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

  • Lennar Corporation Q1 2022 earnings infographic

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

Most Popular

FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%

Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted

Key highlights from Darden Restaurants (DRI) Q1 2023 earnings results

Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to

ACN Earnings: Key quarterly highlights from Accenture’s Q4 2022 financial results

Accenture (NYSE: ACN) reported fourth quarter 2022 earnings results today. Total revenues were $15.4 billion, up 15% year-over-year in US dollars and up 22.4% in local currency. Net income attributable

Add Comment
Viewing Highlight