Lennar Corp. (LEN) Tops Q3 EPS by 32c
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Lennar Reports Third Quarter 2022 Results
September 21, 2022 4:30 PM EDTThird Quarter 2022 Highlights - comparisons to the prior year quarter
Net earnings per diluted share increased 11% to $5.03Increased 58% to $5.18, excluding mark-to-market gains (losses) on technology investments and one-time itemsNet earnings increased 4% to $1.47 billionIncreased 48% to $1.51 billion, excluding mark-to-market gains (losses) on technology investments and one-time itemsDeliveries increased 13% to 17,248 homesNew orders decreased 12% to 14,366 homes; new orders dollar value decreased 11% to $6.7 billionBacklog of 25,734 homes - consistent with prior year; backlog dollar value increased 8% to $12.9 billionTotal revenues increased 29% to $8.9 billionHomebuilding... More