Company: LEN
Filing Date: 2025-04-04
Form Type: 10-Q
Source: 0001628280-25-016792
Chunk: 145

Company: LENNAR CORP /NEW/
Filing Date: 2025-04-04
Form: 10-Q
Item: Item 2
Chunk 145
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 share, in the first quarter of 2025, compared to net earnings attributable to Lennar of $719.3 million, or $2.57 per diluted share, in the first quarter of 2024. Excluding mark-to-market losses on technology investments, first quarter net earnings attributable to Lennar in 2025 were $566.7 million, or $2.14 per diluted share, compared to first quarter net earnings attributable to Lennar in 2024 were $723.3 million or $2.58 per diluted share.

Financial information relating to our operations was as follows:

Three Months Ended February 28, 2025(In thousands)HomebuildingFinancial ServicesMultifamilyLennar OtherCorporateTotalRevenues:Sales of homes$7,240,546 — — — — 7,240,546 Sales of land35,326 — — — — 35,326 Other revenues7,998 277,077 63,196 7,402 — 355,673 Total revenues7,283,870 277,077 63,196 7,402 — 7,631,545 Costs and expenses:Costs of homes sold5,888,144 — — — — 5,888,144 Costs of land sold36,077 — — — — 36,077 Selling, general and administrative expenses615,739 — — — — 615,739 Other costs and expenses— 133,594 73,376 23,564 — 230,534 Total costs and expenses6,539,960 133,594 73,376 23,564 — 6,770,494 Equity in earnings (losses) from unconsolidated entities35,004 — 727 (2,497)— 33,234 Other income (expense), net and other gains (losses)30,359 — 9,430 (8,121)— 31,668 Lennar Other realized and unrealized losses from technology investments— — — (62,503)— (62,503)Operating earnings (loss)$809,273 143,483 (23)(89,283)— 863,450 Corporate general and administrative expenses— — — — 147,378