Homebuilder Lennar (LEN) Posts Strong Q2 But Warns Rate Hikes Starting to Have an Impact
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Lennar Reports Second Quarter 2022 Results
June 21, 2022 6:00 AM EDT2022 Second Quarter Highlights - comparisons to the prior year quarter
Net earnings per diluted share increased 69% to $4.49Increased 59% to $4.69, excluding mark-to-market losses on technology investments in both years and the gain on the sale of the Company's residential solar business in the prior yearNet earnings increased 59% to $1.3 billionIncreased 49% to $1.4 billion, excluding mark-to-market losses on technology investments in both years and the gain on the sale of the Company's residential solar business in the prior yearDeliveries increased 14% to 16,549 homesNew orders increased 4% to 17,792 homes; new orders dollar value... More