Lennar Corp. (LEN) Tops Q4 EPS by 23c, Revenues Beat
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Lennar Reports Fourth Quarter EPS of $2.13
January 8, 2020 6:00 AM ESTMIAMI, Jan. 8, 2020 /PRNewswire/ --
2019 Fourth Quarter
Net earnings of $674.3 million, or $2.13 per diluted share, compared to $796.1 million, or $2.42 per diluted share (Q4 2018 included $0.58 per diluted share related to gain on sale of Rialto investment and asset management platform, partially offset by non-recurring expenses) Deliveries of 16,420 homes up 16% New orders of 13,089 homes up 23%; new orders dollar value of $5.2 billion up 23% Backlog of 15,577 homes compared to 15,616 homes; backlog dollar value of $6.3 billion down 4% Revenues of $7.0 billion up 8% Homebuilding operating earnings of $892.5... More