Lennar Corp. - Ordinary Shares - Class A

NYSE:LEN   3:59:58 PM EDT
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Other Pre-Announcement

Lennar Reports Third Quarter 2022 Results

Published: 09/21/2022 20:57 GMT
Lennar Corp. - Ordinary Shares - Class A (LEN) - Q3 Earnings per Share Excluding Items $5.18.
Lennar Reports Third Quarter 2022 Results.
Q3 Earnings per Share $5.03.
Q3 Revenue Rose 29 Percent to $8.9 Billion.
Q3 Earnings per Share View $4.88, Revenue View $9.00 Billion -- Refinitiv Ibes Data (analyst estimates).
Quarter-end Backlog of 25,734 Homes - Consistent With Prior Year; Backlog Dollar Value Increased 8% to $12.9 Billion.
Qtrly Deliveries Increased 13% to 17,248 Homes.
Qtrly New Orders Decreased 12% to 14,366 Homes.
Qtrly Home Deliveries Were 17,248, Up 13% Over Last Year.
Sees New Orders of 14,000 - 15,500 in Q4 2022.
Sees Deliveries of 20,000 - 21,000 in Q4 2022.
Qtrly Sales Impacted by Rising Interest Rates, But There Remains National Shortage of Housing, and Demand Remains Strong.
Lennar - Qtrly Sales Been Impacted by Rising Interest Rates, But There Remains Significant National Shortage of Housing, Especially Workforce Housing.