Lennar Corp. (LEN) Misses Q1 EPS by 2c, Revenues Miss
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Lennar Reports First Quarter EPS of $0.74
March 27, 2019 6:00 AM EDTMIAMI, March 27, 2019 /PRNewswire/ --
Net earnings of $239.9 million, or $0.74 per diluted share, compared to net earnings of $136.2 million, or $0.53 per diluted share Deliveries of 8,820 homes up 30% New orders of 10,463 homes up 24%; new orders dollar value of $4.2 billion up 23% Backlog of 17,259 homes down 2%; backlog dollar value of $7.1 billion down 7% Revenues of $3.9 billion up 30% Homebuilding operating margins of $384.9 million, compared to $258.1 million Gross margin on home sales of 20.1%, compared to 19.5% S,G&A expenses as a % of revenues from home sales of... More