secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2022-12-14T23:59:59+00:00
Accession:  0001628280-22-031933
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennar Q4 EPS $4.55 (+16% YoY); FY 2023 deliveries seen 60K-65K, gross margin ~21%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828022031933/0001628280-22-031933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828022031933/len-20221214.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-031933

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