Lennar Corp. (NYSE: LEN) reported Q2 EPS of $0.91, versus $0.95 reported last year and the consensus of $0.79. Revenue for the quarter came in at $3.26 billion versus the consensus estimate of $2.9 billion.

• Net earnings of $213.6 million, or $0.91 per diluted share, compared to net earnings of $218.5 million, or $0.95 per diluted share
• Deliveries of 7,710 homes – up 15%
• New orders of 8,898 homes – up 12%; new orders dollar value of $3.4 billion – up 17%
• Backlog of 10,201 homes – up 13%; backlog dollar value of $4.0 billion – up 20%
• Revenues of $3.3 billion – up 19%
• Lennar Homebuilding operating earnings of $332.6 million, compared to $342.7 million
• Gross margin on home sales of 21.5%, compared to 23.1%, improved sequentially 40 basis points from Q1 2017
• S,G&A expenses as a % of revenues from home sales of 9.3%, consistent with Q2 2016, improved sequentially 100 basis points from Q1 2017
• Operating margin on home sales of 12.1%, compared to 13.9%, improved sequentially 130 basis points from Q1 2017
• Lennar Financial Services operating earnings of $43.7 million, compared to $44.1 million
• Rialto operating earnings (net of noncontrolling interests) of $6.2 million, compared to an operating loss (net of noncontrolling interests) of $13.8 million
• Lennar Multifamily operating earnings of $6.5 million, compared to $14.9 million
• Lennar Homebuilding cash and cash equivalents of $748 million
• Lennar issued $650 million of 4.50% senior notes due 2024 and retired its 12.25% senior notes due 2017
• Lennar increased its credit facility to $2.0 billion
• Lennar Homebuilding debt to total capital, net of cash and cash equivalents, of 40.7%

For earnings history and earnings-related data on Lennar Corp. (LEN) click here.