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Last updated on June 3, 2012 at 17:03 EDT

News - Rialto Investments

2012-03-27 02:28:10

Net earnings of $15.0 million, or $0.08 per diluted share, compared to $27.4 million, or $0.14 per diluted share, in prior year, which included $37.5 million, or $0.19 per diluted share, related to the receipt of a non-recurring litigation settlementDeliveries of 2,482 homes - up 29%New orders of 3,022 homes - up 33%; cancellation rate of 18%Backlog of 2,711 homes - up 39%Revenues of $724.9 million - up 30%Gross margin on home sales of 20.9% - improved 90 basis pointsS,G&A expenses as a % of revenues from home sales of 14.9% - improved 150 basis points Operating margin on home sales of 6.0% - improved 240 basis pointsLennar Homebuilding operating earnings of $20.0 million, compared to $35.5 million in prior year, which included $37.5 million related to the receipt of a non-recurring litigation settlementLennar Financial Services operating earnings of $8.3 million, compared to $1.2 millionRialto Investments operating earnings of $9.4 million (including $4.3 million of net loss attributable to noncontrolling interests), compared to operating earnings of $11.0 million (net of $12.0 million of net earnings attributable to noncontrolling interests)Rialto Investments operating earnings include net gains in the AB PPIP fund of $8.4 million, primarily related to unrealized gains as a result of mark-to-market adjustments, compared to gains totaling $2.0 million in Q1 2011Lennar Homebuilding cash and cash equivalents of approximately $800 million Lennar Homebuilding debt to total capital, net of cash and cash equivalents, of 49.6% Lennar Corporation (NYSE: LEN and LEN.B)

2012-01-11 05:00:00

MIAMI, Jan.

2011-09-19 05:00:00

MIAMI, Sept.

2011-06-23 05:00:00

MIAMI, June 23, 2011 /PRNewswire/ -- Revenues of $764.5 million - up 37% from Q1 2011; down 6% from Q2 2010 Net earnings of $13.8 million, or $0.07 per diluted share, compared to $39.7 million in Q2 2010, or $0.21 per diluted share, which included $11.0 million, or $0.06 per diluted share, benefit for income taxesLennar Homebuilding operating earnings of $21.2 million, compared to $35.5 million in Q1 2011 and $29.5 million in Q2 2010 Gross margin on home sales of 19.4%:Down 60 basis points from Q1 2011Down 120 basis points from Q2 2010S,G&A expenses as a % of revenues from home sales of 14.9%Improved 150 basis points from Q1 2011Up 100 basis points from Q2 2010Operating margin on home sales of 4.4% Improved 80 basis points from Q1 2011Down 230 basis points from Q2 2010Lennar Financial Services operating earnings of $2.5 million, compared to $13.7 million in Q2 2010Rialto Investments operating earnings totaled $9.8 million (net of $12.9 million of net earnings attributable to noncon

2011-03-29 05:00:00

MIAMI, March 29, 2011 /PRNewswire/ -- Revenues of $558.0 million - down 3%Net earnings of $27.4 million, or $0.14 per diluted share, compared to net loss of ($6.5) million, or ($0.04) per diluted shareLennar Homebuilding operating earnings of $35.5 million, compared to $5.5 millionGross margin on home sales of 20.0% - improved 80 basis pointsS,G&A expenses as a % of revenues from home sales of 16.4% - up 60 basis pointsOperating margin on home sales of 3.6% - improved 20 basis pointsLennar Financial Services operating earnings of $1.2 million, compared to a loss of ($0.9) millionRialto Investments operating earnings of $11.0 million (net of $12.0 million of net earnings attributable to noncontrolling interests), compared to a loss of ($1.0) million Deliveries of 1,923 homes - down 4%New orders of 2,267 homes - down 12%; cancellation rate of 17%Backlog of 1,948 homes - down 12%Lennar Homebuilding cash and cash equivalents of $1.0 billion Lennar Homebuilding debt to total capital, n

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