Lennar Corp. (LEN) Tops Q4 EPS by 46c
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Lennar Reports Fourth Quarter EPS of $2.82
December 16, 2020 5:00 PM ESTMIAMI, Dec. 16, 2020 /PRNewswire/ --Â
2020 Fourth Quarter
Net earnings of $882.8 million, or $2.82 per diluted share, compared to $674.3 million, or $2.13 per diluted share Deliveries of 16,090 homes down 2% New orders of 15,214 homes up 16%; new orders dollar value of $6.3 billion up 22% Backlog of 18,821 homes up 21%; backlog dollar value of $7.8 billion up 24% Revenues of $6.8 billion down 2% Homebuilding operating earnings of $1.1 billion, compared to $892.5 million Gross margin on home sales of 25.0%, compared to 21.5% S,G&A expenses as a % of revenues... More