The Motley Fool

SEPTEMBER 12, 2024

High mortgage rates mean homeowners aren't looking for new digs, which means fewer houses on the resale market. Obviously, that kind of business needs a tremendous amount of capital to work, and other companies have exited this field due to the cash crunch and economics. billion, just above the high end of guidance.

Resale 130

Resale Amortization Depreciation Earnings Before Interest 130

The Motley Fool

MAY 6, 2024

Revenue inched up 0.8%, helped by higher fees, but adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) and net income both declined. Its "House of Brands" strategy through which it's acquired marketplaces like Reverb, Depop, and Elo7 has cost the company valuable capital. Image source: Etsy.

Resale 130

Resale Amortization Depreciation Earnings Before Interest 130

The Motley Fool

MAY 16, 2024

adjusted EBIT impact, higher taxes of $0.08, and a noncontrolling interest impact of $0.03. The shortfall was due to a combination of a smaller benefit from working capital and higher-than-anticipated cash tax levels. The fourth quarter capital expenditures were $125 million and lease originations were $21 million.

Resale 130

Resale Consulting Consultants Debt 130

The Motley Fool

APRIL 18, 2024

Our consolidated pre-tax income increased 23% to $1.5 billion with a pre-tax profit margin of 16.8%. We continue to focus on capital efficiency to produce consistent, strong homebuilding operating cash flows and returns. Our capital efficient and flexible lot portfolio is a key to our strong competitive position.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Capital 130

The Motley Fool

OCTOBER 29, 2024

Horton team produced solid results to finish the year, highlighted by consolidated pre-tax income of $1.7 billion on revenues of $10 billion, with a pre-tax profit margin of 17.1%. For the year, earnings per diluted share increased 4% to $14.34, and our consolidated pre-tax income was $6.3 billion on revenues of $36.8

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Leveraging 130

The Motley Fool

NOVEMBER 7, 2024

year to year organically as services revenue was down 8% in line with prior quarter, and resale declined 19%. largely due to disciplined resource management, ongoing actions to optimize our data centers and networks, and the lower mix of resale revenue. We continue to expect a full-year non-GAAP effective tax rate of approximately 32%.

Resale 130

Resale Consultants Consulting Accounting 130

The Motley Fool

NOVEMBER 1, 2023

year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. Free cash flow for the quarter was $91 million, benefiting from our continued focus on working capital management and a lower level of capex. reduction from a higher tax rate and a $0.06

Resale 187

Resale Taxes Capital Assets 187

The Motley Fool

FEBRUARY 1, 2024

Focusing on these priorities will allow us to achieve our financial objectives, maintaining our solid investment-grade credit rating, investing back into the business, and delivering on our capital allocation priorities, including buybacks. The board and I are fully aligned on our capital allocation strategy. sequentially.

Resale 130

Resale Banks Capital Assets 130

The Motley Fool

JUNE 12, 2024

Finally, Q2 industrial resale of $234 million declined 10% year on year. And for fiscal '24, we now expect industrial resale to be down double-digit percentage year on year, compared to our prior guidance for high single-digit decline. We spent 132 million on capital expenditures. Turning to capital allocation.

Resale 246

Resale Banks Debt Portfolios 246

The Motley Fool

JULY 25, 2024

These tenants allow us to target the biggest piece of the potential homebuyer pool by effectively competing its resale inventory, not just in today's environment that favors builders but also when the resale market returns to historical averages. The second quarter's effective income tax rate was 22.1% from $5.02

Resale 130

Resale Securities and Exchange Commission (SEC) Leveraging Banks 130

The Motley Fool

NOVEMBER 16, 2023

Our performance has kept the Children's Place brands in the leadership position on social media, representing close to 50% of total social impressions among our children apparel resale competitive set. The company's provision for taxes reflects a benefit of $1.5 Capital expenditures in Q3 were approximately $6 million.

Securities and Exchange Commission (SEC) 188

Securities and Exchange Commission (SEC) Taxes Debt Resale 188

The Motley Fool

FEBRUARY 4, 2025

increase was primarily driven by higher adjusted EBIT of $0.10, lower net interest expense and taxes of $0.02 year to year organically and services revenue was down approximately 7% and resale fell approximately 16%. year to year organically, with services revenue down approximately 5% and resale revenue down about 30%.

Resale 130

Resale Consulting Consultants Capital 130

The Motley Fool

DECEMBER 15, 2023

billion plus or minus of net cash flow over the next year, we have the flexibility to invest capital strategically and growth while retiring debt as it matures and repurchasing shares of Lennar stock, which we expect to repurchase at least $2 billion of stock over the next year. We expect our tax rate to be about 24.5% We spent 1.5

Resale 130

Resale Debt Assets Financial Services 130

The Motley Fool

JANUARY 23, 2024

Our consolidated pre-tax income was $1.2 billion, with a pre-tax profit margin of 16.1%. We expect our housing inventory turns to improve in fiscal 2024 compared to fiscal 2023 and our ongoing focus on capital efficiency to produce strong homebuilding operating cash flows and consistent returns. For the first quarter, the D.R.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

AUGUST 31, 2023

Finally, Q3 industrial resales of $236 million declined 3% year on year, reflecting weak demand in China. And in Q4, though, we expect an improvement with industrial resales up low single-digit percentage year on year, reflecting largely seasonality. We spent $122 million on capital expenditures. Turning to capital allocation.

Mergers and Acquisitions 246

Mergers and Acquisitions Resale Banks Legal 246

The Motley Fool

AUGUST 8, 2024

While resale revenues performed as expected, down 28% year over year, services revenue declined 8% helped by higher-than-anticipated in-quarter volumes. The lower mix of resale revenue also contributed to the year-to-year margin improvement. Moving to GIS. Profit margin expanded over two points to 7.3%. The book-to-bill ratio was 0.67

Resale 130

Resale Consulting Consultants Accounting 130

The Motley Fool

SEPTEMBER 15, 2023

It seems that we have entered a phase of more measured adjustments in order to curtail inflation while the Fed shrinks its balance sheet by approximately $100 billion per month and engages other mechanisms to reduce capital in the market. debt to total capitalization, down from 13.3% We expect our tax rate to be about 24.5%.

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

JULY 30, 2024

Operator instructions] At this time, I would like to turn the call over to Joshua Fattor, executive vice president of investor relations and capital markets. Pretax net income for the quarter was approximately $77 million, representing a pre-tax profit margin of 12.8%. million of capitalized interest charged cost of sales and $1.2

Leveraging 130

Leveraging Taxes Debt Resale 130

The Motley Fool

APRIL 11, 2024

The actions we are taking today will position us to capitalize disproportionately when the category returns to growth, which it will. We launched a new order management system that should further enhance customer satisfaction, improve delivery metrics around timeline expectations, and increase efficiency of working capital.

Resale 130

Resale Leveraging Capital Investing 130

The Motley Fool

AUGUST 1, 2024

Consistent with previous reporting practices, adjusted production numbers cited in today's call are adjusted to exclude noncontrolling interest in Egypt and Egypt tax barrels. We are realizing greater-than-expected cost savings from the Callon acquisition and have a clear pathway and plan to improving capital efficiency on those assets.

Capital 130

Capital Taxes Debt Assets 130

The Motley Fool

JUNE 15, 2023

So, let me go ahead and begin by saying that we are quite pleased to report that the Lennar team has remained focused on production and pace, cash flow, inventory turns, and return on capital, and we have again produced strong and consistent results for the quarter. debt to total capital capitalization ratio, down from 14.2

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

MARCH 7, 2024

And finally, Q1 industrial resales of $215 million declined 6% year on year. In fiscal '24, we continue to expand industrial resales to be down high single digits year upon year. We spent $122 million on capital expenditures. Turning to capital allocation. Free cash flow in the quarter was $4.7 We repurchased $7.2

Resale 188

Resale Debt Banks Shareholders 188

The Motley Fool

NOVEMBER 5, 2024

At this time, I'll turn the call over to Joshua Fattor, executive vice president of investor relations and capital markets. Given when we acquired these communities, the capital invested in their development, and the rising cost of replacement projects, their inherent value is substantial. You may begin. million or 12.8% of revenue.

Debt 130

Debt Capital Banks Resale 130

The Motley Fool

JULY 20, 2023

Our consolidated pre-tax income was $1.8 billion, with a pre-tax profit margin of 18.3%. We are focused on consolidating market share by supplying more homes to meet homebuyer demand, while maximizing the returns and capital efficiency each of -- in each of our communities. For the third quarter, the D.R. per diluted share.

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Taxes 130

The Motley Fool

FEBRUARY 2, 2024

Before I move on to our financial results and guidance, a brief update on our recent real estate and capital markets activity. in the aggregate, including property taxes, which represented approximately 36% of our total operating expenses and are projected to increase approximately 3% in 2024. Insurance represents 7.5% Please go ahead.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

SEPTEMBER 11, 2024

As we head into the fall season, we are maintaining our disciplined inventory allocations, which we believe will enable us to be less reliant on promotions to sell through inventory and capitalize on any momentum shifts we may see, though we still expect IMU to be a continued headwind as our athletic inventory expands. million last year.

Taxes 130

Taxes Leveraging Consultants Consulting 130

The Motley Fool

JANUARY 19, 2024

We significantly reduced working capital by a total of about $600 million on a sequential quarterly basis, and this includes the benefit from a partial reduction of our inventory levels. In a variety of cases, we also simplified and improved our product offering, allowing us to reduce complexity and drive down working capital.

Leveraging 130

Leveraging Resale Taxes Capital 130

The Motley Fool

SEPTEMBER 3, 2023

Now it's just a matter of execution and capital allocation. But fans were understandably frustrated, especially when they hopped on over to the secondary or resale ticket market and found tickets for, in some cases, thousands of dollars. Deidre Woollard: Yeah, definitely.

Investors 242

Investors Resale Initial Public Offering Shareholders 242

The Motley Fool

APRIL 26, 2024

During the spring selling season with a healthy supply of move-in ready inventory, we were able to capitalize on strong market conditions generated by the increasing need for housing for millennials and Gen Zs as well as the move-down Baby Boomers who continue to find our limited inventory, limited availability of resale housing supply.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Finance Financing 130

The Motley Fool

AUGUST 1, 2023

And lastly, the resale home market remains tight as existing buyers are hesitant to leave their low rate mortgages, which limits available inventory and helps to increase new home demand. The second quarter's effective income tax rate was 22% in 2023 compared to 24.6% and an effective tax rate of about 22.5% billion to $6.07

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Taxes Banks 130

The Motley Fool

FEBRUARY 1, 2024

As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. The fourth quarter's effective income tax rate was 23.2%

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Finance Financing 130

SuperAngel.Fund

JANUARY 19, 2024

After all, a key ‘perk’ to private market investing is to capitalize on ‘private’ information that the general public may not know. VC Activity ⬇️ According to PitchBook and the National Venture Capital Association, 2023 saw the lowest level of venture investment activity in the U.S. since 2019.

Startups 69

Startups Due Diligence Angel Investors Deal Flow 69

The Motley Fool

AUGUST 3, 2023

Consistent with previous reporting practices, adjusted production numbers cited in today's call are adjusted to exclude noncontrolling interest in Egypt and Egypt tax barrels. and Egypt, a reduction in year-over-year per unit LOE and G&A costs, working capital improvements in Egypt, and the appraisal of Krabdagu in Suriname.

Capital 100

Capital Shareholders Banks Resale 100

The Motley Fool

SEPTEMBER 12, 2024

As Keith will review, we intend to continue to operate and deploy capital with discipline, focused on delivering long-term sustainable profitable growth that should create value for all of our stakeholders. During the second quarter of fiscal 25, we recorded an income tax benefit of $1.8 Net loss for the quarter was $5.9

Leveraging 130

Leveraging Finance Financing Capital 130

The Motley Fool

AUGUST 16, 2023

Income tax expense increased by 144% year on year to 11.1 billion renminbi due to pre-tax profit growth, increased withholding tax provision, and a true-up of deferred tax adjustments related to an overseas subsidiary. IFRS net profit attributable to equity holders was 26.2 billion renminbi, up 41% year on year.

Accounting 130

Accounting Leveraging Consulting Consultants 130

The Motley Fool

FEBRUARY 26, 2024

billion valuation allowance release related to our US deferred tax assets. The FY '25 non-GAAP tax rate is 19%. In addition, we expect FY '25 capital expenditures of approximately $330 million. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Professional Services Education Banks 130

The Motley Fool

OCTOBER 30, 2024

Any move higher in rates will likely hurt our competitors more than Compass, as they don't have the capital, technology and operational resources to scale in markets like the one we are in today, which will allow us to continue to gain share and increase our pipeline of M&A opportunities at favorable economics. million of for tax refund.

Legal 130

Legal Prospects Leveraging Resale 130