Second Quarter 2024 Highlights - comparisons to the prior year quarter

Net earnings per diluted share increased 15% to $3.45$3.38, excluding mark-to-market losses on technology investments and one-time gain on sale of a technology investmentNet earnings increased 9% to $954 millionNew orders increased 19% to 21,293 homesBacklog of 17,873 homes with a dollar value of $8.2 billionDeliveries increased 15% to 19,690 homesTotal revenues of $8.8 billionHomebuilding operating earnings of $1.3 billionGross margin on home sales of 22.6%S,G&A expenses as a % of revenues from home sales of 7.5%Net margin on home sales of 15.1%Financial Services operating earnings of $146 millionMultifamily operating loss of $20 millionLennar Other operating loss of $28 millionHomebuilding cash and cash equivalents of $3.6 billionYears supply of owned homesites of 1.2 years and controlled homesites of 79%No outstanding borrowings under the Company's $2.2 billion revolving credit facilityHomebuilding debt to total capital of 7.7%Redeemed $454 million aggregate principal amount of its 4.50% senior notes due April 2024Repurchased $100 million aggregate principal amount of its 4.75% senior notes due November 2027Repurchased 3.8 million shares of Lennar common stock for $603 million