---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-040938"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2024-09-19T23:59:59+00:00"
generated_at: "2026-05-31T03:50:02.564260+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-040938
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2024-09-19T23:59:59+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/920760/000162828024040938/0001628280-24-040938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828024040938/len-20240919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-040938
- JSON: https://secwatch.observer/filing/0001628280-24-040938.json
- Plain text: https://secwatch.observer/filing/0001628280-24-040938.txt

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