Company: LEN
Filing Date: 2025-10-03
Form Type: 10-Q
Source: 0001628280-25-044086
Chunk: 145

Company: LENNAR CORP /NEW/
Filing Date: 2025-10-03
Form: 10-Q
Item: Item 8
Chunk 145
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(5,760)814,528 Other (2)14,341 17,341 (20.9)%(26,448)— 8,558 32,043 11,687 25,840 Totals$23,242,401 19,070,239 18.0 %2,191,085 (24,273)29,964 62,910 37,606 2,297,292 

Nine Months Ended August 31, 2024Gross MarginsOperating Earnings($ in thousands)Sales of Homes RevenueCosts of Sales of HomesGross Margin (Loss) %Net Margins  (Losses) on Sales of Homes (1)Gross Margins (Losses) on Sales of LandOther RevenuesEquity in Earnings (Losses) from Unconsolidated EntitiesOther Income, netOperating EarningsEast$6,044,179 4,410,341 27.0 %1,124,900 13,406 8,009 20,600 38,951 1,205,866 Central5,412,479 4,245,354 21.6 %717,845 (3,996)3,030 952 23,718 741,549 South Central3,548,464 2,737,784 22.8 %536,931 1,302 1,886 (3)10,808 550,924 West9,255,650 7,439,477 19.6 %1,262,084 (536)4,545 5,337 30,742 1,302,172 Other (2)16,386 22,131 (35.1)%(17,995)— 9,298 27,152 27,903 46,358 Totals$24,277,158 18,855,087 22.3 %3,623,765 10,176 26,768 54,038 132,122 3,846,869 

(1)Net margins on sales of homes include selling, general and administrative expenses.

(2)Negative gross and net margins were due to period costs in Urban divisions that impact costs of homes sold without sufficient sales of homes revenue to offset those costs.

36

Summary of Homebuilding Data

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