secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001628280-22-017567
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennar Q2 EPS $4.49 beats prior year $2.65; deliveries up 14%; guides Q3 deliveries 17,000-18,500
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- Net earnings $1.3B ($4.49/diluted) vs $831.4M ($2.65) YoY; adjusted EPS $4.69.
- Home deliveries 16,549 (+14%); new orders 17,792 (+4%); backlog 28,624 (+16%).
- Homebuilding gross margin improved 340bps to 29.5%; net margin improved 490bps to 23.4%.
- Repurchased 4.1M shares for $320.6M at avg $78.20/share.
- Q3 guidance: deliveries 17,000-18,500; gross margin 28.5%-29.5%; no full-year EPS guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828022017567/0001628280-22-017567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828022017567/len-20220621.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-017567

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