Lennar Corporation's Robust Performance in Q1 2024 and Projections for Q2
Thursday, 14 March 2024, 12:18
Lennar Corporation Earnings Overview
Lennar Corporation (NYSE: LEN) reported total revenues of $7.3 billion for the first quarter of 2024, showcasing a robust 13% growth year-over-year.
Key Financial Figures
- Net Earnings: $719 million, or $2.57 per share
- Comparison: Last year, net earnings were $597 million, or $2.06 per share
New orders soared by 28% to 18,176 homes, while deliveries climbed by 23% to 16,798 homes in Q1. The company projects new orders of 20,900-21,300 and deliveries of 19,000-19,500 for the upcoming quarter.
Prior Performance
The post Lennar Corporation (LEN) Earnings: 1Q24 Key Numbers first appeared on AlphaStreet.
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