---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-041612"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T13:17:16.456735+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lennar Q4 EPS $4.82 ($5.17 adj.); orders +32%; guides FY24 deliveries 80K

## Summary
- Q4 net earnings $1.4B ($4.82/diluted); adj. $1.5B ($5.17/diluted) vs $1.3B ($4.55) a year ago.
- New orders 17,366 homes (+32%); deliveries 23,795 (+19%); avg sales price $441K (-9%).
- Homebuilding gross margin 24.2%; net margin 17.6%; S,G&A at 6.6% of home sales revenue.
- Financial Services op. earnings $168M vs $125M; Multifamily op. loss $12M; Lennar Other loss $125M from tech write-downs.
- Q1 2024 guidance: deliveries 16,500-17,000 homes, gross margin 21.0%-21.25%; FY2024 deliveries ~80,000 homes; share repurchase target $2B.

## SEC filing metadata
- accession: 0001628280-23-041612
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828023041612/0001628280-23-041612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828023041612/len-20231214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-041612
- JSON: https://secwatch.observer/filing/0001628280-23-041612.json
- Plain text: https://secwatch.observer/filing/0001628280-23-041612.txt

## Key facts
- Earnings Releases
  LENNAR CORP /NEW/ reported fourth quarter and fiscal year ended November 30, 2023 results: revenue $11.0 billion, net income $1.4 billion, EPS $4.82 per diluted share. Guidance reaffirmed.
  - Period: fourth quarter and fiscal year ended November 30, 2023
  - Revenue: $11.0 billion
  - Net income: $1.4 billion
  - EPS: $4.82 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: orders dollar value increased 32% to $7.3 billion • Backlog of 14,892 homes with a dollar value of $6.6 billion • Deliveries increased 19% to 23,795 homes • Total revenues of $11.0 billion • Homebuilding operating earnings of $1.9 billion ◦ Gross margin on home sales of 24.2% ◦ S,G&A expenses as a % of revenues from home sales of 6.6% ◦ Net margin on home sales of
  evidence_url: https://www.sec.gov/Archives/edgar/data/920760/000162828023041612/0001628280-23-041612-index.htm

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