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LEN Q2 2023 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena
LEN
Lennar Corporation
$26B
Q2 2023 Earnings
Consumer Cyclical
Residential Construction
Income Statement
Revenue
$8.0B
-3.8% YoY
Gross Profit
$1.8B
22.9% margin
Operating Income
$1.2B
14.8% margin
Net Income
$872M
10.8% margin
EPS (Diluted)
$3.01
QoQ Revenue Growth
+24.1%
Cash Flow
Operating Cash Flow
$660M
Free Cash Flow
$635M
Stock-Based Comp.
$40M
Balance Sheet
Total Assets
$36.9B
Total Liabilities
$11.7B
Stockholders' Equity
$25.0B
Cash & Equivalents
$4.3B
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$8.0B
$8.4B
-3.8%
Gross Profit
$1.8B
$2.5B
-25.3%
Operating Income
$1.2B
$1.9B
-35.9%
Net Income
$872M
$1.3B
-34.0%
Revenue Segments
Lennar Homebuilding East, Central, West, Houston, and Other
$7.7B
95%
Lennar Financial Services
$223M
3%
Lennar Multifamily
$154M
2%
Lennar - Other
$7M
0%
Geographic Segments
Homebuilding West
$2.8B
36%
Homebuilding East
$2.3B
30%
Homebuilding Central
$1.4B
18%
Homebuilding Texas
$1.1B
15%
Homebuilding Other Regions
$12M
0%
← FY 2023
All Quarters
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