Lennar (LEN): FY25 Q4 earnings call, Dec 17, 2025

Wed, Dec 17Earnings callSpeaker-labelled transcriptLennar

No Kalshi or Polymarket word markets were listed for Lennar’s Dec 17, 2025 earnings call (FY25 Q4). 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.

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

Stuart Millercompanyprepared

…and affordability. Sales volume has been difficult to maintain and required additional incentives to achieve our expected pace and to avoid an unintended buildup of…

Stuart Millercompanyprepared

…provide ready supply for the new year. During the first quarter, sales incentives remained relatively flat at 14%, but reducing our gross margin to 17%,…

Stuart Millercompanyprepared

…improve, and they will improve dramatically. We always keep in mind that incentives in normalized market conditions run in the 4% to 6% range as…

Jonathan Jaffecompanyprepared

…inventory levels and price discovery data, designed to set the price and incentives for each community to maintain the targeted sales pace. This maximizes sales…

Jonathan Jaffecompanyprepared

…the easing of pressure on our sales targets resulted in new order incentives decreasing by 70 basis points quarter-over-quarter. Next, I'll discuss our volume-oriented production-first…

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