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

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

萊納建築 | 8-K:Lennar公佈2024年第三季度業績
美股SEC公告 ·  2024/09/20 04:36

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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公司公佈了2024年第三季度的強勁業績,淨收益爲12億美金,或每股稀釋後收益4.26美金,同比增長10%,前一年同期爲3.87美金。住房交付量增加了16%,達到21,516套,而新訂單增加了5%,共20,587套。總營業收入達到94億美金,其中住宅建築收入上漲9%,達到90億美金。公司保持了穩定的盈利能力,住宅銷售的毛利率爲22.5%,銷售和管理費用佔營業收入的6.7%。每套交付房屋的平均銷售價格爲422,000美金,同比下降6%,原因是銷售激勵增加。金融服務產生了14400萬美金的運營收益,而多家庭部門貢獻了7900萬美金。Lennar繼續加強其資產負債表,現金達到40億美金,並且在22億美金的信用額度內沒有未償還借款。公司在本季度回購了340萬股股票,總價值爲51900萬美金。對2024年第四季度,Lennar預計將交付22,500至23,000套住宅,毛利率與第三季度持平。
Lennar公司公佈了2024年第三季度的強勁業績,淨收益爲12億美金,或每股稀釋後收益4.26美金,同比增長10%,前一年同期爲3.87美金。住房交付量增加了16%,達到21,516套,而新訂單增加了5%,共20,587套。總營業收入達到94億美金,其中住宅建築收入上漲9%,達到90億美金。公司保持了穩定的盈利能力,住宅銷售的毛利率爲22.5%,銷售和管理費用佔營業收入的6.7%。每套交付房屋的平均銷售價格爲422,000美金,同比下降6%,原因是銷售激勵增加。金融服務產生了14400萬美金的運營收益,而多家庭部門貢獻了7900萬美金。Lennar繼續加強其資產負債表,現金達到40億美金,並且在22億美金的信用額度內沒有未償還借款。公司在本季度回購了340萬股股票,總價值爲51900萬美金。對2024年第四季度,Lennar預計將交付22,500至23,000套住宅,毛利率與第三季度持平。
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