Lennar Reports Third Quarter 2024 Results
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
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US:NYSE Investor Relations:
investors.lennar.com
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Source: PR Newswire
Third Quarter 2024 Highlights - comparisons to the prior year quarterNet earnings per diluted share increased 10% to $4.26$3.90, excluding mark-to-market gains on technology investments and one-time items in the Company's Multifamily segmentNet earnings increased 5% to $1.2 billionNew orders increased 5% to 20,587 homesBacklog of 16,944 homes with a dollar value of $7.7 billionDeliveries increased 16% to 21,516 homesTotal revenues of $9.4 billionHomebuilding operating earnings of $1.5 billionGross margin on home sales of 22.5%S,G&A expenses as a % of revenues from home sales of 6.7%Net margin on home sales of 15.8%Financial Services operating earnings of $144 millionMultifamily operating earnings of $79 millionLennar Other operating earnings of $20 millionHomebuilding cash and cash equivalents of $4.0 billionYears supply of owned homesites of 1.1 years and controlled homesites of 81%No outstanding borrowings under the Company's $2.2 billion revolving credit facilityHomebuilding debt t
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LEN
News
- Homebuilder Lennar Reports Better-Than-Expected Q3 Results: Details [Yahoo! Finance]Yahoo! Finance
- Lennar Co. (NYSE: LEN) had its price target raised by analysts at Bank of America Co. from $171.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
- Quarterra Multifamily and QuadReal Announce Start of Leasing at The Piper Apartments [Yahoo! Finance]Yahoo! Finance
- Quarterra Multifamily and QuadReal Announce Start of Leasing at The Piper ApartmentsPR Newswire
- Lennar Continues Strategic Expansion Across New Jersey with Launch of Four New Communities This Fall [Yahoo! Finance]Yahoo! Finance
LEN
Earnings
- 9/19/24 - Beat
LEN
Sec Filings
- 9/19/24 - Form 8-K
- 9/13/24 - Form SC
- 9/3/24 - Form 4
- LEN's page on the SEC website