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.
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