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lennar 1998 AR
Lennar Corporation grew significantly in 1998 through adherence to core values and strategies of operational simplicity, strategic acquisitions, diversified earnings, and balance sheet strength. Key accomplishments included 73% earnings per share growth, reduced homebuilding debt ratio, and 63% increased shareholders' equity. Lennar's simple operating model of focused geographic markets, standardized home features, and emphasis on quality helped drive efficient growth. Acquisitions expanded operations across high-growth states while diversifying earnings. Maintaining a prudent balance sheet positions Lennar for continued long-term growth.
