Categories Earnings, Industrials

Lennar Corporation (LEN): Q4 2019 Earnings Snapshot

— Lennar Corporation (NYSE: LEN) reported Q4 2019 earnings of $2.13 per share, vs. $1.90 expected.

— Revenues grew 8% to $7 billion, vs. $6.5 billion expected.

— Deliveries rose 16% to 16,420 homes.

— New orders were up 23% to 13,089 homes.  

— New orders dollar value grew 23% to $5.2 billion.

— Backlog totaled 15,577 homes.

— Backlog dollar value fell 4% to $6.3 billion.

— Revenues from home sales increased 8% to $6.4 billion.

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