First Quarter 2023 Highlights
Total revenue of $241.7 millionPretax income of $5.7 millionFirst quarter net income of $3.2 million, or $0.08 per diluted shareHome sales gross margin of 18.1%Total homes delivered of 472Net new home orders of 498 with an order value of $282.5 millionQuarter-end homes in backlog of 696 for a total of $422.9 millionDALLAS, May 03, 2023 (GLOBE NEWSWIRE) -- Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded homebuilder, reported financial results for the first quarter ended March31, 2023.