Lennar (LEN) Reports Q1 Beat, Provides Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/17/2026
- Generac strikes $8B supply deal with Amazon for data center power
- Wall St ends lower after Fed hikes interest rates, sees more tightening ahead
- Shipping stocks on fire — but cracks are forming in the rate rally
- JPMorgan Fed scenario analysis: 5 paths for the S&P 500 today
- Bernstein on Crypto: 'Clarity fails - what next?'
Lennar's Q1 2022 Operating Performance Reflects Continued Strength in the Housing Market
March 16, 2022 4:30 PM EDTNet earnings per diluted share were $1.69 ($2.70, excluding mark-to-market losses on technology investments) Net earnings were $503.6 million ($800.2 million, excluding mark-to-market losses on technology investments) Revenues increased 16% to $6.2 billion Deliveries increased 2% to 12,538 homes New orders increased 1% to 15,747 homes; new orders dollar value increased 19% to $7.8 billion Backlog increased 24% to 27,335 homes; backlog dollar value increased 43% to $13.6 billion Homebuilding operating earnings increased to $1.1 billion, compared to operating earnings of $0.8 billion Gross margin on home sales improved 190 basis points ("bps") to 26.9% S,G&A expenses as... More
