NYSE:LEN-B

Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on May 7, 2025 to holders of record at the close of business on April 23, 2025.
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WS News 05-10-25
Lennar Reports $520M in Q1 Net Earnings Amid Strong Operational Performance

Miami, FL – March 20, 2025 – Lennar Corporation (NYSE: LEN, LEN.B) reported Q1 FY2025 net earnings of $520 million or $1.96 per diluted share, despite market headwinds. Excluding mark-to-market tech losses, EPS was $2.14. The company delivered 17,834 homes, a 6% increase, and reported revenues of $7.6 billion. New orders rose 1% to 18,355 homes, while average selling price declined 1% to $408,000. Gross margin stood at 18.7% and net margin at 10.2%. Lennar also repurchased 5.2 million shares for $703 million and completed the spin-off of Millrose Properties and the acquisition of Rausch Coleman Homes. The company ended the quarter with $2.3 billion in cash and no debt on its $3B credit line. For Q2, Lennar expects to deliver 19,500 to 20,500 homes with a gross margin around 18%.
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M
ME NEWS 03-21-25