Lennar (LEN) Revenue — Quarter Ended May 31, 2024
Revenue rose in the quarter, reflecting strong performance. The increase was supported by gains compared to both the prior period and the same period a year ago.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q2
Revenue rose in the quarter, reflecting strong performance. The increase was supported by gains compared to both the prior period and the same period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.8B
Revenue reported for this quarter.
Quarter-over-quarter
+19.9%
Change from the immediately preceding quarter.
Year-over-year
+9.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 31, 2023 | $8.7B | -2.3% |
| Nov 30, 2023 | $11B | +7.8% |
| Feb 29, 2024 | $7.3B | +12.7% |
| May 31, 2024 | $8.8B | +9.0% |
Revenue performance
Sequential revenue growth was reported, marking an improvement from the preceding quarter. Year-over-year revenue also increased, sustaining a positive trend.
Quarterly comparison
Compared to the immediately preceding quarter, revenue advanced. When measured against the same quarter one year earlier, revenue also showed a gain.
What to watch
Market observers may monitor whether revenue growth can be maintained in upcoming quarters.