Loading...
•
Aug 31, 2022
Lennar Q3 2022 Earnings Report
Lennar reported earnings increase in Q3 2022 compared to the prior year quarter.
Key Takeaways
Lennar Corporation reported a strong third quarter with net earnings of $1.5 billion, or $5.03 per diluted share. Excluding mark-to-market gains (losses) on technology investments and one-time items, third quarter net earnings attributable to Lennar in 2022 were $1.5 billion, or $5.18 per diluted share. Home deliveries increased by 13% to 17,248 homes, and total revenues increased by 29% to $8.9 billion.
Net earnings per diluted share increased 11% to $5.03.
Total revenues increased 29% to $8.9 billion.
Deliveries increased 13% to 17,248 homes.
Homebuilding debt to total capital improved to 15.0%.
Revenue by Segment
Forward Guidance
For the fourth quarter, Lennar expects deliveries between 20,000 to 21,000 homes and gross margins between 26.0% – 27.0%.
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
Loading earnings performance data...
Loading earnings reaction data...