Lennar sees Q1 EPS $1.60-$1.80, consensus $2.57

Says majority of what is purchased through supply chain is made in the U.S. Says potential impact of immigration policies is ‘difficult to assess’. Says will continue strategy of pricing to market. Says continues to migrate to goal of becoming land-light. Sees 86,000-88,000 deliveries in FY25. Sees Q1 new orders 17,500-18,000 homes. Sees Q1 deliveries 17,000-17,500. Sees gross margins 19%-19.25%.

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