Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 3

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 1
Chunk 3
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 Income (Loss)(In thousands, except per share amounts)(Unaudited)

Three Months EndedSix Months EndedMay 31,May 31,2025202420252024Revenues:Homebuilding$7,843,862 8,381,059 15,127,732 15,312,050 Financial Services298,098 281,723 575,175 531,443 Multifamily230,305 99,500 293,501 229,177 Lennar Other5,237 3,310 12,639 5,852 Total revenues8,377,502 8,765,592 16,009,047 16,078,522 Costs and expenses:Homebuilding7,147,552 7,106,455 13,687,512 13,083,991 Financial Services140,818 134,711 274,412 253,135 Multifamily254,677 102,205 328,053 234,872 Lennar Other30,025 26,841 53,589 35,929 Corporate general and administrative155,853 156,982 303,231 314,303 Charitable foundation contribution20,131 19,690 37,965 36,488 Total costs and expenses7,749,056 7,546,884 14,684,762 13,958,718 Equity in earnings (losses) from unconsolidated entities12,116 (4,309)45,351 (34,854)Other income, net and other gains30,759 68,172 62,426 133,544 Lennar Other realized and unrealized losses from technology investments(29,440)(21,514)(91,943)(26,651)Earnings before income taxes641,881 1,261,057 1,340,119 2,191,843 Provision for income taxes(160,061)(300,471)(329,586)(511,336)Net earnings (including net earnings attributable to noncontrolling interests)481,820 960,586 1,010,533 1,680,507 Less: Net earnings attributable to noncontrolling interests4,371 6,275 13,558 6,862 Net earnings attributable to Lennar$477,449 954,311