Lennar Releases Transcript of Q1 2026 Earnings Conference Call

Reuters

Mar 24

Lennar Releases Transcript of Q1 2026 Earnings Conference Call

Lennar held its first-quarter earnings conference call, attended by Executive Chairman and CEO Stuart Miller, CFO Diane Bessette, Controller and VP David Collins, Chief Legal Officer Katherine Martin, Lennar Financial Services CEO Bruce Gross, LenX President Eric Feder, and Area Presidents Jim Parker and David Grove.
Management said it sold 18,515 homes and started 17,425 homes, and reported gross margin of 15.2%.
The company reported net income of USD 229 million and EPS of USD 0.93, and said it ended the quarter with USD 2.1 billion of cash.
Bessette guided to second-quarter new orders of 21,000 to 22,000 homes and deliveries of 20,000 to 21,000 homes.
On the Q&A, Miller said the company had not seen significant recent movement in traffic or selling conditions despite rate volatility, and reiterated a full-year delivery target of 85,000 homes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lennar Corporation published the original content used to generate this news brief on March 24, 2026, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lennar Corporation published the original content used to generate this news brief on March 24, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LEN","symbol_name":"莱纳建筑公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260324:nNDL78W6NM:1","article_id":"2621095232","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621095232","pubTimestamp":1774363946,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Lennar held its first-quarter earnings conference call, attended by Executive Chairman and CEO Stuart Miller, CFO Diane Bessette, Controller and VP David Collins, Chief Legal Officer Katherine Martin, Lennar Financial Services CEO Bruce Gross, LenX President Eric Feder, and Area Presidents Jim Parker and David Grove.Management said it sold 18,515 homes and started 17,425 homes, and reported gross margin of 15.2%.The company reported net income of USD 229 million and EPS of USD 0.93, and said it ended the quarter with USD 2.1 billion of cash.Bessette guided to second-quarter new orders of 21,000 to 22,000 homes and deliveries of 20,000 to 21,000 homes.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lennar Corporation published the original content used to generate this news brief on March 24, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"conferences","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}