Highest-materiality recent filing
Lennar appoints Jim Parker as COO, David Grove as EVP Homebuilding
Jim Parker, former Area President East, named COO effective June 5, 2026; annual cash incentive target raised to $5.75M.
Lennar stockholders elect all nine director nominees, reject two shareholder proposals
All nine director nominees elected; Serena Wolfe received highest vote (452.9M for).
Lennar Q1 diluted EPS $0.93, down from $1.96; home sales revenue falls 13% to $6.3B
Net earnings $229M ($0.93 diluted EPS) vs $520M ($1.96) in Q1 2025; adjusted EPS $0.88 excluding tech gains.
Lennar Q4 EPS $1.93 ($2.03 adj.) vs $4.06 prior; guides Q1 deliveries 17k-18k, gross margin 15-16%
Q4 net earnings $490M ($1.93/sh); adjusted $514M ($2.03/sh) excluding $123M tech gains and $156M Millrose loss.
Lennar Co-CEO Jon Jaffe to retire Dec 31, 2025; no replacement; Miller stays as CEO
Jon Jaffe retires after 42 years; resigns as director effective Dec 31, 2025.
Lennar Q3 EPS $2.29; orders up 12% but margins compress; guides Q4 deliveries 22K-23K
Net earnings $591M, diluted EPS $2.29; adjusted EPS $2.00 excluding $99M mark-to-market gains.
COO Fred Rothman to retire effective September 2, 2025; no replacement named, he will continue as consultant.
Lennar Q2 EPS $1.81, down 48% YoY; revenue $8.4B; guides Q3 deliveries 22k-23k
Net earnings $477M ($1.81 diluted); adjusted EPS $1.90 excluding tech investment losses.
Lennar enters $1.61B delayed draw term loan and issues $700M of 5.200% Senior Notes due 2030
Delayed draw term loan of up to $1.61B with $500M accordion feature; proceeds for working capital and general corporate purposes.
All 10 director nominees elected; highest vote count for Serena Wolfe (470.4M), lowest for Jeffrey Sonnenfeld (377.8M).
Lennar Q1 EPS $1.96 ($2.14 adj); deliveries up 6% but gross margin down to 18.7%
Net earnings $520M ($1.96 diluted); adjusted EPS $2.14 excluding mark-to-market tech losses.
Lennar completes spin-off of Millrose Properties; distributes 80% of shares
Distribution: 1 Millrose share for every 2 Lennar shares; Millrose now trades on NYSE under MRP.
Lennar sets record date and election period for Millrose spin-off; distribution ratio 1:2
Record date set for January 21, 2025; holders get one Millrose Class A share per two Lennar shares held.
Lennar director Sidney Lapidus will not stand for re-election; board to reduce to 10
Sidney Lapidus, board member since 1997 and Chair of Independent Directors Transactions Committee, will not stand for re-election at 2025 Annual Meeting.
Record date Jan 21, 2025; distribution prior to trading on Feb 7, 2025.
Lennar Q4 EPS $4.06 vs $4.82 YoY; orders miss guidance; Q1 margin guidance 19.0-19.25%
Q4 deliveries 22,206 (-7% YoY); new orders 16,895 (-3%) vs guided low-end 19,000.
Lennar upsizes revolving credit facility to $2.875B with $3.5B accordion capacity, extended to 2029
New Ninth Amended Credit Agreement increases revolving commitments to $2.875B, reducing to $2.65B in May 2027.
Lennar Q3 EPS $4.26 (+10% YoY); deliveries +16%; Q4 guidance 22.5k-23k homes
Net earnings $1.2B, diluted EPS $4.26 vs $3.87; adjusted EPS $3.90 excluding one-time items.
Jeff McCall transitions from EVP to non-executive role at Lennar, effective June 20, 2024
Jeff McCall, EVP since Jan 2020, moves to non-executive role effective June 20, 2024.
Lennar Q2 net earnings $954M, EPS $3.45; orders +19%, deliveries +15%
Net earnings $954M ($3.45 diluted EPS), up 9% YoY; adjusted EPS $3.38.
Lennar Corporation Announces 2024 Annual Meeting Voting Results
All 11 director nominees elected with significant support; Dacona Smith received highest votes for (496M).
Lennar Q1 EPS $2.57 (+25% YoY); new orders +28%; raises dividend 33% to $2.00
Net earnings $719M, diluted EPS $2.57 vs $2.06 YoY; revenue $7.3B (+13%).
Lennar Q4 EPS $4.82 ($5.17 adj.); orders +32%; guides FY24 deliveries 80K
Q4 net earnings $1.4B ($4.82/diluted); adj. $1.5B ($5.17/diluted) vs $1.3B ($4.55) a year ago.
Lennar enters aircraft time-sharing agreements with Executive Chairman and Co-CEO
Stuart Miller and Jonathan Jaffe each entered aircraft time-sharing agreements with Lennar subsidiary U.S. Home, LLC on Dec 4, 2023.
Lennar redeems $378.2M of 4.875% Senior Notes due 2023 on Nov 29, 2023
All outstanding $378.2M principal of 4.875% Senior Notes due 2023 to be redeemed on Nov 29, 2023.
On June 5, 2026, Lennar Corporation (the “Company”) appointed Jim Parker as the Company’s Chief Operating Officer, effective as of June 5, 2026
On January 13, 2025, Sidney Lapidus, a member of the Board of Directors (the “Board”) of Lennar Corporation (the “Company”), notified the Board of his decision not to stand for re-election to the Board at the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
Effective as of June 20, 2024 (the “Effective Date”), Jeff McCall, who has served as the Executive Vice President of Lennar Corporation (the “Company”) since January 2020, will transition to a non-executive role.
Max materiality 0.90 · Median 0.70 · Most common event earnings