{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-007870","form_type":"8-K","ticker":"LEN","cik":"0000920760","company_name":"LENNAR CORP /NEW/","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.578714+00:00","generated_at":"2026-06-18T04:08:50.249828+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Lennar Q1 GAAP EPS $2.06 (+22% YoY); deliveries up 9% to 13,659; gross margin 21.2%","bullets":["GAAP net earnings $597M ($2.06 diluted EPS); adjusted net earnings $615M ($2.12), down 23% YoY.","Deliveries 13,659 homes (+9% YoY); new orders 14,194 (-10%); backlog 19,403 (-29%).","Homebuilding gross margin 21.2% (down 570 bps); S,G&A improved 10 bps to 7.4% of home sales.","Homebuilding debt-to-capital 14.2%; cash $4.1B; no revolver borrowings; repurchased 2M shares for $189M.","Q2 guidance: deliveries 15,000-16,000; gross margin 21.0%-21.5%. FY deliveries 62,000-66,000."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-007870","json":"https://secwatch.observer/filing/0001628280-23-007870.json","markdown":"https://secwatch.observer/filing/0001628280-23-007870.md","text":"https://secwatch.observer/filing/0001628280-23-007870.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/920760/000162828023007870/0001628280-23-007870-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920760/000162828023007870/len-20230314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T04:08:50.249828+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":"dc6a613685c46594dce5754d6ce6df9305717192","claim":"LENNAR CORP /NEW/ reported first quarter ended February 28, 2023 results: revenue $6.5 billion, net income $597 million, EPS $2.06 per diluted share.","evidence_excerpt":"orders dollar value decreased 18% to $6.4 billion • Backlog decreased 29% to 19,403 homes; backlog dollar value decreased 33% to $9.0 billion • Total revenues increased 5% to $6.5 billion • Homebuilding operating earnings decreased to $907 million, compared to operating earnings of $1.1 billion ◦ Gross margin on home sales decreased 570 basis points (\"bps\") to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/920760/000162828023007870/0001628280-23-007870-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended February 28, 2023"},{"label":"Revenue","value":"$6.5 billion"},{"label":"Net income","value":"$597 million"},{"label":"EPS","value":"$2.06 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"}