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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%.
Lennar
Lennar
Lennar Revenue by Segment
Revenue by Segment
Homebuilding Revenue
CapyFin.comFinancial Services Revenue
CapyFin.comMultifamily Revenue
CapyFin.comLennar Other Revenue
CapyFin.com 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