secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001628280-22-006393
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennar Q1 adj. EPS $2.70 beats $2.04 YoY; raises FY delivery & margin outlook
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- Net earnings $503.6M ($1.69 diluted); excluding mark-to-market losses on tech investments, adjusted EPS $2.70 vs $2.04 YoY.
- Revenues $6.2B (+16% YoY); homebuilding gross margin 26.9% (+190 bps); net margin 19.4% (+280 bps).
- Repurchased 5.3M shares for $526.3M; Board authorized new $2B share repurchase program.
- Guides Q2 deliveries 16,000-16,300; FY deliveries ~68,000 (up from 67,000); FY gross margin 27.25%-28.0% (up from 27.0%-27.5%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828022006393/0001628280-22-006393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828022006393/len-20220316.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-006393

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer