- Net earnings of $87.1 million, or $0.40 per diluted share, compared to net earnings of $20.7 million, or $0.11 per diluted share
- Deliveries of 3,655 homes - up 28%
- New orders of 4,198 homes - up 44%; cancellation rate of 17%
- Backlog of 4,513 homes - up 79%; backlog dollar value of $1.3 billion - up 95%
- Revenues of $1.1 billion - up 34%
- Gross margin on home sales of 23.2% - improved 210 basis points
- S, G&A expenses as a % of revenues from home sales of 12.0% - improved 230 basis points
- Operating margin on home sales of 11.2% - improved 440 basis points
- Lennar Homebuilding operating earnings of $71.3 million, compared to $27.1 million
- Lennar Financial Services operating earnings of $25.3 million, compared to $8.0 million
- Rialto Investments operating earnings totaled $7.7 million (including $13.4 million of net loss attributable to noncontrolling interests), compared to $5.7 million (net of $6.1 million of net earnings attributable to noncontrolling interests)
- Lennar Homebuilding cash and cash equivalents of $692.0 million
- Issued $400 million of 4.75% senior notes due 2017
- Completed the repurchase of $204.7 million aggregate principal amount of 5.95% senior notes due 2013 through a tender offer, resulting in a $6.5 million pre-tax loss
- No outstanding borrowings under the $525 million credit facility
- Lennar Homebuilding debt to total capital, net of cash and cash equivalents, of 47.7%
Lennar Corporation, founded in 1954, is one of the nation's leading
builders of quality homes for all generations. The Company builds
affordable, move-up and retirement homes primarily under the Lennar
brand name. Lennar's Financial Services segment provides mortgage
financing, title insurance and closing services for both buyers of the
Company's homes and others. Lennar's Rialto Investments segment is
focused on distressed real estate asset investments, asset management
and workout strategies. Previous press releases and further information
about the Company may be obtained at the "Investor Relations" section of
the Company's website, www.lennar.com. About InvestorIdeas.com:
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CGA is listed on the main board of the Toronto Stock Exchange and
ASX. The Masbate Gold Project in the Philippines was successfully
constructed with first gold poured mid-2009. The project has a total
measured and indicated resource base of 5.13M ounces of gold, total
inferred resource base of 2.83M ounces of gold and a proven and probable
reserve of 3.097M ounces of gold.
The Company announced today that on September 14, 2012, the U.S.
Patent & Trademark Office ("PTO") issued an Order granting
Syntroleum Corporation's (SYNM) August 17th request for inter partes
reexamination of U.S. Patent No. 8,187,344 and also issued an Office
Action rejecting all claims of the patent as obvious in view of the
prior art. The '344 patent is the subject of a patent suit filed by
Neste Oil Oyj against Syntroleum on May 29, 2012 in the District of
Delaware. The '344 patent is related to and shares the same inventors as
a prior Neste patent (U.S. Patent No. 7,279,018), and both are directed
to a fuel composition for diesel engines. The PTO's recent Order is
consistent with a prior finding on March 22, 2012 by the PTO's Board of
Patent Appeals and Interferences affirming the Examiner's rejection of
the '018 patent's claims because "the evidence of record as a whole
supports the Examiner's conclusion that the fuel composition as claimed
would have been obvious to one of ordinary skill in the art ...". Neste
declined to appeal this ruling and on July 31, 2012, the PTO issued a
Reexamination Certificate canceling all claims of the '018 patent.
About TSX 
About FieldPoint Petroleum Corporation 
About TSX
This press release may contain projections and other
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Act of 1934, as amended, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Any
such projections or statement reflect the company's current views with
respect to future events and financial performance. No assurances can be
given, however, that these events will occur or that such projections
will be achieved and that actual results could differ materially from
those projected. A discussion of important factors that could cause
actual results to differ from those projected, such as decreases in oil
and gas prices and unexpected decreases in oil and gas production is
included in the company's periodic reports filed with the Securities and
Exchange Commission (at 
Denison Mines Corp. is a uranium exploration and development 
Kratos Defense & Security Solutions, Inc. (KTOS) is a
specialized National Security technology business providing mission
critical products, services and solutions for United States National
Security. Kratos' core capabilities are sophisticated engineering,
manufacturing and system integration offerings for National Security
platforms and programs. Kratos' areas of expertise include Command,
Control, Communications, Computing, Combat Systems, Intelligence,
Surveillance and Reconnaissance (C5ISR), satellite communication
systems, unmanned systems, cyber warfare, cyber security, information
assurance, and critical infrastructure security. Kratos has primarily an
engineering and technically oriented work force of approximately 4,400.
The vast majority of Kratos' work is performed on a military base, in a
secure facility or at a critical infrastructure location. Kratos'
primary end customers are National Security related agencies. News and
information are available at 
Research more cleantech stocks on global stock exchanges - and up to 1400 at 
Research more cleantech stocks on global stock exchanges - and up to 1400 at 
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