| Lennar (LEN) Stock Falls Amid Market Uptick: What Investors Need to Know |
Lennar (LEN) closed at $112.37 in the latest trading session, marking a -0.16% move from the prior day. |
zacks.com |
2025-05-13 23:15:38 |
Czytaj oryginał (ang.) |
| 3 Undervalued Stocks Investors Should Buy Hand-Over-Fist in May |
Finding value in today's market is what most investors are after. Given where broad market-based multiples sit, many investors who may be sitting on the sidelines may be doing so for fear that these multiples may have gotten ahead of the market's medium-term potential. |
247wallst.com |
2025-05-12 18:27:48 |
Czytaj oryginał (ang.) |
| Quarterra Multifamily and QuadReal Celebrate Strong Lease-up Start at The Piper Apartments |
REDMOND, Wash., May 9, 2025 /PRNewswire/ -- The Piper is proving to be one of Redmond's most in-demand rental communities, with strong leasing momentum continuing at the 284-home luxury property. Developed by Quarterra Multifamily, a subsidiary of Lennar Corporation, in partnership with global real estate investment, operating and development company, QuadReal Property Group, The Piper offers an exceptional living experience along the scenic Marymoor Park. |
prnewswire.com |
2025-05-12 18:25:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Rises Higher Than Market: Key Facts |
In the latest trading session, Lennar (LEN) closed at $108.61, marking a +0.96% move from the previous day. |
zacks.com |
2025-04-30 23:20:38 |
Czytaj oryginał (ang.) |
| Why Lennar is betting on a startup building backup batteries for Texas homes |
Lennar, one of the nation's largest homebuilders, is using Base Power on its new homes in Texas. Base Power is a hardware company and a virtual power plant. |
cnbc.com |
2025-04-29 18:27:28 |
Czytaj oryginał (ang.) |
| Warren Buffett's April DiviDogs Tag One Buy In 15 'Safer' |
Berkshire Hathaway's Q4 additions include Constellation Brands, while increasing stakes in Occidental Petroleum, Domino's Pizza, and Pool, reflecting Buffett's strategic growth and value investments. Top Berkshire dividend stocks like Kraft Heinz, Sirius XM, and Ally Financial offer attractive yields, meeting the dogcatcher ideal of dividends exceeding share prices. Analysts forecast significant gains for Berkshire's top-yielding stocks, with Ally Financial leading potential returns, highlighting the value in underpriced, high-yield investments. |
seekingalpha.com |
2025-04-27 12:53:21 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Ascends But Remains Behind Market: Some Facts to Note |
Lennar (LEN) concluded the recent trading session at $109.22, signifying a +1.53% move from its prior day's close. |
zacks.com |
2025-04-24 23:20:40 |
Czytaj oryginał (ang.) |
| Lennar Corporation Declares Quarterly Dividends |
MIAMI , April 9, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on May 7, 2025 to holders of record at the close of business on April 23, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. |
prnewswire.com |
2025-04-09 20:30:00 |
Czytaj oryginał (ang.) |
| Tariff Exemptions Lift Homebuilding Stocks: DHI, DFH, NVR, LEN, PHM Gains |
Homebuilding stocks got a much-needed boost after President Trump left Canadian lumber out of sweeping new tariffs. Here's what it means for housing investors. |
zacks.com |
2025-04-07 19:10:32 |
Czytaj oryginał (ang.) |
| 5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (April 2025) |
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. The market is volatile with economic uncertainties, but investing consistently in solid dividend-paying stocks with reasonable valuations is a good idea. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. |
seekingalpha.com |
2025-04-05 12:00:00 |
Czytaj oryginał (ang.) |
| Dandelion Energy and Lennar Announce One of the Largest Residential Geothermal Deployments in US History |
The partnership establishes a framework for making geothermal heating and cooling the standard in new home construction. ARLINGTON, Va. |
prnewswire.com |
2025-04-02 12:00:00 |
Czytaj oryginał (ang.) |
| Another challenge may be brewing in the housing market, real estate expert warns |
Brown Harris Stevens real estate broker Lisa Lippman discusses the latest obstacles in the housing industry and whether the president's tariffs will impact buyers and sellers. |
youtube.com |
2025-03-28 16:45:04 |
Czytaj oryginał (ang.) |
| Lennar: Rating Downgrade As Various Indicators Point To Poor Earnings Outlook In 2025 |
Downgraded Lennar Corporation to a sell due to poor demand, deteriorating pricing power, and margin pressure, despite strong execution. The latest JPMorgan housing outlook confirms a negative US housing demand environment, with high mortgage rates and cautious consumers impacting affordability and transaction volumes. LEN's increased reliance on sales incentives and declining average selling prices indicate significant underlying demand deterioration and lack of pricing power. |
seekingalpha.com |
2025-03-26 00:26:45 |
Czytaj oryginał (ang.) |
| LEN Downgraded from Outperform: New Foundation for Stock? |
Lennar (LEN) posted earnings that caused its stock to slide to 52-week lows on Friday. Bearish action continued on the analyst front with Evercore ISI's downgrade to In Line from Outperform. |
youtube.com |
2025-03-24 14:20:12 |
Czytaj oryginał (ang.) |
| Certainly Uncertain |
US equity markets posted modest gains this week - snapping a four-week losing streak - as investors parsed commentary and updated forecasts from the Federal Reserve's policy meeting. Ahead of the looming April 2nd unveiling of reciprocal tariffs, investors were relieved by FOMC projections showing that 11-of-19 policy markets still expect at least two rate cuts this year. Disappointing retail sales data indicated that economic uncertainty is beginning to affect real-world consumer behavior. Housing market data was relatively solid, however, sparking an upward revision to the GDPNow forecast. |
seekingalpha.com |
2025-03-23 11:00:00 |
Czytaj oryginał (ang.) |
| Housing data recap, Super Micro Computer upgraded by JPMorgan, Lennar issues weak Q2 outlook |
Market Domination hosts Josh Lipton and Julie Hyman go over key insights from the trading day on March 21, 2025. First, they discuss Heathrow Airport's reopening after a nearby fire caused a power outage that disrupted travel earlier in the day. |
youtube.com |
2025-03-21 20:48:53 |
Czytaj oryginał (ang.) |
| Lennar Corporation (LEN) Q1 2025 Earnings Call Transcript |
Lennar Corporation (NYSE:LEN ) Q1 2025 Earnings Conference Call March 21, 2025 11:00 AM ET Company Participants David Collins - VP & Controller Stuart Miller - Executive Chairman & Co-CEO Jon Jaffe - President & Co-CEO Diane Bessette - CFO Fred Rothman - COO Conference Call Participants Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates John Lovallo - UBS Mike Rehaut - JP Morgan Susan Maklari - Goldman Sachs Ken Zener - Seaport Research Partners Operator Welcome to Lennar's First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2025-03-21 16:38:33 |
Czytaj oryginał (ang.) |
| Lennar Outperforms On Orders And Earnings, But Analysts Caution On Weaker Margins And Q2 Outlook |
Home construction company Lennar Corp LEN released its first-quarter results after Thursday's closing bell. |
benzinga.com |
2025-03-21 15:54:06 |
Czytaj oryginał (ang.) |
| Cramer's Mad Dash: Lennar |
Jim Cramers discusses why he's keeping an eye on shares of homebuilder Lennar. |
youtube.com |
2025-03-21 12:01:41 |
Czytaj oryginał (ang.) |
| Lennar Q1 Earnings & Revenues Beat, Stock Falls on Lower Order Value |
LEN's first-quarter fiscal 2025 report reflects strong demand but ongoing affordability challenges in a shifting housing market. |
zacks.com |
2025-03-21 11:21:07 |
Czytaj oryginał (ang.) |
| Home Builder Stocks Are on Track for Worst February in 5 Years. What's Dragging Them Down. |
High construction costs, rising mortgage rates, and looming tariffs are pressuring the stocks. |
barrons.com |
2025-02-19 18:54:00 |
Czytaj oryginał (ang.) |
| Lennar Expands Its Reach With Rausch Coleman Acquisition |
LEN strengthens its market position with a key acquisition. |
zacks.com |
2025-02-11 14:46:14 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Rises But Trails Market: What Investors Should Know |
In the closing of the recent trading day, Lennar (LEN) stood at $122.69, denoting a +0.62% change from the preceding trading day. |
zacks.com |
2025-02-10 21:21:11 |
Czytaj oryginał (ang.) |
| Lennar Corporation Completes Spin-Off Of Millrose Properties |
On February 07, 2024, Millrose Properties (NYSE: MRP; $26.74; Market Capitalization: $3.5 billion), and Lennar Corporation (NYSE: LEN, $121.94; Market Capitalization: $32.2 billion) started regular-way trading. MRP opened at $23.49, made an intraday high of $27.07, and a low of $22.26 before closing at $26.74. |
forbes.com |
2025-02-10 13:43:29 |
Czytaj oryginał (ang.) |
| Millrose Properties Set to Join S&P SmallCap 600 |
NEW YORK , Feb. 5, 2025 /PRNewswire/ -- Millrose Properties Inc. (NYSE: MRP) will replace Ironwood Pharmaceuticals Inc. (NASD: IRWD) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 10. S&P 500 constituent Lennar Corp (NYSE: LEN) is spinning off Millrose Properties in a transaction expected to be completed on Friday, February 7. |
prnewswire.com |
2025-02-05 20:28:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Beats Stock Market Upswing: What Investors Need to Know |
The latest trading day saw Lennar (LEN) settling at $128.29, representing a +1.66% change from its previous close. |
zacks.com |
2025-02-04 21:20:36 |
Czytaj oryginał (ang.) |
| Homebuilder Stocks Sink on Worries Trump Tariffs Could Raise Costs |
Shares of several homebuilders and construction companies lost ground Monday on worries that new tariffs could raise building costs. |
investopedia.com |
2025-02-03 20:51:16 |
Czytaj oryginał (ang.) |
| 3 Stocks Down 20% Over the Past Six Months But Wall Street Thinks Will Pop 20% Or More This Year |
Most stocks have experienced a significant downturn in January 2025, with many indices reflecting a decline of around 20%. |
247wallst.com |
2025-02-03 14:09:18 |
Czytaj oryginał (ang.) |
| 5 Relatively Secure And Cheap Dividend Stocks, Yields Upto 8% (February 2025) |
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.67%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 8%. |
seekingalpha.com |
2025-02-01 11:00:00 |
Czytaj oryginał (ang.) |
| Homebuilders Are Drastically Mispriced Given Growth Outlook |
Homebuilder stocks are trading at low multiples despite consensus estimates predicting 22%-82% earnings growth by 2028, indicating potential undervaluation. The U.S. housing market faces an affordability crisis, but long-term undersupply and strong fundamentals make homebuilders attractive investments. Homebuilders have improved margins, low debt, and strong free cash flow, positioning them well for future growth and share buybacks. |
seekingalpha.com |
2025-01-29 20:04:54 |
Czytaj oryginał (ang.) |
| Previously Disclosed Millrose Spin-off Record Date and Election Period for Lennar Stockholders Begins Today |
MIAMI , Jan. 21, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar") is issuing this press release to remind Lennar stockholders that the previously disclosed record date and election period for the taxable spin-off of approximately 80% of the stock of Millrose Properties, Inc. ("Millrose") begins today. On February 7, 2025, each holder of Lennar Class A or Class B common stock as of the close of business today (January 21, 2025) (the "record date") shall receive one share of Millrose Class A common stock for each two shares of Lennar Class A or Class B common stock held of record on the record date. |
prnewswire.com |
2025-01-21 11:00:00 |
Czytaj oryginał (ang.) |
| SDI Realty, Nexus Real Estate Co. Partner to Develop Kroger-Anchored Shopping Center in North Fort Worth |
FORT WORTH, Texas--(BUSINESS WIRE)--Davidson Bogel Real Estate (“DB2RE”) is pleased to announce a new retail shopping center anchored by Kroger (NYSE: KR) in northwest Fort Worth. Houston-based real estate developer, SDI Realty, partnered with Nexus Real Estate Co. to purchase the land. The property is located in northwest Fort Worth, and is surrounded by several new single-family communities. The land was owned by Miami-based Lennar Homes (NYSE: LEN), where they are currently developing a sing. |
businesswire.com |
2025-01-17 15:35:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Up 1.7% Since Last Earnings Report: Can It Continue? |
Lennar (LEN) reported earnings 30 days ago. What's next for the stock? |
zacks.com |
2025-01-17 14:31:13 |
Czytaj oryginał (ang.) |
| Rockhill Capital & Investments Sells 1,800-Acre New Fairview Property to Lennar |
FRISCO, Texas--(BUSINESS WIRE)--North Texas real estate developer Rockhill Capital & Investments today announced the sale of a 1,807-acre property in New Fairview, Texas, to Lennar. Lennar plans to bring over 4,000 homes with additional multifamily units to the site, now called Ranchland, near County Line Road and Farm to Market Road 407. Development is anticipated to begin in the summer of 2025, with new homes available in the summer of 2028, according to Lennar. “At Rockhill, we strive to. |
businesswire.com |
2025-01-15 14:03:00 |
Czytaj oryginał (ang.) |
| Lennar Corporation Declares Quarterly Dividends |
MIAMI , Jan. 14, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on February 12, 2025 to holders of record at the close of business on January 29, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. |
prnewswire.com |
2025-01-14 18:30:00 |
Czytaj oryginał (ang.) |
| Lennar initiated with a Hold at Spin-Off Research |
Spin-Off Research initiated coverage of Lennar with a Hold rating and $131 price target. |
https://thefly.com |
2025-01-09 14:41:24 |
Czytaj oryginał (ang.) |
| Breaking the Mold: 3 Non-Tech Stocks Ready to Surge in 2025 |
Investors have been primarily focused on technology stocks in areas such as artificial intelligence (AI), high-performance computing (HPC), and renewable and nuclear energy. However, other sectors offer compelling opportunities for those seeking a more diversified portfolio. |
marketbeat.com |
2025-01-09 09:30:22 |
Czytaj oryginał (ang.) |
| Lennar Stock Declines 26% in Three Months: Should You Buy the Dip? |
Can LEN stock rebound after a 26% slump? Here's what investors need to know. |
zacks.com |
2025-01-08 18:00:35 |
Czytaj oryginał (ang.) |
| 5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (January 2025) |
5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (January 2025) |
seekingalpha.com |
2025-01-04 10:00:00 |
Czytaj oryginał (ang.) |
| Prediction: These 3 Warren Buffett Stocks Will Be the Biggest Winners in 2025 |
Don't expect Warren Buffett to predict which stocks in Berkshire Hathaway's portfolio will be the biggest winners in 2025. He would be the first to tell you he doesn't know how any given stock will perform over the next 12 months. |
fool.com |
2025-01-02 07:48:00 |
Czytaj oryginał (ang.) |
| Stock Of The Day: Is Home Builder Lennar About To Rally? |
Shares of homebuilder Lennar Corporation LEN are trading higher Tuesday. A new rally may be about to start. |
benzinga.com |
2024-12-31 15:06:16 |
Czytaj oryginał (ang.) |
| Homebuilder stocks are trying to tell us something about the 2025 housing market |
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. |
fastcompany.com |
2024-12-25 06:29:50 |
Czytaj oryginał (ang.) |
| 3 No-Brainer Warren Buffett Stocks to Buy Right Now |
It's the Christmas season. Warren Buffett may not realize it, but he's the Santa Claus of investing. |
fool.com |
2024-12-23 10:00:00 |
Czytaj oryginał (ang.) |
| Lennar price target lowered to $162 from $190 at Goldman Sachs |
Goldman Sachs lowered the firm's price target on Lennar to $162 from $190 and keeps a Neutral rating on the shares. The firm notes the company's weaker start to FY25 but also sees the potential for upside as conditions moderate. Goldman Sachs further cites Lennar management highlighting the ongoing focus on volumes as it looks to reduce construction costs and realize further efficiencies to benefit profitability. |
https://thefly.com |
2024-12-20 19:07:08 |
Czytaj oryginał (ang.) |
| Lennar Corporation (LEN) Q4 2024 Earnings Call Transcript |
Lennar Corporation (NYSE:LEN ) Q4 2024 Results Conference Call December 19, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Fred Rothman - Chief Operating Officer Marshall Ames - Chairman, Lennar Charitable Foundation Conference Call Participants Alan Ratner - Zelman & Associates Michael Rehaut - JP Morgan Stephen Kim - Evercore ISI Trevor Allinson - Wolfe Research Susan Maklari - Goldman Sachs John Lovallo - UBS Operator Welcome to Lennar's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-12-19 16:57:09 |
Czytaj oryginał (ang.) |
| Lennar's Q4 Earnings Results Are Not Looking Great For 2025 |
Lennar Corporation's Q4 and full-year 2024 results missed expectations, with revenues down 9% y/y and EPS down 15% y/y, leading to a 6% share price drop. Management's guidance for Q1 2025 was disappointing, with new orders and deliveries expected to be lower than consensus estimates, reflecting ongoing market challenges. The relationship between Fed rate cuts and mortgage rates is complex, with high 10-year treasury yields and mortgage rates dampening housing market demand. |
seekingalpha.com |
2024-12-19 16:55:43 |
Czytaj oryginał (ang.) |
| LEN's Q4 Earnings & Revenues Miss Estimates, Stock Down on Y/Y Decline |
Lennar's fourth-quarter fiscal 2024 report reflects tepid home deliveries due to increased interest rates and declining home sales margins. |
zacks.com |
2024-12-19 16:15:32 |
Czytaj oryginał (ang.) |
| Stocks on the Move: Vertex Pharma, Shake Shack, Zoom, Lennar and Home Depot |
The CNBC 'Halftime Report' Investment Committee weighs in on 'Stocks on the Move' and their picks. |
youtube.com |
2024-12-19 16:11:22 |
Czytaj oryginał (ang.) |
| Lennar Stock Drops as Earnings, Revenue Miss Esitmates |
Shares of home construction stock Lennar Corp (NYSE:LEN) are 2.7% lower at $141.98 today, and earlier hit an annual bottom of $135.21. |
schaeffersresearch.com |
2024-12-19 13:36:50 |
Czytaj oryginał (ang.) |
| Lennar blames high rates for sales miss but says its home prices also need to fall |
Lennar said higher mortgage rates have hurt sales, but the home builder also acknowledged that it needs to cut prices more to reignite buying. |
marketwatch.com |
2024-12-19 13:07:00 |
Czytaj oryginał (ang.) |
| Home Builder Lennar Stock Falls as High Mortgage Rates Hurt Results |
Shares of Lennar (LEN) fell Thursday, a day after the home builder posted weaker-than-expected results and guidance as high mortgage rates limited sales. |
investopedia.com |
2024-12-19 12:31:32 |
Czytaj oryginał (ang.) |
| Earnings Movers: ACN A.I. Wins, DRI Beat & Raise, LEN Struggles |
Today's top earnings movers highlight consumer trends seen in the markets. Lennar (LEN) continued to show a shaky foundation for homebuilders after reporting a miss. |
youtube.com |
2024-12-19 12:28:35 |
Czytaj oryginał (ang.) |
| Lamb Weston Posts Weak Q2 Results, Joins Micron, Lennar And Other Big Stocks Moving Lower In Thursday's Pre-Market Session |
U.S. stock futures were higher this morning, with the Dow futures gaining over 100 points on Thursday. |
benzinga.com |
2024-12-19 10:29:22 |
Czytaj oryginał (ang.) |
| Lennar: Weak Q4 Results Significantly Dampen The 2025 Outlook (Rating Downgrade) |
Lennar's shares have dropped 25% in three months, with weak earnings and rising mortgage rates further pressuring the stock, now down 10% from its March peak. Q4 deliveries fell 7%, and new orders missed guidance by a significant margin, indicating a dramatic market slowdown due to higher rates. Lennar's strong balance sheet and planned spin-off of land assets into Millrose Properties offer some financial stability, but market uncertainties persist. |
seekingalpha.com |
2024-12-19 03:30:00 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Reports Q4 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-12-18 21:31:23 |
Czytaj oryginał (ang.) |
| Lennar (LEN) Misses Q4 Earnings and Revenue Estimates |
Lennar (LEN) came out with quarterly earnings of $4.03 per share, missing the Zacks Consensus Estimate of $4.16 per share. This compares to earnings of $5.17 per share a year ago. |
zacks.com |
2024-12-18 20:40:22 |
Czytaj oryginał (ang.) |
| Lennar falls on Q4 results |
Alan Ratner, Zelman & Associates managing director, joins 'Closing Bell Overtime' to talk Lennar falling on Q4 results. |
youtube.com |
2024-12-18 19:31:01 |
Czytaj oryginał (ang.) |
| Lennar Reports Fourth Quarter and Fiscal 2024 Results |
2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments) Net earnings of $1.1 billion New orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billion Backlog of 11,633 homes with a dollar value of $5.4 billion Deliveries decreased 7% to 22,206 homes Total revenues of $9.9 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.1% S,G&A expenses as a % of revenues from home sales of 7.2% Net margin on home sales of 14.9% Financial Services operating earnings of $154 million Multifamily operating loss of $0.2 million Lennar Other operating earnings of $0.5 million Homebuilding cash and cash equivalents of $4.7 billion Years supply of owned homesites of 1.1 years and controlled homesites of 82% No outstanding borrowings under the Company's $2.9 billion revolving credit facility Homebuilding debt to total capital of 7.5% Repurchased 3 million shares of Lennar common stock for $521 million In November 2024, the Company entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder, which is expected to close in the first quarter of 2025 2024 Fiscal Year Highlights - comparisons to prior year Net earnings per diluted share of $14.31 ($13.86, excluding mark-to-market gains and other one-time items, (collectively, "adjustments")) Net earnings of $3.9 billion ($3.8 billion excluding adjustments) New orders increased 11% to 76,951 homes Deliveries increased 10% to 80,210 homes Total revenues of $35.4 billion Gross margin on home sales of 22.3%; net margin of 14.9% Redeemed/repurchased $554 million of senior notes Repurchased 13.6 million shares of Lennar common stock for $2.1 billion Homebuilding return on inventory of 29.2% MIAMI , Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2024. Fourth quarter net earnings attributable to Lennar in 2024 were $1.1 billion, or $4.06 per diluted share, compared to $1.4 billion, or $4.82 per diluted share in the fourth quarter of 2023. |
prnewswire.com |
2024-12-18 18:30:00 |
Czytaj oryginał (ang.) |