Lennar Corp. (LEN) Tops Q1 EPS by 43c, Revenues Beat
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Lennar Reports First Quarter EPS of $1.27
March 19, 2020 6:00 AM EDTMIAMI, March 19, 2020 /PRNewswire/ --
Net earnings of $398.5 million, or $1.27 per diluted share, compared to net earnings of $239.9 million, or $0.74 per diluted share Deliveries of 10,321 homes up 17% New orders of 12,376 homes up 18%; new orders dollar value of $5.0 billion up 20% Backlog of 17,632 homes up 2%; backlog dollar value of $7.2 billion up 1% Revenues of $4.5 billion up 16% Homebuilding operating margins of $474.3 million, compared to $384.9 million Gross margin on home sales of 20.5%, compared to 20.1% S,G&A expenses as a % of revenues from home sales of 9.2%,... More