Lennar Corporation (LEN) Q1 2026 Earnings Call Transcript
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SA Transcripts158.97K FollowersFollow5ShareSaveCommentsQ1: 2026-03-12 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.88 misses by $0.07 | Revenue of $6.62B (-13.26% Y/Y) misses by $281.45M Lennar Corporation (LEN) Q1 2026 Earnings Call March 13, 2026 11:00 AM EDT Company Participants David Collins - VP & ControllerStuart Miller - Executive Chairman & CEOJim Parker - Area President of Homebuilding & LandDavid Grove - Area President of Homebuilding & LandDiane Bessette - CFO & VP Conference Call Participants Alan Ratner - Zelman & Associates LLCStephen Kim - Evercore ISI Institutional Equities, Research DivisionSusan Maklari - Goldman Sachs Group, Inc., Research DivisionJohn Lovallo - UBS Investment Bank, Research Division Presentation Operator Welcome to Lennar's First Quarter Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. I will now turn the call over to David Collins for the reading of the forward-looking statement. David CollinsVP & Controller Thank you, and good morning, everyone. Today's conference call may include forward-looking statements, including statements regarding Lennar's business, financial condition, results of operations, cash flows, strategies and prospects. Forward-looking statements represent only Lennar's estimates on the date of this conference call and are not intended to give any assurance as to actual future results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Many factors could affect future results and may cause Lennar's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in our earnings release and our SEC filings, including those under the caption Risk Factors contained in Lennar's annual report on Form 10-K most recently filed with the SEC. Please note that Lennar assumes no obligation to update any forward-looking statements. Operator I would now like to introduce your host, Mr. Stuart Miller, Executive Chairman. Sir, you may begin. Stuart