Lennar: Q2 EPS slumps 44%

Published: 2025-06-17 03:00:17 ET LEN

Published on 06/17/2025 at 03:00

On Monday evening Lennar Corp reported Q2 2024-25 (period ended 31 May) adjusted EPS that fell 44% to $1.90, along with  operating profit of $728m for its residential construction business.Home sales revenue fell 7% to $7.8bn, as a 9% decline in average sales prices more than offset a 2% increase in volumes delivered, while new orders rose 6% to 22,601 homes.For the current quarter, Lennar anticipates target ranges of 22,000 to 23,000 homes for both deliveries and new orders, with gross margin remaining around 18%; all subject to market conditions.Copyright (c) 2025 CercleFinance.com. All rights reserved.