Lennar Company (NYSE: LEN) reported its third quarter 2025 earnings outcomes.
Whole revenues of $8.8 billion had been down 6% from the identical interval a 12 months in the past.
Internet earnings attributable to Lennar had been $591 million, or $2.29 per share, in comparison with $1.2 billion, or $4.26 per share final 12 months. Adjusted EPS was $2.00, down 49% from final 12 months.
Each income and earnings got here beneath expectations.
In Q3, new orders elevated 12% to 23,004 houses whereas deliveries of 21,584 houses remained flat with the prior 12 months. Common gross sales worth of houses delivered was $383,000, down 9% from final 12 months.
The corporate had a backlog of 16,953 houses with a greenback worth of $6.6 billion on the finish of the quarter.
For the fourth quarter of 2025, LEN expects new orders to be 20,000-21,000 and deliveries to be 22,000-23,000. Common gross sales worth is anticipated to be $380,000-390,000.
Prior efficiency
