REFILE-UPDATE 3-Lennar cuts forecast for orders, deliveries citing Hurricane Florence [Reuters (UK)]
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
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Source: Reuters
Lennar cuts forecast for orders, deliveries citing Hurricane Florence | Reuters 3 Min Read (Reuters) - Lennar Corp ( LEN.N ), the No. 2 U.S. homebuilder, cut its forecast for fourth-quarter orders and deliveries on Wednesday, citing the impact of Hurricane Florence and sluggishness in the market. The company’s shares fell 2 percent in afternoon trading and weighed on those of rivals such as D.R. Horton ( DHI.N ) and PulteGroup ( PHM.N ). Hurricane Florence flooded large parts of U.S. Southeast last month, causing billions of dollars in damage. The Miami-based builder expects fourth-quarter deliveries to be 14,500, down from its previous forecast of 15,000, company executives said on a post-earnings call with analysts. It also lowered its orders forecast for the quarter to 11,400 homes from 11,600. In the third quarter, orders, a key indicator of future demand, rose 61.9 percent to 12,319 homes, but missed analysts’ estimate of 12,546 homes, according to Thomson Reuters I/B/E/S. S
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- Lennar Corporation to Broadcast Its Fourth Quarter Earnings Call on December 17, 2025PR Newswire
LEN
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- 9/18/25 - Beat
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Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- LEN's page on the SEC website