Lennar Corp. (LEN) Reports Q4 EPS of $1.34, Versus $1.28 Consensus
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Lennar Reports Fourth Quarter EPS of $1.34
December 19, 2016 6:00 AM ESTMIAMI, Dec. 19, 2016 /PRNewswire/ --
2016 Fourth Quarter
Net earnings of $313.5 million, or $1.34 per diluted share, compared to net earnings of $281.6 million, or $1.21 per diluted share Deliveries of 8,228 homes up 7% New orders of 6,598 homes up 9%; new orders dollar value of $2.4 billion up 12% Backlog of 7,623 homes up 15%; backlog dollar value of $2.9 billion up 17% Revenues of $3.4 billion up 15% Lennar Homebuilding operating earnings of $436.7 million, compared to $437.5 million Gross margin on home sales of 23.3%, compared to 24.6% in Q4 2015, improved sequentially 70 basis points... More