Lennar Corp. - Ordinary Shares - Class A

NYSE:LEN   3:59:58 PM EDT
101.41
-0.81 (-0.79%)
5:04:58 PM EDT: $101.42 +0.01 (+0.01%)
Other Pre-Announcement

Lennar Reports Q3 EPS Of $4.52

Published: 09/20/2021 21:49 GMT
Lennar Corp. - Ordinary Shares - Class A (LEN) - Lennar Reports Third Quarter EPS of $4.52.
Q3 Earnings per Share $3.27 Excluding Items.
Q3 GAAP Earnings per Share $4.52.
Q3 Revenue $6.9 Billion Versus Refinitiv Ibes Estimate of $6.86 Billion.
Q3 Earnings per Share Estimate $3.28 -- Refinitiv Ibes Data (analyst estimates).
Qtrly New Orders of 16,277 Homes , Up 5%.
Qtrly New Orders Dollar Value of $7.5 Billion - Up 19%.
Revenues From Home Sales Increased 19% in Q3 of 2021 to $6.5 Billion.
Qtrly Deliveries of 15,199 Homes, Up 10%.
Gross Margin on Home Sales Were $1.8 Billion, Or 27.3%, in Q3 of 2021.
Average Sales Price of Homes Delivered Was $428,000 in Q3 of 2021.
at Quarter-end Backlog of 25,819 Homes, Up 31%.
Sees Q4 New Orders of 15,200 - 15,400.
In Quarter, Continued to Experience Unprecedented Supply Chain Challenges Which We Believe Will Continue Into Foreseeable Future.
Sees Q4 Deliveries of About 18,000.