Lennar Corp. (LEN) Misses Q2 EPS by 4c; Revenues Beat
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Lennar Reports Second Quarter 2025 Results
June 16, 2025 5:45 PM EDTSecond Quarter 2025 Highlights - comparisons to the prior year quarter
Net earnings per diluted share of $1.81 ($1.90 excluding mark-to-market losses on technology investments)Net earnings of $477 millionNew orders increased 6% to 22,601 homesBacklog of 15,538 homes with a dollar value of $6.5 billionDeliveries increased 2% to 20,131 homesTotal revenues of $8.4 billionHomebuilding operating earnings of $728 millionGross margin on home sales of 17.8% (18.0% excluding purchase accounting)SG&A expenses as a % of revenues from home sales of 8.8%Net margin on home sales of 8.9% (9.2% excluding purchase... More