secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0001628280-21-025132
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828021025132/0001628280-21-025132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828021025132/len-20211215.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-025132

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