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Lennar Corp | 8-K: Lennar Reports Third Quarter 2024 Results

Lennar Corp | 8-K: Lennar Reports Third Quarter 2024 Results

莱纳建筑 | 8-K：Lennar公布2024年第三季度业绩
美股SEC公告 ·  2024/09/19 13:36

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Lennar Corporation reported strong Q3 2024 results with net earnings of $1.2 billion, or $4.26 per diluted share, up 10% from $3.87 in Q3 2023. Home deliveries increased 16% to 21,516 units, while new orders rose 5% to 20,587 homes. Total revenues reached $9.4 billion, with homebuilding revenue up 9% to $9.0 billion.The company maintained solid profitability with a 22.5% gross margin on home sales and improved SG&A expenses to 6.7% of revenues. The average sales price per home delivered was $422,000, down 6% year-over-year due to increased sales incentives. Financial Services generated operating earnings of $144 million, while the Multifamily segment contributed $79 million.Lennar continued strengthening its balance sheet with $4.0 billion in cash and no outstanding borrowings on its $2.2 billion credit facility. The company repurchased 3.4 million shares for $519 million during the quarter. For Q4 2024, Lennar expects to deliver between 22,500 and 23,000 homes with gross margins flat compared to Q3.
Lennar Corporation reported strong Q3 2024 results with net earnings of $1.2 billion, or $4.26 per diluted share, up 10% from $3.87 in Q3 2023. Home deliveries increased 16% to 21,516 units, while new orders rose 5% to 20,587 homes. Total revenues reached $9.4 billion, with homebuilding revenue up 9% to $9.0 billion.The company maintained solid profitability with a 22.5% gross margin on home sales and improved SG&A expenses to 6.7% of revenues. The average sales price per home delivered was $422,000, down 6% year-over-year due to increased sales incentives. Financial Services generated operating earnings of $144 million, while the Multifamily segment contributed $79 million.Lennar continued strengthening its balance sheet with $4.0 billion in cash and no outstanding borrowings on its $2.2 billion credit facility. The company repurchased 3.4 million shares for $519 million during the quarter. For Q4 2024, Lennar expects to deliver between 22,500 and 23,000 homes with gross margins flat compared to Q3.
Lennar公司公布了强劲的2024年第三季度业绩，净收益为12亿元，按稀释每股收益计算为4.26美元，比2023年第三季度的3.87美元增长了10%。交付房屋数量增加了16%，达到21,516套，而新订单增长了5%，达到20,587套。总营业收入达到94亿元，其中房屋建筑营业收入增长了9%，达到90亿元。该公司保持了稳定的盈利能力，住房销售的毛利率为22.5%，并将SG&A费用改善至营业收入的6.7%。每套交付房屋的平均销售价格为422,000美元，因销售激励增加，同比下降了6%。金融服务部门产生了14400万美元的营业收益，而多户住宅部门贡献了7900万美元。Lennar继续加强其资产负债表，持有40亿元现金，并且在22亿元的信用额度上没有未偿债务。该公司在本季度回购了340万股股票，花费了51900万美元。对于2024年第四季度，Lennar预计将交付22,500到23,000套房屋，毛利率与第三季度持平。
Lennar公司公布了强劲的2024年第三季度业绩，净收益为12亿元，按稀释每股收益计算为4.26美元，比2023年第三季度的3.87美元增长了10%。交付房屋数量增加了16%，达到21,516套，而新订单增长了5%，达到20,587套。总营业收入达到94亿元，其中房屋建筑营业收入增长了9%，达到90亿元。该公司保持了稳定的盈利能力，住房销售的毛利率为22.5%，并将SG&A费用改善至营业收入的6.7%。每套交付房屋的平均销售价格为422,000美元，因销售激励增加，同比下降了6%。金融服务部门产生了14400万美元的营业收益，而多户住宅部门贡献了7900万美元。Lennar继续加强其资产负债表，持有40亿元现金，并且在22亿元的信用额度上没有未偿债务。该公司在本季度回购了340万股股票，花费了51900万美元。对于2024年第四季度，Lennar预计将交付22,500到23,000套房屋，毛利率与第三季度持平。
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