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 Capital Debt 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

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 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 Financing Finance 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 Companies 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) Taxes Resale Banks 130

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 57

Startups Financing Finance Companies 57

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 Banks 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 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