---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-032289"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2023-09-14T23:59:59+00:00"
generated_at: "2026-06-10T18:25:27.461176+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lennar Q3 EPS $3.87, deliveries up 8% to 18,559; new orders up 37%

## Summary
- Net earnings $1.1B ($3.87/diluted) vs $1.5B ($5.03) YoY; adjusted EPS $3.91.
- Homebuilding gross margin 24.4% vs 29.2% YoY; S,G&A 7.0% of home sales.
- Financial Services op earnings $148M vs $63M YoY (incl. $36M one-time charge in 2022).
- Q4 guidance: deliveries 21,500-22,500, gross margin 24.4%-24.6%, S,G&A 6.7%-6.9%.
- Repaid $475M debt, repurchased 3M shares for $366M; cash $3.9B, no revolver draw.

## SEC filing metadata
- accession: 0001628280-23-032289
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2023-09-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828023032289/0001628280-23-032289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828023032289/len-20230914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-032289
- JSON: https://secwatch.observer/filing/0001628280-23-032289.json
- Plain text: https://secwatch.observer/filing/0001628280-23-032289.txt

## Key facts
- Earnings Releases
  LENNAR CORP /NEW/ reported the third quarter ended August 31, 2023 results: revenue $8.7 billion, net income $1.1 billion, EPS $3.87 per diluted share.
  - Period: the third quarter ended August 31, 2023
  - Revenue: $8.7 billion
  - Net income: $1.1 billion
  - EPS: $3.87 per diluted share
  - Result: reported results
  source text: New orders increased 37% to 19,666 homes; new orders dollar value increased 30% to $8.6 billion • Backlog of 21,321 homes with a dollar value of $9.9 billion • Total revenues of $8.7 billion • Homebuilding operating earnings of $1.5 billion ◦ Gross margin on home sales of 24.4% ◦ S,G&A expenses as a % of revenues from home sales of 7.0% ◦ Net margin on home sales of
  evidence_url: https://www.sec.gov/Archives/edgar/data/920760/000162828023032289/0001628280-23-032289-index.htm

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