Lennar Corp. (LEN) Tops Q2 EPS by 51c, Offers Guidance
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Lennar Reports Second Quarter EPS of $1.65
June 15, 2020 4:35 PM EDTMIAMI, June 15, 2020 /PRNewswire/ --
Net earnings of $517.4 million, or $1.65 per diluted share, up from net earnings of $421.5 million, or $1.30 per diluted share, a 27% increase in earnings per share Deliveries of 12,672 homes consistent with prior year New orders of 13,015 homes down 10%; new orders dollar value of $4.9 billion down 16% Backlog of 17,975 homes down 6%; backlog dollar value of $7.1 billion down 8% Revenues of $5.3 billion down 5% Homebuilding operating margins of $636.2 million, up from $608.3 million Gross margin on home sales of 21.6%, up... More