{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-031933","form_type":"8-K","ticker":"LEN","cik":"0000920760","company_name":"LENNAR CORP /NEW/","filed_at":"2022-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.046625+00:00","generated_at":"2026-06-21T05:07:52.528659+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lennar Q4 EPS $4.55 (+16% YoY); FY 2023 deliveries seen 60K-65K, gross margin ~21%","bullets":["Q4 diluted EPS $4.55 vs $3.91 YoY; adjusted EPS $5.02 vs $4.36, both up double-digit.","Deliveries Q4 20,064 (+13%); new orders 13,200 (-15%); backlog 18,869 (-21%).","Homebuilding gross margin 24.8% (pre-impairment 25.3%), down 270 bps YoY on higher costs and incentives.","Homebuilding debt-to-capital improved to 14.4% (lowest ever); liquidity $7.2B with no revolver borrowings.","Q1 FY2023 guidance: deliveries 12,000-13,500, gross margin ~21%; FY2023 deliveries 60,000-65,000."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-031933","json":"https://secwatch.observer/filing/0001628280-22-031933.json","markdown":"https://secwatch.observer/filing/0001628280-22-031933.md","text":"https://secwatch.observer/filing/0001628280-22-031933.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/920760/000162828022031933/0001628280-22-031933-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920760/000162828022031933/len-20221214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T05:07:52.528659+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0068e5c88d2f370ca50872e4c2b6598b81e00a33","claim":"LENNAR CORP /NEW/ reported the fourth quarter ended November 30, 2022 results: revenue $10.2 billion, net income $1.3 billion, EPS $4.55 per diluted share.","evidence_excerpt":"orders dollar value decreased 24% to $5.5 billion • Backlog decreased 21% to 18,869 homes; backlog dollar value decreased 23% to $8.7 billion • Total revenues increased 21% to $10.2 billion • Homebuilding operating earnings increased 4% to $1.8 billion ◦ Gross margin on home sales of 24.8% ▪ Pre-impairment gross margin on home sales of 25.3% - down 270 basis points","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/920760/000162828022031933/0001628280-22-031933-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended November 30, 2022"},{"label":"Revenue","value":"$10.2 billion"},{"label":"Net income","value":"$1.3 billion"},{"label":"EPS","value":"$4.55 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fd0e5e7696d652333f535de70fa53af20915383b","claim":"LENNAR CORP /NEW/ reported the fiscal year ended November 30, 2022 results: revenue $33.7 billion, net income $4.6 billion, EPS $15.72 per diluted share.","evidence_excerpt":"◦ Increased 29% to $5.2 billion, excluding adjustments • Deliveries increased 11% to 66,399 homes • New orders decreased 5% to 61,105 homes • Total revenues increased 24% to $33.7 billion • Net margin on home sales improved 170 bps to 21.4 % • Retired early $575 million of homebuilding senior notes due November 2022 • Repurchased 11 million shares of Lennar common","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/920760/000162828022031933/0001628280-22-031933-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended November 30, 2022"},{"label":"Revenue","value":"$33.7 billion"},{"label":"Net income","value":"$4.6 billion"},{"label":"EPS","value":"$15.72 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}