Lennar Corp. (LEN) Reports Q2 EPS of $0.95
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Lennar Reports Second Quarter EPS of $0.95
June 21, 2016 6:00 AM EDTMIAMI, June 21, 2016 /PRNewswire/ --
Net earnings of $218.5 million, or $0.95 per diluted share, compared to net earnings of $183.0 million, or $0.79 per diluted share Deliveries of 6,724 homes up 12% New orders of 7,962 homes up 10%; new orders dollar value of $2.9 billion up 11% Backlog of 9,014 homes up 12%; backlog dollar value of $3.3 billion up 15% Revenues of $2.7 billion up 15% Lennar Homebuilding operating earnings of $342.7 million, compared to $292.8 million up 17% Gross margin on home sales of 23.1%, compared to 23.8% in Q2 2015, improved sequentially 40 basis points from Q1 2016... More