The Motley Fool

OCTOBER 29, 2024

Mike Murray -- Executive Vice President, Chief Operating Officer Financial services earned $76 million of pre-tax income in the fourth quarter on $222 million of revenues, with a pre-tax profit margin of 34.2%. Somewhat a necessity given the supply chain, somewhat out of -- that's where the demand was given the tight resale market.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Leveraging 130

The Motley Fool

AUGUST 8, 2024

Additionally, under Howard's leadership, we've aligned the business to five verticals: financial services, automotive and manufacturing, healthcare and life sciences, airlines, and public sector, where we have significant domain expertise, allowing us to develop very targeted solutions to address industry-specific challenges.

Resale 130

Resale Consulting Consultants Accounting 130

The Motley Fool

SEPTEMBER 15, 2023

So, today, I'm in Miami together with Jon Jaffe, our co-CEO and president; Diane Bessette, our chief financial officer; Dave Collins, who you just heard from, our controller and vice president; and Bruce Gross, our CEO of Lennar financial services. So, starting with financial services. I'm not sure.

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

JUNE 15, 2023

And we're joined remotely from Miami by Rick Beckwitt, our co-CEO and co-president; Diane Bessette, our chief financial officer; David Collins, our comptroller and vice president; and Bruce Gross, our CEO of Lennar Financial Services. So, starting with financial services. So, now turning to the balance sheet.

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

JANUARY 23, 2024

Mike Murray -- Executive Vice President, Chief Operating Officer Financial services earned $66 million of pre-tax income in the first quarter on $193 million of revenues, resulting in a pre-tax profit margin of 34.3%. Obviously, resale inventory was incredibly tight.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

MAY 8, 2024

But what they did note the call the financial services and the technology platform segments, actually really contributed to these results this quarter, it was 42% of adjusted net revenue in the quarter. We can talk about financial services, that's things like SoFi money, which are the difference of accounts that they have.

Banks 130

Banks Resale Portfolios Professional Services 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. Our financial services result at a $7.9 We didn't have any such charges in 2022.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Taxes Banks 130

The Motley Fool

FEBRUARY 26, 2024

A third is industry with an emphasis on deepening our offerings in retail and hospitality, education and government, along with financial services, healthcare, professional services, and tech and media. So, that was a great indicator that full platform is resonating around financial services as well.

Securities and Exchange Commission (SEC) 130

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

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

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. billion to $1.3 billion, home closing gross margin of 23.5% Good morning, everyone.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Finance Financing 130

The Motley Fool

JULY 20, 2023

Mike Murray -- Executive Vice President and Co-Chief Operating Officer Financial services earned $94 million of pre-tax income in the third quarter on $229 million of revenues, resulting in a pre-tax profit margin of 41.2%. We expect our home sales gross margin in the fourth quarter to be approximately 23.5% in the fourth quarter.

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Taxes 130

The Motley Fool

AUGUST 3, 2023

Another example of how our digital business is enabling us to develop and deliver transformational solutions for our largest customers is with one of the biggest financial service companies in the United States. This customer is outsourcing its noncore services and has selected Iron Mountain to manage all of its records.

Leveraging 100

Leveraging Assets Capital Resale 100

The Big Picture

MAY 7, 2024

And when I told her I was leaving SoFi after four years, just ’cause I was done with my financial services chapter until now, and she said, Hey, I’ve got a company for you in LA that I’m just about to invest in with two great founders. Can you go meet them? And I said, what’s it about? Like, I don’t Right.

Startups 59

Startups Finance Financing Debt 59

The Big Picture

SEPTEMBER 5, 2023

The focus seems to be on other institutions that create employment like healthcare, medical, tech, medical type services. There’s been a lot of emphasis on sort of competing with New York, bringing financial services there. MILLER: That they’re going to move their location. RITHOLTZ: Wow.

Taxes 52

Taxes Banks Resale Accounting 52

The Motley Fool

OCTOBER 30, 2024

And Hilla will provide a financial overview of the third quarter and forward-looking guidance. We look forward to her insights, particularly in technology and financial services. The Financial Services profit of $3.1 The Financial Services profit of $5.7 Erin Lantz, to the Meritage family.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Finance Financing 130

Private Capital Investment in Latin America

MARCH 4, 2025

> #CVC Mercado Libres MELI Fund made an undisclosed investment in Carflix, a Brazilian car resale marketplace. Venture investment in resale marketplaces is on the rise, with recent deals for new unicorn Kavak (cars), Trocafone (electronics), and Repassa and GoTrendier (clothing). >

Crowdfunding 52

Crowdfunding Startups Resale Education 52

The Motley Fool

FEBRUARY 13, 2025

we secured a multiyear deal with a long-standing global financial services customer for our InSight DXP Solution. Some of the use cases include consumer lending, compliance, HR and benefits management, and providing a platform which future proofs the ability to search unstructured data. In the U.S.,

Leveraging 130

Leveraging Assets Capital Portfolios 130

The Motley Fool

JANUARY 21, 2025

Mike Murray -- Executive Vice President, Chief Operating Officer Financial services earned $49 million of pre-tax income in the first quarter on $182 million of revenues, resulting in a pre-tax profit margin of 26.7%. During the first quarter, our mortgage company handled the financing for 79% of our homebuyers. Appreciate that.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Leveraging Capital 130