Categories AlphaGraphs, Consumer, Earnings
Earnings: A snapshot of Lennar’s (LEN) Q2 2022 financial results
Lennar Corporation (NYSE: LEN) on Tuesday announced second-quarter 2022 financial results, reporting higher revenues and earnings. The results also exceeded consensus estimates.
Net income attributable to the company was $1.32 billion or $4.49 per share in the second quarter, compared to $831.4 million or $2.65 per share last year. Excluding special items, earnings increased to $4.69 per share from $2.95 per share in the prior-year period.
Revenues increased 30% year-over-year to $8.4 billion during the three-month period, and deliveries rose 14% to 16,549 homes. Analysts were looking for slower top-line growth.
Read management/analysts’ comments on quarterly results
“During the quarter, our homebuilding machine continued to be intensely focused on production. Our cycle time during the quarter increased only slightly sequentially so it appears that the well-documented supply chain issues have started to subside. Our quarterly starts and sales pace remained strong at 6.2 homes and 5.0 homes per community, respectively, in the second quarter,” said Jon Jaffe, co-chief executive officer of Lennar.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Tyson Foods (TSN) Q2 2024 Earnings: Key financials and quarterly highlights
Tyson Foods, Inc. (NYSE: TSN) reported second quarter 2024 earnings results today. Sales dipped slightly to $13.07 billion from $13.1 billion in the same period a year ago. Net income
After mixed Q2, what awaits Apple (AAPL) in the second half?
Apple’s (NASDAQ: AAPL) stock rallied this week after the gadget giant reported stronger-than-expected Q2 results and announced the largest-ever share buyback program. The company is investing heavily in the business,
What to expect when Tyson Foods (TSN) reports Q2 2024 earnings results
Shares of Tyson Foods, Inc. (NYSE: TSN) stayed green on Friday. The stock has gained 8% over the past three months. The branded foods company is slated to report its