Lennar (LEN) Falls as Reported Q3 Revenue Beats, EPS Slightly Missed Estimates

Lennar Reports Third Quarter EPS of $4.52

September 20, 2021 4:30 PM EDT

MIAMI, Sept. 20, 2021 /PRNewswire/ --

Net earnings of $1.4 billion, or $4.52 per diluted share, compared to net earnings of $666.4 million, or $2.12 per diluted share both up over 100% Net earnings were $1.0 billion, or $3.27 per diluted share, excluding the mark to market gains on the Company's strategic investmentsDeliveries of 15,199 homes up 10% New orders of 16,277 homes up 5%; new orders dollar value of $7.5 billion up 19% Backlog of 25,819 homes up 31%; backlog dollar value of $12.0 billion up 52% Revenues of $6.9 billion up 18% Homebuilding net... More

Lennar To Release More Than 1,000 Homes For Sale By Year End In More Than 70 Tampa Area Communities

September 16, 2021 8:00 AM EDT

TAMPA, Fla., Sept. 16, 2021 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, will release more than 1,000 homes for sale before year-end offering prospective homebuyers the chance to realize the dream of new-home ownership even in the midst of a tight market.

"More than ever, a new home is a place where families can feel safe while staying connected to each other and their surrounding communities," said Steve Smith, Lennar Tampa Division President. "But across the Tampa Bay area, there are typically just 15,000 new homes built each year, with limited inventory for sale. Lennar's long... More