhance operating returns, maintain an appropriate supply of lots, focus on entry-level and first-time product offerings, strengthen unique brand position through product differentiation, continue geographic expansion and diversification into new markets, leverage existing sales, marketing, and general and administrative base to enhance stockholder returns and profitability, and become a top-ten homebuilder in the United States.
• Non-Core Business: The company is focusing its sales and marketing efforts on addressing affordability through a commitment to lower fixed interest rate incentive programs as well as providing purchase incentives, subject to managing inventory levels in the market.