Lennar Corp. (LEN) Tops Q1 EPS by 40c
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Lennar Reports Third Quarter 2023 Results
September 14, 2023 4:30 PM EDTNet earnings per diluted share of $3.87$3.91, excluding mark-to-market losses on technology investmentsNet earnings of $1.1 billionDeliveries increased 8% to 18,559 homesNew orders increased 37% to 19,666 homes; new orders dollar value increased 30% to $8.6 billionBacklog of 21,321 homes with a dollar value of $9.9 billionTotal revenues of $8.7 billionHomebuilding operating earnings of $1.5 billionGross margin on home sales of 24.4%S,G&A expenses as a % of revenues from home sales of 7.0%Net margin on home sales of 17.4%Financial Services... More
