Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Equity in earnings (loss) from unconsolidated entities, and other gain

Other expense, net

Lennar Other realized and unrealized gain (loss)

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lennar

Lennar Corp. is a homebuilder company which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name. In addition, the company's homebuilding operations purchase, develop, and sell land to third parties. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes strategic investments in technology companies. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lennar manages market challenges, eyes growth through strategic initiatives

Lennar tackled market challenges with a focus on volume and cash flow.
Strong balance sheet and liquidity position the company well for growth.
Challenges include market volatility, pricing pressures, and supply shortages.
Opportunities lie in optimizing assets, strategic cash management, and proactive risk mitigation.

Lennar reports strong Q2 results, eyes growth through affordability

Lennar's Q2 performance showcased strength in financial services, cost management, and balance sheet improvements.
Challenges include moderating rental rates, supply chain disruptions, and maintaining cash flow amidst reduced owned lots.
Opportunities for growth through strategic partnerships, market share expansion, and capital allocation strategies are key focus areas.
Overall, Lennar's focus on production consistency, affordability, and strategic growth positions it well for future success.

Lennar reports strong Q3 results, eyes community growth opportunities

Lennar's strong Q3 performance reflects increased home starts, sales, and improved margins.
The company's focus on production efficiency, cost reduction, and land acquisitions is driving profitability.
Challenges include managing pricing dynamics and balancing returns versus growth.
Opportunities lie in community count growth, potential Quarterra plans revival, and strategic initiatives for cash flow.

Lennar delivers strong Q4 results, eyes growth through volume

Lennar's Q4 performance showcased growth in home deliveries and a strong financial position. The company's strategic focus on volume and efficiency drives market share gains. Challenges include managing negative leverage and interest rate impacts.

Lennar excels in Q1, addresses affordability challenges with innovation

Lennar's strong performance in Q1 driven by volume and margin improvements
Balanced focus on efficiency, affordability, and financial strength
Challenges include affordability concerns and market volatility
Opportunities lie in innovative housing solutions and strategic financial moves

Lennar Q2 2024: Strong Margins, Asset-Light Strategy Progress

Lennar's Q2 2024 earnings call highlighted strong operational and financial performance, with significant progress in their transition to an asset-light business model. The company is navigating macroeconomic challenges effectively, while strategic initiatives like the land asset spin-off present new growth opportunities. Continued focus on operational efficiency and strategic asset management is expected to sustain Lennar's market leadership.

Lennar reports strong Q3 earnings and growth outlook amidst challenges

Lennar's Q3 performance reflects strong earnings in key segments and a robust cash position, setting a positive tone for future growth.
While facing challenges like housing shortages and margin fluctuations, Lennar's strategic initiatives and market positioning offer opportunities for long-term success.
Efforts to enhance affordability and operational efficiency position Lennar well to navigate market dynamics and drive sustainable growth in the housing sector.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

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Mortgage rates should keep falling, boosting home-builder stocks, analysts say

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Not the Cool Kids

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This article is part of our monthly series where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms. It's always a good idea to keep your wish list ready by separating the wheat from the chaff.

5 Relatively Safe And Cheap Dividend Stocks To Invest In - January 2023

Rising mortgage rates and affordability issues are potent headwinds for Lennar (LEN).

Will Lennar (LEN) Be Able to Regain in 2023 Amid Challenges?

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In the face of a harsh environment wrought with headwinds Lennar remains resilient. We estimate trough earnings to get a sense for long term cyclical adjusted earnings runrate.

Lennar Just Keeps Building

Lennar Corporation (NYSE:LEN ) Q4 2022 Results Conference Call December 15, 2022 11:00 AM ET Company Participants Alexandra Lumpkin - Deputy General Counsel Stuart Miller - Executive Chairman Rick Beckwitt - Co-CEO and Co-President Jon Jaffe - Co-CEO and Co-President Diane Bessette - CFO David Collins - Controller and VP Bruce Gross - CEO, Lennar Financial Services Conference Call Participants Stephen Kim - Evercore ISI Susan Maklari - Goldman Sachs Ken Zener - KeyBanc Matthew Bouley - Barclays Truman Patterson - Wolf Research Alan Ratner - Zelman and Associates Mike Rehaut - JPMorgan Welcome to Lennar's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Lennar Corporation (LEN) Q4 2022 Earnings Call Transcript

Lennar's (LEN) fourth-quarter fiscal 2022 results benefits from increased revenues in Homebuilding segment.

Lennar (LEN) Q4 Earnings Beat, Revenues Miss, Stock Down

Lennar Homes had a great Q4 but the new orders and guidance suggest a downturn is coming that could weigh on share prices well into 2023.

This is no Time to Buy Lennar but the Time is Coming

The home builder forecasts a new home order range of 12,000 to 13,500 for its 2023 fiscal first quarter.

Lennar Stock Falls on Home Orders Slowdown

Lennar Corp   (NYSE:LEN) yesterday shared a fourth-quarter earnings miss, though revenue came in slightly above Wall Street's expectations.

Lennar Stock Slips on Dire Forecast, Earnings Miss

Lennar (LEN) delivered earnings and revenue surprises of 2.03% and 0.67%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?

Lennar (LEN) Q4 Earnings Top Estimates

Homebuilder Lennar Corp on Wednesday forecast a slowdown in new orders for the first quarter as high mortgage rates make properties unaffordable for some buyers.

Lennar forecasts slowdown in orders for new homes, shares fall

2022 Fourth Quarter  Highlights – comparisons to the prior year quarter Net earnings per diluted share increased 16% to $4.55 Increased 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 billion Increased 10% to $1.5 billion, excluding adjustments Deliveries increased 13% to 20,064 homes New orders decreased 15% to 13,200 homes; new orders dollar value decreased 24% to $5.5 billion Backlog decreased 21% to 18,869 homes; backlog dollar value decreased 23% to $8.7 billion Total revenues increased 21% to $10.2 billion Homebuilding operating earnings increased 4% to $1.8 billion Gross margin on home sales of 24.8% Pre-impairment gross margin on home sales of 25.3% - down 270 basis points ("bps") S,G&A expenses as a % of revenues from home sales improved 20 bps to 5.8% Net margin on home sales of 19.0% Financial Services operating earnings of $124.8 million, compared to operating earnings of $111.2 million Multifamily operating earnings of $14.8 million, compared to operating earnings of $9.3 million Lennar Other operating loss of $106.1 million, compared to operating loss of $176.2 million Homebuilding cash and cash equivalents of $4.6 billion Years supply of owned homesites improved to 2.5 years, compared to 3.0 years Controlled homesites increased to 63%, compared to 59% No outstanding borrowings under the Company's $2.6 billion revolving credit facility Homebuilding debt to total capital improved to 14.4%, compared to 18.3% 2022 Fiscal Year  Highlights – comparisons to the prior year Net earnings, deliveries and revenues for 2022 were the highest in the Company's history Net earnings per diluted share increased 10% to $15.72 Increased 38% to $17.91, excluding adjustments Net earnings increased 4% to $4.6 billion Increased 29% to $5.2 billion, excluding adjustments Deliveries increased 11% to 66,399 homes New orders decreased 5% to 61,105 homes Total revenues increased 24% to $33.7 billion Net margin on home sales improved 170 bps to 21.4 % Retired early $575 million of homebuilding senior notes due November 2022 Repurchased 11 million shares of Lennar common stock for $967.4 million MIAMI , Dec. 14, 2022 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its fourth quarter and fiscal year ended November 30, 2022. Fourth quarter net earnings attributable to Lennar in 2022 were $1.3 billion, or $4.55 per diluted share, compared to $1.2 billion, or $3.91 per diluted share in the fourth quarter of 2021.

Lennar Reports Fourth Quarter and Fiscal 2022 Results

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Earnings Previews: Jabil, Lennar, Planet Labs, Trip.com

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This article will focus on DGI stocks that are likely to provide a high rate of dividend growth rather than a high current yield. High-growth dividend stocks are particularly suited for folks who are in the accumulation phase and are several years away from retirement.

Top 10 Dividend Growth Stocks For December 2022

Lennar (LEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lennar (LEN) Reports Next Week: Wall Street Expects Earnings Growth

We remain long the stock through call debit spreads. Our cost basis is $81.61.

Lennar: Steady As She Goes

News for Lennar Stock (LEN)