{"schema_version":"secwatch.filing_event.v1","accession":"0001721386-24-000009","form_type":"8-K","ticker":null,"cik":"0001721386","company_name":"Landsea Homes Corp","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.737126+00:00","generated_at":"2026-06-03T03:04:48.685281+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Landsea Homes Q1: Revenue +22% to $294M, EPS $0.01; FY deliveries 2,500-2,900","bullets":["Net income $0.2M ($0.01 EPS); adjusted net income $2.0M ($0.06 adjusted EPS) vs $3.2M prior.","Total revenue $294.0M (+22% YoY) on 505 home closings at avg $579K (up 14% YoY).","Net new orders 612 (+23% YoY); monthly absorption 3.3/community; cancellations 10% (vs 16%).","Adjusted EBITDA $17.0M vs $16.2M YoY; adjusted gross margin 19.4% down from 21.9%.","April placement of $300M 8.875% senior notes due 2029; proceeds used to reduce revolver."],"urls":{"canonical":"https://secwatch.observer/filing/0001721386-24-000009","json":"https://secwatch.observer/filing/0001721386-24-000009.json","markdown":"https://secwatch.observer/filing/0001721386-24-000009.md","text":"https://secwatch.observer/filing/0001721386-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1721386/000172138624000009/0001721386-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1721386/000172138624000009/lhi-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:04:48.685281+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1257a831c038b1cb6e78f0e36c661629bae1b3bb","claim":"Landsea Homes Corp reported the first quarter ended March 31, 2024 results: revenue $294.0 million, net income net income of $0.2 million, EPS $0.01 per share. Guidance initiated.","evidence_excerpt":"Landsea Homes Reports First Quarter 2024 Results First Quarter 2024 Highlights • First quarter net new home orders of 612, a 23% year-over-year increase • Total revenue of $294.0 million, driven by 505 home closings at an average price of $579,000 • Adjusted EBITDA of $17.0 million • Book value per share of $17.92 • Repurchased approximately 534,000 shares of common stock for $6.4 million Dallas, Texas – May 1, 2024 – Landsea Homes Corporation (Nasdaq: LSEA) (“Landsea Homes” or the “Company”), a publicly traded homebuilder, reported financial results for the first quarter ended March 31, 2024. For the quarter, the Company reported pretax income of $0.7 million, and net income of $0.2 million, or $0.01 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1721386/000172138624000009/0001721386-24-000009-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$294.0 million"},{"label":"Net income","value":"net income of $0.2 million"},{"label":"EPS","value":"$0.01 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}