Lennar Corp. - Ordinary Shares - Class A

NYSE:LEN   3:59:52 PM EDT
105.95
+0.80 (+0.76%)
Other Pre-Announcement

Lennar Reports Q2 Earnings Per Share of $2.95 Excluding Items

Published: 06/16/2021 21:20 GMT
Lennar Corp. - Ordinary Shares - Class A (LEN) - Lennar Reports Second Quarter EPS of $2.65.
Q2 Earnings per Share $2.95 Excluding Items.
Q2 Earnings per Share $2.65.
Q2 Revenue $6.4 Billion Versus Refinitiv Ibes Estimate of $5.91 Billion.
Q2 Earnings per Share Estimate $2.36 -- Refinitiv Ibes Data (analyst estimates).
Qtrly New Orders of 17,157 Homes - Up 32%.
Qtrly Deliveries of 14,493 Homes, Up 14%.
Qtrly New Orders Dollar Value of $7.6 Billion - Up 56%.
Gross Margin on Home Sales Were $1.6 Billion, Or 26.1%, in Q2 of 2021.
Average Sales Price of Homes Delivered Was $414,000 in Q2 of 2021.
Quarter-end Backlog of 24,741 Homes, Up 38%; Backlog Dollar Value of $11.0 Billion, Up 56%.
Revenues From Home Sales Increased 21% in Q2 of 2021 to $6.0 Billion.
Sees Q3 2021 New Orders of 16,000 - 16,300.
Sees Q3 2021 Deliveries 15,800 - 16,100.
Sees Q3 2021 Average Sales Price $420,000 - $425,000.
Sees FY 2021 Deliveries 62,000 - 64,000.
Sees FY 2021 Average Sales Price$420,000.