Lennar Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended November 30, 2017. For the quarter, the company's net earnings attributable to the company were $309,590,000, or $1.29 per basic and diluted share, compared to $313,453,000, or $1.31 per basic and diluted share, in the fourth quarter of 2016. Total revenues were $3,785,569,000 compared with $3,376,626,000 a year ago. Earnings before income taxes were $461,983,000 compared with $461,379,000 a year ago. EBIT was $555,519,000 compared with $537,639,000 a year ago.

For the year, the company's net earnings attributable to the company were $810,480,000, or $3.38 per diluted share, compared to $911,844,000, or $3.86 per diluted share, a year ago. Total revenues were $12,646,365,000 compared with $10,949,999,000 a year ago. Earnings before income taxes were $1,189,611,000 compared with $1,330,469,000 a year ago. EBIT was $1,506,146,000 compared with $1,574,283,000 a year ago.

For the year 2018, the company expects tax rate for 2018 to be approximately 25%, excluding the onetime $70 million noncash deferred tax asset charge. The company expects 2018 operating margins to match the 2017 level of 12.9%. The full year gross margin is expected to be approximately 22%.