{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-014148","form_type":"8-K","ticker":"LEN","cik":"0000920760","company_name":"LENNAR CORP /NEW/","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.811117+00:00","generated_at":"2026-05-24T11:21:39.494064+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lennar Q1 EPS $1.96 ($2.14 adj); deliveries up 6% but gross margin down to 18.7%","bullets":["Net earnings $520M ($1.96 diluted); adjusted EPS $2.14 excluding mark-to-market tech losses.","Home deliveries 17,834 (+6% YoY) above guidance; new orders 18,355 (+1%) also above guidance.","Gross margin on home sales 18.7% vs 21.8% YoY; average sales price $408K (-1%).","Completed spin-off of Millrose Properties and acquisition of Rausch Coleman Homes.","Repurchased 5.2M shares for $703M; Q2 guidance: 19,500-20,500 deliveries, gross margin ~18%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-014148","json":"https://secwatch.observer/filing/0001628280-25-014148.json","markdown":"https://secwatch.observer/filing/0001628280-25-014148.md","text":"https://secwatch.observer/filing/0001628280-25-014148.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/920760/000162828025014148/0001628280-25-014148-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920760/000162828025014148/len-20250320.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T11:21:39.494064+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}