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BRIEF-LF Capital Acquisition Corp Reports Q3 Revenue $218.5 Mln
2020-11-17 21:37
Nov 17 (Reuters) - LF Capital Acquisition Corp :
* .’S BUSINESS COMBINATION TARGET, LANDSEA HOMES, REPORTS STRONG UNAUDITED THIRD QUARTER 2020 FINANCIAL RESULTS
* Q3 REVENUE ROSE 78 PERCENT TO $218.5 MILLION
* REMAINS ON TRACK TO COMPLETE BUSINESS COMBINATION IN Q4 OF 2020
* QTRLY TOTAL BACKLOG INCREASED TO 922 HOMES WITH A DOLLAR VALUE OF $439.6 MILLION AND AN AVERAGE SALES PRICE OF $477,000
* LF CAPITAL ACQUISITION QTRLY NET NEW HOME ORDERS INCREASED 175% TO 504 HOMES WITH A DOLLAR VALUE OF $279.1 MILLION & AN AVERAGE SALES PRICE OF $554,000
* QTRLY NET INCOME ATTRIBUTABLE TO LANDSEA HOMES INCREASED 71% TO $3.2 MILLION
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((Reuters.Briefs@thomsonreuters.com;)
