Lennar beats revenue expectations in Q1, with sales up 4.4% year on year.

From Stockstory.org.: 2025-03-20 17:06:46

Homebuilder Lennar (NYSE:LEN) surpassed Q1 CY2025 revenue expectations with sales reaching $7.63 billion, up 4.4% year on year, and GAAP profit of $1.96 per share, exceeding analysts’ estimates by 13.4%. Despite a decrease in operating margin to 9.4%, the backlog stood at $5.8 billion. Lennar, one of the largest homebuilders in America, focuses on affordable housing. Sales growth has averaged 9.3% annually over the past five years, yet the recent revenue growth of 4.4% is below sector projections. Operating margins decreased while EPS growth was driven by share buybacks, with the latest quarter reporting EPS at $1.96.



Read more at Stockstory.org.: Lennar’s (NYSE:LEN) Q1: Beats On Revenue