Lennar reports third quarter 2024 results

Third quarter 2024 highlights - comparisons to the prior year quarter net earnings per diluted share increased 10% to $4.26 $3.90, excluding mark-to-market gains on technology investments and one-time items in the company's multifamily segment net earnings increased 5% to $1.2 billion new orders increased 5% to 20,587 homes backlog of 16,944 homes with a dollar value of $7.7 billion deliveries increased 16% to 21,516 homes total revenues of $9.4 billion homebuilding operating earnings of $1.5 billion gross margin on home sales of 22.5% s,g&a expenses as a % of revenues from home sales of 6.7% net margin on home sales of 15.8% financial services operating earnings of $144 million multifamily operating earnings of $79 million lennar other operating earnings of $20 million homebuilding cash and cash equivalents of $4.0 billion years supply of owned homesites of 1.1 years and controlled homesites of 81% no outstanding borrowings under the company's $2.2 billion revolving credit facility homebuilding debt to total capital of 7.6% repurchased 3.4 million shares of lennar common stock for $519 million miami , sept. 19, 2024 /prnewswire/ -- lennar corporation (nyse: len and len.b), one of the nation's leading homebuilders, today reported results for its third quarter ended august 31, 2024.
LEN-B Ratings Summary
LEN-B Quant Ranking