Lennar Corp. logged net earnings attributable to the company of roughly $513.4 million, or $1.59 per share, for its fiscal third quarter ended Aug. 31, compared with roughly $453.2 million, or $1.37 cents per share, over the same period in 2018.
The S&P Global Market Intelligence consensus normalized EPS estimate for the third quarter was $1.32 per share.
The company posted homebuilding operating margins of $657.1 million, up from $614.7 million in the same period last year. New orders totaled 13,369 homes, marking a year over year increase of 9%, and the new order dollar value was up 3% year over year to $5.2 billion.
Lennar had a backlog of 18,908 homes, down 2% from the year-ago period, and the dollar value of the backlog was down 9% to $7.6 billion.
Total revenues came to roughly $5.86 billion, up from $5.67 billion in the three months ended Aug. 31, 2018.
