secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001628280-24-010922
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828024010922/0001628280-24-010922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828024010922/len-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-010922

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