Oct 29, 4:15 PM ET
Lennar amended its unsecured revolving credit facility on October 26, 2026, raising aggregate lender commitments to $3.795 billion and extending most Class A commitments to November 2031. It also added $40 million to its term loan facility, which now totals $1.75 billion, giving the company more borrowing room for working capital, general corporate purposes and acquisitions.
- Revolving credit facility potential borrowing capacity rose from $3.500 billion to $4.545 billion, including a $750 million accordion feature
- Class A commitments of $3.545 billion extended from November 2029 to November 2031
- Term loan facility outstanding increased from $1.71 billion to $1.75 billion, with terms maturing in May 2028 and an option to extend to May 2029
Read the filing on SEC.gov ↗
Sep 16, 4:42 PM ET
Lennar reported third-quarter 2026 results for the period ended August 31, with net earnings of $284 million, or $1.19 per diluted share, down from $591 million, or $2.29, a year earlier. Revenue fell to $8.0 billion from $8.8 billion, and the company lowered its full-year 2026 delivery target to 80,000-81,000 homes, which weighs on shareholders' expectations for the year.
- Q3 net earnings of $284 million, or $1.19 per diluted share, versus $591 million, or $2.29, in Q3 2025; excluding mark-to-market losses and one-time items, EPS was $1.23
- Total revenues of $8.0 billion versus $8.8 billion; deliveries of 20,840 homes, down 3%; new orders of 20,879 homes, down 9%
- Full-year 2026 delivery target cut to approximately 80,000-81,000 homes from 82,000-83,000 homes
- Q4 2026 guidance: 22,000-23,000 deliveries, gross margin of 15.5%-16.0%, and new orders of 19,500-20,500 homes
Read the filing on SEC.gov ↗
Jun 11, 4:48 PM ET
Lennar reported second-quarter 2026 net earnings of $305 million, or $1.24 per diluted share, down from $477 million, or $1.81 per share, a year earlier. The company also moderated its full-year 2026 delivery target to approximately 82,000 to 83,000 homes, citing pressure on interest rates and geopolitical uncertainty.
- Q2 2026 total revenues were $7.9 billion, compared with $8.4 billion in Q2 2025
- Deliveries rose 2% year over year to 20,519 homes, while new orders fell 4% to 21,749 homes
- Full-year 2026 delivery target moderated to approximately 82,000 to 83,000 homes
- Third-quarter 2026 guidance: 20,500 to 21,500 deliveries and gross margin of approximately 16%
Read the filing on SEC.gov ↗
Jun 5, 5:59 PM ET
Lennar appointed Jim Parker as Chief Operating Officer and David Grove as Executive Vice President, Homebuilding, both effective June 5, 2026. Both previously served as Area Presidents, leading the company's East and West operations, and will continue to report to Executive Chairman, CEO and President Stuart Miller.
- Jim Parker, 56, named Chief Operating Officer effective June 5, 2026; his annual cash incentive target was raised to $5,750,000.
- David Grove named Executive Vice President, Homebuilding effective June 5, 2026, after serving as Area President for the West since December 2025.
- Parker led the East operations as Area President from December 2025; both executives have about 30 years of homebuilding experience.
Read the filing on SEC.gov ↗
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