LEN Q2 2024 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q2 2024 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$8.8B+9.2% YoY

Gross Profit

$2.0B23.2% margin

Operating Income

$1.2B14.0% margin

Net Income

$954M10.9% margin

EPS (Diluted)

$3.45

QoQ Revenue Growth

+20.5%

Cash Flow

Operating Cash Flow

$242M

Free Cash Flow

$203M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$38.7B

Total Liabilities

$11.7B

Stockholders' Equity

$26.9B

Cash & Equivalents

$3.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.8B	$8.0B	+9.2%
Gross Profit	$2.0B	$1.8B	+10.7%
Operating Income	$1.2B	$1.2B	+3.6%
Net Income	$954M	$872M	+9.5%

Revenue Segments

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

$8.4B95%

Lennar Financial Services

$282M3%

Lennar Multifamily

$102M1%

Lennar - Other

$27M0%

Geographic Segments

Homebuilding West

$3.3B39%

Homebuilding East

$2.2B26%

Homebuilding Central

$1.7B20%

Homebuilding Texas

$1.2B14%

Homebuilding Other Regions

$9M0%