{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-057408","form_type":"8-K","ticker":"LEN","cik":"0000920760","company_name":"LENNAR CORP /NEW/","filed_at":"2025-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.610235+00:00","generated_at":"2026-05-16T13:09:18.187408+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Lennar Q4 EPS $1.93 ($2.03 adj.) vs $4.06 prior; guides Q1 deliveries 17k-18k, gross margin 15-16%","bullets":["Q4 net earnings $490M ($1.93/sh); adjusted $514M ($2.03/sh) excluding $123M tech gains and $156M Millrose loss.","Q4 deliveries 23,034 (+4% YoY), new orders 20,018 (+18% YoY); avg sales price $386,000 (-10%).","Homebuilding gross margin 17.0% (vs 22.1% prior); SG&A 7.9%; net margin 9.1%.","FY2025 deliveries 82,583 (+3% YoY); net earnings $2.1B ($7.98/sh); adjusted $8.06/sh.","Q1 FY2026 guidance: deliveries 17k-18k, ASP $365k-$375k, gross margin 15-16%, SG&A ~9.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-057408","json":"https://secwatch.observer/filing/0001628280-25-057408.json","markdown":"https://secwatch.observer/filing/0001628280-25-057408.md","text":"https://secwatch.observer/filing/0001628280-25-057408.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/920760/000162828025057408/0001628280-25-057408-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/920760/000162828025057408/len-20251216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:09:18.187408+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"}