Lennar Q3 EPS $4.26 (+10% YoY); deliveries +16%; Q4 guidance 22.5k-23k homes

LENNAR CORP /NEW/

2024-Q3 EPS reported $10.26 revenue$25,494,564,000

Net earnings $1.2B, diluted EPS $4.26 vs $3.87; adjusted EPS $3.90 excluding one-time items.
Homebuilding revenue $9.0B (+9% YoY) on 21,516 deliveries (+16%); avg price $422K (-6%).
Gross margin 22.5% (down from 24.4%); SG&A improved to 6.7% of home sales revenue.
Repurchased 3.4M shares for $519M; cash $4.0B, no revolver borrowings, debt to capital 7.6%.
Q4 guidance: deliveries 22,500-23,000; gross margin flat sequentially; avg sales price ~$425K.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.