LENLennar Corporation

$25B

Q3 2019 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$5.9B+3.2% YoY

Gross Profit

$1.2B20.2% margin

Operating Income

$649M11.1% margin

Net Income

$513M8.8% margin

EPS (Diluted)

$1.59

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$728M

Free Cash Flow

$706M

Stock-Based Comp.

$34M

Balance Sheet

Total Assets

$29.5B

Total Liabilities

$14.0B

Stockholders' Equity

$15.4B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.9B	$5.7B	+3.2%
Gross Profit	$1.2B	$1.1B	+5.1%
Operating Income	$649M	$586M	+10.7%
Net Income	$513M	$453M	+13.3%

Revenue Segments

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

$5.4B58%

Homebuilding West

$2.1B22%

Homebuilding Central

$725M8%

Homebuilding Texas

$713M8%

Lennar Financial Services

$225M2%

Lennar Multifamily

$184M2%

Homebuilding Other Regions

$94M1%

Other Segments

$10M0%

LEN Q3 2019 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena