Lennar Corp. - Ordinary Shares - Class A

NYSE:LEN   3:59:57 PM EDT
108.17
-0.37 (-0.34%)
Earnings Announcements

Lennar Reports Q4 EPS Of $3.91

Published: 12/15/2021 22:40 GMT
Lennar Corp. - Ordinary Shares - Class A (LEN) - Lennar Reports Fourth Quarter and Fiscal 2021 Results.
Q4 Earnings per Share $3.91.
Revenues From Home Sales Increased 26% in Q4 of 2021 to $8.0 Billion From $6.3 Billion in Q4 of 2020.
Average Sales Price of Homes Delivered Was $448,000 in Q4 of 2021, Compared to $393,000 in Q4 of 2020.
Gross Margins on Home Sales Were $2.2 Billion, Or 28.0%, in Q4 of 2021, Compared to $1.6 Billion, Or 25.0%, in Q4 of 2020.
Qtrly Deliveries Increased 11% to 17,819 Homes.
Qtrly New Orders Increased 2% to 15,539 Homes.
Qtrly New Orders Dollar Value Increased 16% to $7.3 Billion.
In Quarter Backlog Increased 26% to 23,771 Homes; Backlog Dollar Value Increased 45% to $11.4 Billion.
Qtrly Revenues Increased 24% to $8.4 Billion.
Sees First Quarter 2022 New Orders 14,800 - 15,100.
Sees First Quarter 2022 Deliveries About 12,500.
Sees Fiscal Year 2022 Deliveries About 67,000.
Q4 Earnings per Share View $4.15, Revenue View $8.28 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $6.17 Billion
Adjusted EPS is expected to be $2.64

Next Quarter Revenue Guidance is expected to be $7.84 Billion
Next Quarter EPS Guidance is expected to be $3.75

More details on our Analysts Page.