secwatch.observer — SEC 8-K summary
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Issuer:     LENNAR CORP /NEW/ (LEN)
CIK:        0000920760
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001628280-24-051885
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920760/000162828024051885/0001628280-24-051885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920760/000162828024051885/len-20241218.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-051885

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