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Feb 29, 2020
Lennar Q1 2020 Earnings Report
Lennar reported first quarter results, exceeding expectations across key metrics. However, guidance was suspended due to widespread shutdowns.
Key Takeaways
Lennar Corporation reported a strong first quarter with significant increases in deliveries, new orders, and revenue. Net earnings attributable to Lennar were $398.5 million, or $1.27 per diluted share, compared to $239.9 million, or $0.74 per diluted share in the prior year. The company has suspended guidance due to the economic uncertainty.
Net earnings per diluted share increased to $1.27 from $0.74.
Home deliveries rose by 17% to 10,321 homes.
New orders increased by 18% to 12,376 homes, with a dollar value of $5.0 billion, up 20%.
Total revenues increased by 16% to $4.5 billion.
Revenue by Segment
Forward Guidance
Lennar has suspended its forward guidance due to the economic uncertainty caused by widespread shutdowns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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