secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001628280-24-028512
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennar Q2 net earnings $954M, EPS $3.45; orders +19%, deliveries +15%
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- Net earnings $954M ($3.45 diluted EPS), up 9% YoY; adjusted EPS $3.38.
- New orders 21,293 (+19% YoY); deliveries 19,690 (+15%); avg sales price $426k (-5%).
- Homebuilding gross margin 22.6% (+10bps); S,G&A 7.5%; net margin 15.1%.
- Financial services earnings $146M (+$34M YoY); Multifamily loss $20M; Lennar Other loss $28M.
- Q3 guidance: deliveries 20,500-21,000, gross margin ~23%, Financial Services earnings $135-140M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828024028512/0001628280-24-028512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828024028512/len-20240617.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-028512

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