News

• Lennar Corp. gained 2.7% to $112.45 after the home builder reported results for the fiscal second quarter of 2025 ending on May 31, citing continued weakness in the market.
  
  Revenue declined to $8.38 billion from $8.76 billion, net earnings edged down to $477.45 million from $954.31 million, and diluted earnings per share fell to $1.81 from $3.45 a year ago.
  
  New orders increased 6% to 22,601 homes, bringing the backlog to 15,538 homes with a value of $6.5 billion.
  
  New home deliveries increased 2% to 20,131 homes in the quarter from 19,690 homes a year earli More
  
  Jun 17, 2025
• Lennar Corp. gained 2.7% to $112.45 after the home builder reported results for the fiscal second quarter of 2025 ending on May 31, citing continued weakness in the market.
  
  Revenue declined to $8.38 billion from $8.76 billion, net earnings edged down to $477.45 million from $954.31 million, and diluted earnings per share fell to $1.81 from $3.45 a year ago.
  
  New orders increased 6% to 22,601 homes, bringing the backlog to 15,538 homes with a value of $6.5 billion.
  
  New home deliveries increased 2% to 20,131 homes in the quarter from 19,690 homes a year earlier, and the average sales price of homes was $389,000, compared to $426,000 in the same quarter last year.
  
  In the second quarter, the company repurchased 4.7 million shares of its stock for $517 million at an average share price of $109.79.
  
  The home builder guided third-quarter new orders and deliveries to be between 22,000 and 23,000 and the average sales price to be between $380,000 and $385,000.
  
  In comparison, new home deliveries in the third quarter of 2024 were 21,516, and the average sales price of homes delivered was $422,000.
  
  The company also estimated financial services operating earnings to be between $175 million and $180 million in the third quarter, compared to $144 million a year earlier. Less
  
  Jun 17, 2025


• Lennar Corp. traded flat at $115.22 after the home builder reported results for the first quarter of fiscal 2025 ending in February.
  
  Revenue increased to $7.63 billion from $7.31 billion, net income dropped to $519.5 million from $719.3 million, and diluted earnings per share fell to $1.96 from $2.57 a year ago.
  
  The company completed the quarter with a backlog of 13,145 homes with a dollar value of $5.8 billion, and home deliveries increased 6% to 17,834 homes.
  
  New orders increased 1% to 18,355 homes, as new orders dollar value decreased 4% to $7.4 billion More
  
  Mar 24, 2025
• Lennar Corp. traded flat at $115.22 after the home builder reported results for the first quarter of fiscal 2025 ending in February.
  
  Revenue increased to $7.63 billion from $7.31 billion, net income dropped to $519.5 million from $719.3 million, and diluted earnings per share fell to $1.96 from $2.57 a year ago.
  
  The company completed the quarter with a backlog of 13,145 homes with a dollar value of $5.8 billion, and home deliveries increased 6% to 17,834 homes.
  
  New orders increased 1% to 18,355 homes, as new orders dollar value decreased 4% to $7.4 billion.
  
  During the quarter, the company repurchased 5.2 million shares for $703 million at an average share price of $134.40.
  
  In February, Lennar completed the taxable spin-off of Millrose Properties Inc. from Lennar through a distribution of approximately 80% of Millrose's stock to Lennar's stockholders.
  
  The company guided for the second quarter of 2025 new orders to be between 22,500 and 23,500 homes, deliveries between 19,500 and 20,500 homes, and the average sales price between $390,000 and $400,000.
  
  The gross margin on home sales is estimated at approximately 18%.
  
  The company expects operating earnings in the financial services segment to be between $135 million and $145 million in the second quarter of 2025, compared to $146 million a year ago.
  
  During the first quarter, operating earnings for the financial services segment were $143 million, compared to $131 million a year ago, helped by increased deliveries. Less
  
  Mar 24, 2025

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