Lennar Corporation's Robust Performance in Q1 2024 and Projections for Q2

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.