Lennar Reports First Quarter EPS of $1.27
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Lennar Corp. (LEN) Tops Q1 EPS by 43c, Revenues Beat
March 19, 2020 6:02 AM EDTLennar Corp. (NYSE: LEN) reported Q1 EPS of $1.27, $0.43 better than the analyst estimate of $0.84. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.16 billion.
Net earnings of $398.5 million, or $1.27 per diluted share, compared to net earnings of $239.9 million, or $0.74 per diluted shareDeliveries of 10,321 homes up 17%New orders of 12,376 homes up 18%; new orders dollar value of $5.0 billion up 20%Backlog of 17,632 homes up 2%; backlog dollar value of $7.2 billion up 1%Revenues of $4.5 billion up 16%Homebuilding operating margins of $474.3 million, compared to $384.9 millionGross... More