Categories AlphaGraphs, Earnings, Industrials

Lennar Corporation (LEN) Earnings: 1Q23 Key Numbers

Lennar Corporation (NYSE: LEN) reported total revenues of $6.5 billion for the first quarter of 2023, up 5% from the same period a year ago.

Net earnings increased 18% to $597 million while EPS rose 22% to $2.06 compared to last year. Adjusted EPS was $2.12.

Deliveries increased 9% to 13,659 homes while new orders decreased 10% to 14,194 homes in Q1.

For the second quarter of 2023, new orders are expected to range between 16,000-17,000 while deliveries are expected to be 15,000-16,000.

Prior performance

Lennar-Q4-2022-Earnings-Infographic

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

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