Lennar Corporation (NYSE:LEN) Q4 2024 Results Conference Call December 19, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Fred Rothman - Chief Operating Officer Marshall Ames - Chairman, Lennar Charitable Foundation Conference Call Participants Alan Ratner - Zelman & Associates Michael Rehaut - JP Morgan Stephen Kim - E ...

Lennar Corporation (LEN) reported tepid fourth-quarter fiscal 2024 results, wherein its adjusted earnings and total revenues missed the Zacks Consensus Estimate and declined year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The quarter’s performance was directly hit by a lag in the home sales pace due to a high mortgage rate scenario and low average selling price (ASP). Due to the affordability issue, the new orders during the quarter also showcased a downward trend.To ...

Exhibit 99.1 Contact: Ian Frazer Investor Relations Lennar Corporation (305) 485-4129 FOR IMMEDIATE RELEASE Lennar Reports Fourth Quarter and Fiscal 2024 Results 2024 Fourth Quarter Highlights – comparisons to the prior year quarter • N • et earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments) • Net earnings of $1.1 billion • New orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billion • Backlog of 11,633 homes with a dollar v ...

MIAMI, Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar"), one of the nation's leading homebuilders, announced that its recently formed subsidiary, Millrose Properties, Inc. ("Millrose"), has filed with the Securities and Exchange Commission a registration statement under the Securities Act of 1933 on Form S-11 relating to a planned spin-off consisting of a contribution by Lennar to Millrose of land and cash and a distribution of Millrose's stock to Lennar's stockholders (the ...

And create a lot of wealth for investors along the way.In this video, Motley Fool contributors Jason Hall and Tyler Crowe discuss Lennar's (LEN -0.56%) (LEN.B) move to become even more asset-light and how it could disrupt the industry. Jason breaks down how he thinks this could create an opportunity for Meritage Homes (MTH -1.00%) to zig while others zag.*Stock prices used were from the afternoon of Oct. 5, 2024. The video was published on Nov. 15, 2024. ...

High-Rise Community Offers the Closest Luxury Living to the Water in Sarasota BaySARASOTA, Fla., Nov. 14, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, today announced the start of leasing at Cordelia, a luxury high-rise community in Downtown Sarasota, Fla., on Sarasota Bay. Part of a 14-acre master development, Cordelia includes 240 luxury homes and 13,811 square feet of ground floor retail space. T ...

One of Harris' proposals could provide a huge catalyst for these Buffett stocks. Warren Buffett hasn't endorsed a candidate in the 2024 presidential race. However, the 94-year-old billionaire has revealed in the past that he is a Democrat. With over 40 holdings in Buffett's Berkshire Hathaway portfolio, he would likely have at least a few winners regardless of which party wins the most in next week's elections. However, I predict that two Buffett stocks will especially soar if Vice President Kamala Harris b ...

Unfortunately for home buyers, mortgage rates are sharply higher in October, with the 30-year rate averaging 6.92% as of Oct. 23 -- marking a fourth-straight weekly rise. Though it's too late to tell, new home sales will likely take a hit after surging last month thanks to lower rates. More specifically, sales of newly built homes jumped 4.1% to a higher-than-expected annual rate of 738,000 in September -- the fastest pace since May 2023. With this backdrop in mind, we're checking in on two homebuilding sto ...

Now is the ideal time to buy this Buffett stock. Imagine having one of the greatest investors of all time send you a list of the stocks he likes the most. The good news is that you don't have to use your imagination. In a real sense, it happens every three months. Warren Buffett unquestionably qualifies as a legendary investor. Although Buffett doesn't personally email a list of his favorite stocks to you, he does the next best thing. Every quarter, the company he runs, Berkshire Hathaway, reveals its stock ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from _______ To _______ Commission File Number: 1-11749 Lennar Corporation (Exact ...