Lennar Corporation (NYSE: LEN) reported total revenues of $11 billion for the fourth quarter of 2023. This compares to revenues of $10.1 billion reported in the same period last year.
Net earnings attributable to Lennar were $1.4 billion, or $4.82 per share, compared to $1.3 billion, or $4.55 per share last year. Adjusted EPS was $5.17.
New orders increased 32% to 17,366 homes while deliveries increased 19% to 23,795 homes. The company had a backlog of 14,892 homes with a dollar value of $6.6 billion at quarter-end.
For the first quarter of 2024, Lennar expects new orders of 17,500-18,000 and deliveries of 16,500-17,000.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
