Lennar Corp. (LEN) Tops Q3 EPS by 57c, Revenue Beats

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Go back to Lennar Corp. (LEN) Tops Q3 EPS by 57c, Revenue Beats

Lennar Reports Third Quarter EPS of $2.12

September 14, 2020 5:12 PM EDT

MIAMI, Sept. 14, 2020 /PRNewswire/ --

Net earnings of $666.4 million, or $2.12 per diluted share, compared to net earnings of $513.4 million, or $1.59 per diluted share up 30% and 33%, respectively Deliveries of 13,842 homes up 2% New orders of 15,564 homes up 16%; new orders dollar value of $6.3 billion up 20% Backlog of 19,697 homes up 4%; backlog dollar value of $7.9 billion up 4% Revenues of $5.9 billion consistent with prior year Homebuilding operating margins of $832.0 million, compared to $657.1 million Gross margin on home sales of 23.1%, compared to 20.4% S,G&A... More