From Barchart: 2025-06-17 06:49:00

Lennar Corporation (NYSE: LEN) reported mixed Q2 results, missing on EPS but beating revenue estimates. Home deliveries rose by 2% YoY, with new orders up 6% YoY.

Despite revenue beat, Lennar’s average sales price dropped 9% due to affordability challenges. Gross margin was 17.8% in Q2, with Q3 margin guidance at around 18%.

Lennar repurchased 4.7 million shares for $517 million in Q2 and ended with $5.4 billion in liquidity. Debt-to-capital ratio stands at 11.0%.

Investors note revenue beat and order growth, but margin pressure from lower pricing. Q3 order guidance below consensus indicates ongoing affordability challenges.

Lennar’s strong balance sheet with robust liquidity and conservative leverage supports share repurchases and strategic investments. Monitoring key leverage and coverage ratios is key for investors.



Read more at Barchart:: Lennar Q2 Earnings: EPS Miss but Revenue Beats on …