LEN Q3 2020 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$25B

Q3 2020 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$5.9B+0.3% YoY

Gross Profit

$1.4B24.1% margin

Operating Income

$884M15.1% margin

Net Income

$666M11.3% margin

EPS (Diluted)

$2.12

QoQ Revenue Growth

+11.7%

Cash Flow

Operating Cash Flow

$1.6B

Free Cash Flow

$1.6B

Stock-Based Comp.

$29M

Balance Sheet

Total Assets

$29.3B

Total Liabilities

$12.0B

Stockholders' Equity

$17.2B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.9B	$5.9B	+0.3%
Gross Profit	$1.4B	$1.2B	+19.1%
Operating Income	$884M	$649M	+36.3%
Net Income	$666M	$513M	+29.8%

Revenue Segments

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

$5.5B56%

Homebuilding West

$2.2B22%

Homebuilding Central

$1.1B11%

Homebuilding Texas

$748M8%

Lennar Financial Services

$237M2%

Lennar Multifamily

$115M1%

Other Segments

$13M0%

Homebuilding Other Regions

$3M0%