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Lennar Corporation Message Board

  • huff@lawpromo.com huff Jun 25, 2013 11:18 AM Flag

    Len is STRONG.

    - Net earnings of $137.4 million, or $0.61 per diluted share\
    - Deliveries of 4,464 homes - up 39%
    - New orders of 5,705 homes - up 27%
    - Backlog of 6,163 homes - up 55%; backlog dollar value of $1.9 billion - up 76%
    - Revenues of $1.4 billion - up 53%
    - Gross margin on home sales of 24.1% - improved 160 basis points
    - S,G&A expenses as a % of revenues from home sales of 10.9%
    - Operating margin on home sales of 13.3% - improved 410 basis points
    - Lennar Homebuilding operating earnings of $158.4 million
    - Lennar Financial Services operating earnings of $29.2 million, compared to $18.0 million

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45.72+0.41(+0.90%)9:39 AMEDT