LEN Q2 2019 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$25B

Q2 2019 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$5.6B+2.0% YoY

Gross Profit

$1.1B19.8% margin

Operating Income

$636M11.5% margin

Net Income

$421M7.6% margin

EPS (Diluted)

$1.30

QoQ Revenue Growth

+43.4%

Cash Flow

Operating Cash Flow

$95M

Free Cash Flow

$74M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$29.6B

Total Liabilities

$14.3B

Stockholders' Equity

$15.2B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.6B	$5.4B	+2.0%
Gross Profit	$1.1B	$904M	+21.6%
Operating Income	$636M	$386M	+64.6%
Net Income	$421M	$310M	+35.8%

Revenue Segments

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

$5.2B58%

Homebuilding West

$2.1B24%

Homebuilding Texas

$693M8%

Homebuilding Central

$614M7%

Lennar Financial Services

$204M2%

Lennar Multifamily

$147M2%

Other Segments

$16M0%

Homebuilding Other Regions

$8M0%