Lennar (LEN): FY25 Q3 earnings call, Sep 19, 2025

Fri, Sep 19Earnings callSpeaker-labelled transcriptLennar

No Kalshi or Polymarket word markets were listed for Lennar’s Sep 19, 2025 earnings call (FY25 Q3). The transcript is searchable below (quotes of at most 25 words).

Updated

Transcript

quotes of at most 25 words

Speaker-labelled transcript · Source and credits · Used to count words; quotes of at most 25 words.

11 matches for “Incentive”; 5 quoted, at least 25 words apart.

Stuart Millercompanyprepared

…our third quarter. Sales volume was difficult to maintain and required additional incentives in order to achieve our expected pace and to avoid building excess…

Stuart Millercompanyprepared

…has been reflected historically. As a result, during the third quarter, sales incentives rose to 14.3%, reducing our gross margin to 17.5%, which was lower…

Jonathan Jaffecompanyprepared

…to challenge customers throughout all of our markets in the quarter as incentives increased by approximately 100 basis points to achieve our sales targets. It…

Alan Ratneranalystqa

…way maybe you're thinking about the longer term. I guess from an incentive standpoint, I'm just curious, have you already started to dial back some…

Michael Rehautanalystqa

…here is that even if you were to drop margins or raise incentives to keep that, you really wouldn't ultimately even be successful in what…

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