Categories AlphaGraphs, Consumer, Earnings

Earnings: A snapshot of Lennar’s (LEN) Q1 2022 financial results

Lennar Corporation (NYSE: LEN) on Wednesday announced first-quarter 2022 financial results, reporting higher revenues. The top-line also exceeded consensus estimates.

Lennar Corporation Q1 2022 earnings infographic

Net income attributable to the company was $503.6 million or $1.69 per share in the first three months of fiscal 2022, compared to $1.0 billion or $3.20 per share last year. Excluding special items, earnings increased to $2.70 per share from $2.04 per share in the prior-year period.

Revenues increased 16% year-over-year to $6.2 billion during the three-month period, and deliveries rose 2% to 12,538 homes. Analysts were looking for slower top-line growth.

“The impact of supply chain issues and increased cycle times were partially offset by accelerated construction starts. We continue to strategize with our national supply vendors and local trades to minimize these ever-changing challenges and are confident that we will successfully navigate through these unique dynamics,” said Jon Jaffe, co-chief executive officer of Lennar.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Infographic: How Kohl’s Corporation (KSS) performed in Q1 2024

Kohl’s Corporation (NYSE: KSS) reported first quarter 2024 earnings results today. Net sales decreased 5.3% year-over-year to $3.2 billion. Comparable sales decreased 4.4%. Net loss was $27 million, or $0.24

Best Buy Co. (BBY) Q1 2025 earnings rise; comparable sales down 6.1%

Best Buy Co., Inc. (NYSE: BBY), a leading retailer of consumer electronics and related merchandise, reported higher profit for the first quarter of 2025, despite a decline in revenues. First-quarter

HRL Earnings: Key quarterly highlights from Hormel’s Q2 2024 financial results

Hormel Foods Corporation (NYSE: HRL) reported its second quarter 2024 earnings results today. Net sales decreased 3% year-over-year to $2.89 billion. Net earnings attributable to Hormel Foods Corporation were $189.2

Add Comment
Viewing Highlight