Lennar Corp. (LEN) Tops Q3 EPS by 14c
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Lennar Reports Fourth Quarter and Fiscal 2022 Results
December 14, 2022 5:00 PM EST2022 Fourth Quarter Highlights comparisons to the prior year quarter
Net earnings per diluted share increased 16% to $4.55Increased 15% to $5.02, excluding mark-to-market adjustments on technology investments, homebuilding impairments and deposit write-offs (collectively, "adjustments")Net earnings increased 11% to $1.3 billionIncreased 10% to $1.5 billion, excluding adjustmentsDeliveries increased 13% to 20,064 homesNew orders decreased 15% to 13,200 homes; new orders dollar value decreased 24% to $5.5 billionBacklog decreased 21% to 18,869 homes; backlog dollar value decreased 23% to $8.7 billionTotal revenues increased 21% to $10.2 billionHomebuilding operating earnings increased 4% to... More