---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-21-025132"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2021-12-15T23:59:59+00:00"
generated_at: "2026-06-28T01:06:59.260230+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lennar Q4 adjusted EPS $4.36 (+55% YoY); gross margin 28%; guides FY22 67k homes

## Summary
- Net earnings $1.2B ($3.91 diluted), up 35%; adjusted EPS $4.36 excluding tech mark-to-market losses.
- Revenue $8.4B (+24%); deliveries 17,819 homes (+11%); backlog 23,771 homes (+26%) valued at $11.4B (+45%).
- Homebuilding gross margin 28.0%, S,G&A 6.0%, net margin 22.0% – all company records.
- FY2022 guidance: ~67,000 deliveries; gross margin 27.0%-27.5%; Q1 deliveries ~12,500; gross margin ~26.75%.
- Repurchased 10M shares for $977M; retired $850M senior notes; debt to capital 18.3% – historic low.

## SEC filing metadata
- accession: 0001628280-21-025132
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2021-12-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828021025132/0001628280-21-025132-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828021025132/len-20211215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-21-025132
- JSON: https://secwatch.observer/filing/0001628280-21-025132.json
- Plain text: https://secwatch.observer/filing/0001628280-21-025132.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.