secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2023-06-14T23:59:59+00:00
Accession:  0001628280-23-022077
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennar Q2 EPS $3.01; raises FY delivery guidance to 68k-70k homes
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- Net earnings $872M ($852M adj), diluted EPS $3.01 ($2.94 adj).
- Homebuilding revenue $7.6B, gross margin 22.5%, net margin 15.8%.
- Homebuilding cash $4.0B, debt to capital 13.3%, no revolver borrowings.
- Q3 guidance: deliveries 17,750-18,250, gross margin 23.5%-24.0%. FY23 deliveries raised to 68k-70k.
- Repurchased 2M shares for $208M and $158M debt in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828023022077/0001628280-23-022077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828023022077/len-20230614.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-022077

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