---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-025292"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2022-09-21T23:59:59+00:00"
generated_at: "2026-06-23T08:25:08.211639+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lennar Q3 EPS $5.03 ($5.18 adj) beats; deliveries +13%; guides Q4 deliveries 20k-21k, gross margin 26-27%

## Summary
- Net earnings $1.5B, up 4% YoY; diluted EPS $5.03 vs $4.52; adjusted EPS $5.18, up 58%.
- Homebuilding revenue $8.4B (+30%); deliveries 17,248 (+13%); avg price $491k (+15%).
- Homebuilding gross margin 29.2% (up 190bps); S,G&A ratio 5.8% (record low).
- New orders 14,366 (-12%); backlog dollar value $12.9B (+8%); controlled homesites 63% vs 53%.
- Retired $575M senior notes due Nov 2022; no revolver borrowings; debt-to-capital 15.0% (record low).

## SEC filing metadata
- accession: 0001628280-22-025292
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2022-09-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828022025292/0001628280-22-025292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828022025292/len-20220921.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-025292
- JSON: https://secwatch.observer/filing/0001628280-22-025292.json
- Plain text: https://secwatch.observer/filing/0001628280-22-025292.txt

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