LEN Q1 2020 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$25B

Q1 2020 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$4.5B+16.5% YoY

Gross Profit

$897M19.9% margin

Operating Income

$431M9.6% margin

Net Income

$398M8.8% margin

EPS (Diluted)

$1.27

QoQ Revenue Growth

-35.4%

Cash Flow

Operating Cash Flow

$383M

Free Cash Flow

$365M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$29.2B

Total Liabilities

$13.0B

Stockholders' Equity

$16.0B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4.5B	$3.9B	+16.5%
Gross Profit	$897M	$747M	+20.1%
Operating Income	$431M	$324M	+33.0%
Net Income	$398M	$240M	+66.1%

Revenue Segments

Lennar Homebuilding East, Central, West, Houston, and Other

$4.2B57%

Homebuilding West

$1.7B24%

Homebuilding Central

$535M7%

Homebuilding Texas

$473M7%

Lennar Financial Services

$199M3%

Lennar Multifamily

$133M2%

Homebuilding Other Regions

$8M0%

Other Segments

$2M0%