{"schema_version":"secwatch.filing_event.v1","accession":"0000920760-25-000003","form_type":"8-K","ticker":"LEN","cik":"0000920760","company_name":"LENNAR CORP /NEW/","filed_at":"2025-09-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.704215+00:00","generated_at":"2026-05-17T06:10:57.685436+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Lennar Q3 EPS $2.29; orders up 12% but margins compress; guides Q4 deliveries 22K-23K","bullets":["Net earnings $591M, diluted EPS $2.29; adjusted EPS $2.00 excluding $99M mark-to-market gains.","Deliveries flat at 21,584 homes; new orders rose 12% to 23,004. ASP fell 9% to $383K.","Homebuilding revenue $8.2B (-9% YoY); gross margin 17.5% vs 22.5% a year ago due to higher incentives and land costs.","SG&A as % of home sales 8.2% (up from 6.7%) on lower leverage and higher marketing. Homebuilding operating earnings $760M.","Q4 guidance: deliveries 22K-23K, new orders 20K-21K, gross margin ~17.5%. Repurchased 4.1M shares for $507M."],"urls":{"canonical":"https://secwatch.observer/filing/0000920760-25-000003","json":"https://secwatch.observer/filing/0000920760-25-000003.json","markdown":"https://secwatch.observer/filing/0000920760-25-000003.md","text":"https://secwatch.observer/filing/0000920760-25-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/920760/000092076025000003/0000920760-25-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920760/000092076025000003/len-20250918.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:10:57.685436+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}