Lennar said net earnings attributable to Lennar for Q2 2024 (ended May 31) were $954 million, or $3.45 per diluted share, compared with $872 million and $3.01 a year earlier.

1. 01

   Lennar said net earnings attributable to Lennar for Q2 2024 (ended May 31) were $954 million, or $3.45 per diluted share, compared with $872 million and $3.01 a year earlier.

2. 02

   The company said home deliveries in Q2 rose 15% to 19,690 homes from 17,074, while the average sales price fell 5% to $426,000 from $449,000, and home sales revenue was $8.4 billion.

3. 03

   Lennar said it repurchased 3.8 million shares of common stock for $603 million in Q2 and redeemed 4.50% senior notes totaling $454 million. It said Homebuilding cash and cash equivalents were $3.6 billion as of May 31, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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