Highest-materiality recent filing
Owned homesites dropped from 72% to 2% of total; controlled homesites rose from 28% to 98% (2018-2026).
Net earnings $305M ($1.24/diluted); adj. EPS $1.31 ex mark-to-market losses on tech investments.
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 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.
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 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.
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 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.
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 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 Q3 EPS $3.87, deliveries up 8% to 18,559; new orders up 37%
Net earnings $1.1B ($3.87/diluted) vs $1.5B ($5.03) YoY; adjusted EPS $3.91.
Lennar Co-CEO Rick Beckwitt to retire Sept 1; Stuart Miller named Co-CEO alongside Jon Jaffe
Rick Beckwitt retires as Co-CEO and Co-President effective Sept 1, 2023, resigns from Board.
Lennar Q2 EPS $3.01; raises FY delivery guidance to 68k-70k homes
Net earnings $872M ($852M adj), diluted EPS $3.01 ($2.94 adj).
Lennar Q1 GAAP EPS $2.06 (+22% YoY); deliveries up 9% to 13,659; gross margin 21.2%
GAAP net earnings $597M ($2.06 diluted EPS); adjusted net earnings $615M ($2.12), down 23% YoY.
Lennar Q4 EPS $4.55 (+16% YoY); FY 2023 deliveries seen 60K-65K, gross margin ~21%
Q4 diluted EPS $4.55 vs $3.91 YoY; adjusted EPS $5.02 vs $4.36, both up double-digit.
Net earnings $1.5B, up 4% YoY; diluted EPS $5.03 vs $4.52; adjusted EPS $5.18, up 58%.
Lennar Q2 EPS $4.49 beats prior year $2.65; deliveries up 14%; guides Q3 deliveries 17,000-18,500
Net earnings $1.3B ($4.49/diluted) vs $831.4M ($2.65) YoY; adjusted EPS $4.69.
Lennar Q1 adj. EPS $2.70 beats $2.04 YoY; raises FY delivery & margin outlook
Net earnings $503.6M ($1.69 diluted); excluding mark-to-market losses on tech investments, adjusted EPS $2.70 vs $2.04 YoY.
Lennar Q4 adjusted EPS $4.36 (+55% YoY); gross margin 28%; guides FY22 67k homes
Net earnings $1.2B ($3.91 diluted), up 35%; adjusted EPS $4.36 excluding tech mark-to-market losses.
Lennar Q3 EPS $4.52 ($3.27 adj); deliveries miss low end of guidance by ~600 homes
Q3 net earnings $1.4B ($4.52/dil) vs $666M ($2.12) prior year; adjusted EPS $3.27 excluding $500M mark-to-market gains.
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.
the Board of Directors (the “Board”) of the Company, upon the recommendation of the Board’s Nominating and Corporate Governance Committee, had elected Dacona Smith to serve as a director, effective September 22, 2023
had elected Serena Wolfe to serve as a director, effective September 2, 2023
Rick Beckwitt, who joined the Company in 2006 and who has served as a Co-Chief Executive Officer and Co-President of the Company since November 2020, has decided to retire as a Co-Chief Executive Officer and Co-President and resign as a member of the Board of Directors of the Company, effective September 1, 2023.
resign as a member of the Board of Directors of the Company, effective September 1, 2023.
The Company has appointed Stuart Miller as a Co-Chief Executive Officer of the Company to succeed Mr. Beckwitt, effective September 1, 2023, contingent upon the execution and effectiveness of the Beckwitt Separation Agreement (as defined below).
Max materiality 0.90 · Median 0.65 · Most common event earnings