Homebuilder Lennar's (LEN) Stock Falls 6% Despite Q4 Beat
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Lennar Reports Fourth Quarter and Fiscal 2021 Results
December 15, 2021 4:30 PM ESTMIAMI, Dec. 15, 2021 /PRNewswire/ --
2021 Fourth Quarter Highlights comparisons to the prior year quarter
Net earnings per diluted share increased 39% to $3.91 (increased 55% to $4.36, excluding mark to market losses on strategic technology investments) Net earnings increased 35% to $1.2 billion (increased 50% to $1.3 billion, excluding mark to market losses on strategic technology investments) Revenues increased 24% to $8.4 billion Deliveries increased 11% to 17,819 homes New orders increased 2% to 15,539 homes; new orders dollar value increased 16% to $7.3 billion Backlog increased 26% to 23,771 homes; backlog dollar value increased 45% to $11.4 billion Homebuilding operating earnings of $1.8 billion,... More