Lennar Corp. (LEN) Tops Q3 EPS by 22c, Offers Guidance
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Lennar Reports Second Quarter 2024 Results
June 17, 2024 4:30 PM EDTSecond Quarter 2024 Highlights - comparisons to the prior year quarter
Net earnings per diluted share increased 15% to $3.45$3.38, excluding mark-to-market losses on technology investments and one-time gain on sale of a technology investmentNet earnings increased 9% to $954 millionNew orders increased 19% to 21,293 homesBacklog of 17,873 homes with a dollar value of $8.2 billionDeliveries increased 15% to 19,690 homesTotal revenues of $8.8 billionHomebuilding operating earnings of $1.3 billionGross margin on home sales of 22.6%S,G&A expenses as a % of revenues... More