Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Lennar (LEN)

Lennar Q3 earnings per share rise 10% to $4.26 as deliveries climb 16%

Positive Impact 3 of 5 earnings Written later

Lennar reported third-quarter 2024 results for the quarter ended August 31, 2024, with net earnings of $1.2 billion, or $4.26 per diluted share, up from $3.87 a year earlier. The results include a $179 million one-time gain from asset sales in LMV Fund I and a $90 million write-down; excluding mark-to-market gains and one-time items, earnings were $3.90 per diluted share. Gross margin on home sales fell to 22.5% from 24.4%, and the company expects fourth-quarter deliveries of 22,500 to 23,000 homes.

Key points

  • Net earnings per diluted share of $4.26, up from $3.87 a year earlier; $3.90 excluding mark-to-market gains and one-time items
  • Deliveries rose 16% to 21,516 homes, and total revenues were $9.4 billion
  • Gross margin on home sales was 22.5%, down from 24.4% in the prior-year quarter
  • Fourth-quarter 2024 guidance: 22,500 to 23,000 deliveries and gross margin flat with the third quarter

The filing

CompanyLennar (LEN)
Form8-K, current report
Filed with the SECSep 19, 2024, 4:31 PM ET
Accession number0001628280-24-040938

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 19, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.