Lennar Corporation (LEN)

The company now

Lennar reported third-quarter 2026 net earnings of $284 million, or $1.19 per diluted share, on 16 September, down from $591 million, or $2.29 per diluted share, a year earlier 2.

The newest filing is a current report: on 15 October 2026 Lennar settled an offering of two $300 million series of senior notes, due 2029 and 2032 3. The company said it intends to use the net proceeds for general corporate purposes 3.

Executive Chairman and Chief Executive Officer Stuart Miller said the $1.19 per share was below expectations and that conditions had deteriorated since the last earnings call 2. He pointed to mortgage rates near 6.8 percent at quarter end and weaker consumer confidence 2.

Deliveries fell 3 percent to 20,840 homes and new orders fell 9 percent to 20,879 homes 2. The company moderated its full-year 2026 delivery target to about 80,000 to 81,000 homes, from 82,000 to 83,000 2.

For the fourth quarter the company expects about 22,000 to 23,000 deliveries at a gross margin of 15.5 to 16.0 percent on home sales 2.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.