Financial Performance Over the Last Decade
Gelati began by examining the company's impressive financial growth over the past ten years. He noted that Lennar Corp (NYSE:LEN)'s earnings before taxes (EBT) had grown by an average of 24% annually. This robust growth was accompanied by significant improvements in the company's liquidity, which increased from $1 billion to $6 billion between 2018 and 2023. Additionally, Lennar successfully reduced its debt from $8.5 billion to a much more manageable level.Membership Required
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