---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-010922"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:40:52.442010+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lennar Q1 EPS $2.57 (+25% YoY); new orders +28%; raises dividend 33% to $2.00

## Summary
- Net earnings $719M, diluted EPS $2.57 vs $2.06 YoY; revenue $7.3B (+13%).
- New orders 18,176 homes (+28%); deliveries 16,798 (+23%); avg sales price $413K (-8%).
- Gross margin 21.8% (+60 bps); net margin 13.6%; homebuilding debt-to-capital 9.6%.
- Repurchased 3.4M shares for $506M; board authorized additional $5B buyback.
- Annual dividend raised 33% to $2.00/share; Q2 guidance: 19,000-19,500 deliveries, ~22.5% gross margin.

## SEC filing metadata
- accession: 0001628280-24-010922
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828024010922/0001628280-24-010922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828024010922/len-20240313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-010922
- JSON: https://secwatch.observer/filing/0001628280-24-010922.json
- Plain text: https://secwatch.observer/filing/0001628280-24-010922.txt

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