---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-051885"
form_type: "8-K"
ticker: "LEN"
cik: "0000920760"
company_name: "LENNAR CORP /NEW/"
filed_at: "2024-12-18T23:59:59+00:00"
generated_at: "2026-05-29T02:12:23.234774+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lennar Q4 EPS $4.06 vs $4.82 YoY; orders miss guidance; Q1 margin guidance 19.0-19.25%

## Summary
- Q4 deliveries 22,206 (-7% YoY); new orders 16,895 (-3%) vs guided low-end 19,000.
- Homebuilding gross margin 22.1% (down from 24.2% YoY); net margin 14.9%.
- Q1 2025 guidance: deliveries 17,000-17,500; gross margin 19.0%-19.25%; avg price ~$410-415K.
- Repurchased 3M shares for $521M; homebuilding debt to capital 7.5%; cash $4.7B.
- Agreed to acquire Rausch Coleman Homes; expected close in Q1 2025.

## SEC filing metadata
- accession: 0001628280-24-051885
- form_type: 8-K
- ticker: LEN
- cik: 0000920760
- company_name: LENNAR CORP /NEW/
- filed_at: 2024-12-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/920760/000162828024051885/0001628280-24-051885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920760/000162828024051885/len-20241218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-051885
- JSON: https://secwatch.observer/filing/0001628280-24-051885.json
- Plain text: https://secwatch.observer/filing/0001628280-24-051885.txt

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