Lennar Corp. (LEN) Tops Q4 EPS by 39c
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Lennar Reports First Quarter 2025 Results
March 20, 2025 5:00 PM EDTFirst Quarter 2025 Highlights - comparisons to the prior year quarter
Net earnings per diluted share of $1.96 ($2.14, excluding mark-to-market losses on technology investments)Net earnings of $520 millionNew orders increased 1% to 18,355 homes; new orders dollar value decreased 4% to $7.4 billionBacklog of 13,145 homes with a dollar value of $5.8 billionDeliveries increased 6% to 17,834 homesTotal revenues of $7.6 billionHomebuilding operating earnings of $809 millionGross margin on home sales of 18.7% (18.8% before purchase accounting)S,G&A expenses as a % of revenues... More