Lennar Corp. (LEN) Tops Q4 EPS by 57c
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Lennar Reports First Quarter 2023 Results
March 14, 2023 4:30 PM EDTÂ Â Â Â Â Â First Quarter 2023 Highlights - comparisons to the prior year quarter
Net earnings per diluted share increased 22% to $2.06Decreased 21% to $2.12, excluding mark-to-market losses on technology investments in both yearsNet earnings increased 18% to $597 millionDecreased 23% to $615 million, excluding mark-to-market losses on technology investments in both yearsDeliveries increased 9% to 13,659 homesNew orders decreased 10% to 14,194 homes; new orders dollar value decreased 18% to $6.4 billionBacklog decreased 29% to 19,403 homes; backlog dollar value decreased 33% to $9.0 billionTotal revenues increased 5% to $6.5 billionHomebuilding operating earnings decreased to $907... More