Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Equity in earnings (loss) from unconsolidated entities, and other gain

Other expense, net

Lennar Other realized and unrealized gain (loss)

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lennar

Lennar Corp. is a homebuilder company which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name. In addition, the company's homebuilding operations purchase, develop, and sell land to third parties. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes strategic investments in technology companies. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lennar manages market challenges, eyes growth through strategic initiatives

Lennar tackled market challenges with a focus on volume and cash flow.
Strong balance sheet and liquidity position the company well for growth.
Challenges include market volatility, pricing pressures, and supply shortages.
Opportunities lie in optimizing assets, strategic cash management, and proactive risk mitigation.

Lennar reports strong Q2 results, eyes growth through affordability

Lennar's Q2 performance showcased strength in financial services, cost management, and balance sheet improvements.
Challenges include moderating rental rates, supply chain disruptions, and maintaining cash flow amidst reduced owned lots.
Opportunities for growth through strategic partnerships, market share expansion, and capital allocation strategies are key focus areas.
Overall, Lennar's focus on production consistency, affordability, and strategic growth positions it well for future success.

Lennar reports strong Q3 results, eyes community growth opportunities

Lennar's strong Q3 performance reflects increased home starts, sales, and improved margins.
The company's focus on production efficiency, cost reduction, and land acquisitions is driving profitability.
Challenges include managing pricing dynamics and balancing returns versus growth.
Opportunities lie in community count growth, potential Quarterra plans revival, and strategic initiatives for cash flow.

Lennar delivers strong Q4 results, eyes growth through volume

Lennar's Q4 performance showcased growth in home deliveries and a strong financial position. The company's strategic focus on volume and efficiency drives market share gains. Challenges include managing negative leverage and interest rate impacts.

Lennar excels in Q1, addresses affordability challenges with innovation

Lennar's strong performance in Q1 driven by volume and margin improvements
Balanced focus on efficiency, affordability, and financial strength
Challenges include affordability concerns and market volatility
Opportunities lie in innovative housing solutions and strategic financial moves

Lennar Q2 2024: Strong Margins, Asset-Light Strategy Progress

Lennar's Q2 2024 earnings call highlighted strong operational and financial performance, with significant progress in their transition to an asset-light business model. The company is navigating macroeconomic challenges effectively, while strategic initiatives like the land asset spin-off present new growth opportunities. Continued focus on operational efficiency and strategic asset management is expected to sustain Lennar's market leadership.

Lennar reports strong Q3 earnings and growth outlook amidst challenges

Lennar's Q3 performance reflects strong earnings in key segments and a robust cash position, setting a positive tone for future growth.
While facing challenges like housing shortages and margin fluctuations, Lennar's strategic initiatives and market positioning offer opportunities for long-term success.
Efforts to enhance affordability and operational efficiency position Lennar well to navigate market dynamics and drive sustainable growth in the housing sector.

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SG&A

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Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

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J.P. Morgan Securities downgraded Lennar Corporation (NYSE:LEN) to "neutral" from "overweight" earlier today.

Analyst: Lennar Stock Faces Multiple Headwinds

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Home builder, real estate services stocks surge on surprise jump in new home sales

Lennar is currently recording record quarter after record quarter, as demand has been exceeding supply. Fears of a recession and higher mortgage rates have pummeled the stock to where it now trades below 4x forward earnings.

Mr. Market Is Too Pessimistic On Lennar At Current Prices

I start this article by looking into the health of the housing market as higher rates, high inflation, an aggressive Fed, and supply chain issues turn into headwinds. Lennar is focusing on margins as it works on its backlog, as it clearly feels the pressure from slowing housing growth.

Lennar And The Housing Market - A Closer Look

Lennar Corporation (NYSE:LEN ) Q2 2022 Earnings Conference Call June 21, 2022 11:00 AM ET Company Participants Alexandra Lumpkin - Deputy General Counsel Stuart Miller - Executive Chairman Rick Beckwitt - Co-Chief Executive Officer & President Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - CFO Conference Call Participants Stephen Kim - Evercore ISI Buck Horne - Raymond James Truman Patterson - Wolfe Research Alan Ratner - Zelman & Associates Mike Rehaut - JPMorgan Susan Maklari - Goldman Sachs Operator Welcome to Lennar's Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Lennar Corporation (LEN) CEO Rick Beckwitt on Q2 2022 Results - Earnings Call Transcript

Lennar Corporation (NYSE: LEN) is up 5.0% on Tuesday after the homebuilder reported solid results for its fiscal second quarter in the face of inflationary pressures. Executive chairman's remarks on CNBC Lennar homes, on average, were priced 17% higher in the recent quarter but Executive Chairman Stuart Miller reiterated the company's commitment to affordability.

Lennar Corp reports a strong Q2: ‘we're focused on affordability'

Benefits from higher pricing and operating leverage and cost control help Lennar (LEN) post better-than-expected fiscal Q2 earnings amid supply chain woes.

Lennar (LEN) Shares Rise on Q2 Earnings & Revenue Beat

Shares of home builders got a broad lift in morning trading Tuesday, as data on existing home sales assuaged some investor fears, for now, by meeting expectations. The iShares U.S. Home Construction ETF ETF, rallied 2.7% in morning trading, after being up about 1.4% just prior to the release of the data, while the Dow Jones Industrial Average DJIA, +1.74% rose 565 points, or 1.9%.

Home builder stocks enjoy a broad lift after housing data

Lennar Corp (NYSE: LEN) reported second-quarter FY22 sales growth of 30% year-on-year to $8.36 billion, beating the consensus of $8.11 billion. Homebuilding revenues rose 33% Y/Y.

Read How Homebuilder Lennar Fared In Q2

Lennar (NYSE: LEN) reported a fantastic 2nd quarter but there are signs with the report that makes us think we've reached a peak in the housing market. The company's New Orders and Backlog suggest that not only are sales slowing under the weight of rising prices and higher interest rates but the company's ability to meet the demand is also flagging.

Don't Get Too Bullish On Lennar Even Though It's A Good Buy

The house builder said gross margin on home sales improved to 23.4% from 18.6%, even as materials costs and wages increased.

Lennar's Stock Rises After Earnings Beat

Homebuilder Lennar Corp said on Tuesday surging interest rates and home prices are driving consumers in many markets to reconsider buying homes.

Lennar says home buying under pressure from high interest rates

Shares of Lennar Corp. LEN, +0.22% were indicated up more than 5% in premarket trading Tuesday, after the homebuilder reported fiscal second-quarter profit, revenue and new orders that beat expectations, with gross margins improving despite higher materials and wage costs. Net income rose to $1.32 billion, or $4.49 a share, from $831.4 million, or $2.65 a share, in the year-ago period.

Lennar stock set to surge after profit, revenue and new orders rise above expectations

2022 Second Quarter Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 69% to $4.49 Increased 59% to $4.69, excluding mark-to-market losses on technology investments in both years and the gain on the sale of the Company's residential solar business in the prior year Net earnings increased 59% to $1.3 billion Increased 49% to $1.4 billion, excluding mark-to-market losses on technology investments in both years and the gain on the sale of the Company's residential solar business in the prior year Deliveries increased 14% to 16,549 homes New orders increased 4% to 17,792 homes; new orders dollar value increased 20% to $9.1 billion Backlog increased 16% to 28,624 homes; backlog dollar value increased 33% to $14.7 billion Total revenues increased 30% to $8.4 billion Homebuilding operating earnings increased to $1.9 billion, compared to operating earnings of $1.1 billion Gross margin on home sales improved 340 basis points ("bps") to 29.5% S,G&A expenses as a % of revenues from home sales improved 150 bps to 6.1% Net margin on home sales improved 490 bps to 23.4% Financial Services operating earnings of $103.9 million, compared to operating earnings of $121.3 million Multifamily operating earnings of $0.7 million, compared to operating earnings of $22.4 million Lennar Other operating loss of $108.4 million, compared to operating loss of $54.1 million Homebuilding cash and cash equivalents of $1.3 billion Controlled homesites increased to 62%, compared to 50% No borrowings under the Company's $2.575 billion revolving credit facility Homebuilding debt to total capital improved to 17.7%, compared to 23.1% Repurchased 4.1 million shares of Lennar common stock for $320.6 million MIAMI , June 21, 2022 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its second quarter ended May 31, 2022. Second quarter net earnings attributable to Lennar in 2022 were $1.3 billion, or $4.49 per diluted share, compared to second quarter net earnings attributable to Lennar in 2021 of $831.4 million, or $2.65 per diluted share.

Lennar Reports Second Quarter 2022 Results

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Some of the stocks that may grab investor focus today are: Wall Street expects Lennar Corporation (NYSE: LEN) to report quarterly earnings at $3.98 per share on revenue of $8.16 billion before the opening bell. Lennar shares rose 0.4% to $64.86 in after-hours trading.

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Higher pricing and operating leverage, given prudent investments in technology, are likely to have aided Lennar's (LEN) fiscal Q2 performance.

Lennar (LEN) to Report Q2 Earnings: Key Factors to Note

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News for Lennar Stock (LEN)