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
Richtech’s mission is to transform the service industry through collaborative robotic solutions: President
Richtech Robotics Inc. (NASDAQ: RR) is a leading provider of robotic solutions, developing, manufacturing, and deploying novel products needed for automation in the service industry. The company's solutions include delivery,
What to expect when Darden Restaurants reports Q1 results
Darden Restaurants, Inc. (NYSE: DRI) is scheduled to release its first-quarter report on September 19, with analysts forecasting a year-over-year increase in sales and profit. The market will be keeping a
Oracle (ORCL) sees continued strong revenue growth in FY25
Oracle Corporation (NYSE: ORCL) started the new fiscal year on a high note with stronger-than-expected first-quarter results, driving the stock higher soon after the announcement. The tech giant’s earnings and
