Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 49

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 1
Chunk 49
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38 per diluted share.

Financial information relating to our operations was as follows:

Three Months Ended May 31, 2025(In thousands)HomebuildingFinancial ServicesMultifamilyLennar OtherCorporateTotalRevenues:Sales of homes$7,788,275 — — — — 7,788,275 Sales of land43,195 — — — — 43,195 Other revenues12,392 298,098 230,305 5,237 — 546,032 Total revenues7,843,862 298,098 230,305 5,237 — 8,377,502 Costs and expenses:Costs of homes sold6,402,532 — — — — 6,402,532 Costs of land sold56,173 — — — — 56,173 Selling, general and administrative expenses688,847 — — — — 688,847 Other costs and expenses— 140,818 254,677 30,025 — 425,520 Total costs and expenses7,147,552 140,818 254,677 30,025 — 7,573,072 Equity in earnings (losses) from unconsolidated entities17,716 — (5,269)(331)— 12,116 Other income, net and other gains14,208 — 14,887 1,664 — 30,759 Lennar Other unrealized losses from technology investments— — — (29,440)— (29,440)Operating earnings (loss)$728,234 157,280 (14,754)(52,895)— 817,865 Corporate general and administrative expenses— — — — 155,853 155,853 Charitable foundation contribution— — — — 20,131 20,131 Earnings (loss) before income taxes$728,234 157,280 (14,754)(52,895)(175,984)641,881 

32

Three Months Ended May 31, 2024(In thousands)HomebuildingFinancial ServicesMultifamily Lennar OtherCorporateTotalRevenues:Sales of homes$8,357,750 — — — — 8,357,750 Sales