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-0.00200443084713575 -0.00371136195801242 0.00221542356788684 0.00173541512817812 -0.00232091992826246 0.000843970883004518 0.000369237261314449 0.000949467243380139
Stock impact report

Lennar Q1 Earnings Call Highlights [Yahoo! Finance]

Lennar Corporation Class A (LEN) 
Last lennar corporation class a earnings: 3/19 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.lennar.com
Company Research Source: Yahoo! Finance
Q1 results with an average sales price of $374,000 (down 8% y/y), sales incentives at ~14%, a 15.2% gross margin , net income of $229 million and EPS of $0.93. Operational improvements are driving cost reductions and faster builds—direct costs are down ~12% versus two years ago, cycle time for detached homes fell to 122 days, and inventory was cut from nearly $20 billion to about $10.5 billion, with inventory turn at 2.5x. Lennar remains asset-light (less than 5% land owned), controls 497,000 homesites, ended the quarter with $2.1 billion cash and $5.2 billion total liquidity, returned capital via $237 million buybacks and $123 million dividends, and guided Q2 to 21k–22k new orders, 20k–21k deliveries, ASP $370k–$375k and EPS $1.10–$1.40 (full-year delivery target 85,000 homes). Interested in Lennar Corporation? Here are five stocks we like better. Here's Who Wins If Trump's 50-Year Mortgages Come to Market Lennar (NYSE:LEN) executives said the homebuilder is prioritizing co Show less Read more
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