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LENNAR CORPORATION WINS TOP COMPANY OF THE YEAR AWARD

 LENNAR CORPORATION WINS TOP COMPANY OF THE YEAR AWARD
 MIAMI, April 29 /PRNewswire/ -- Lennar Corporation (NYSE: LEN), one of the nation's leading homebuilding and real estate companies based in Miami, was honored tonight as the 1992 Top Company of the Year by New Miami magazine and the professional services firm of Deloitte & Touche.
 The award was announced by Sherrill Hudson, group managing partner for Deloitte & Touche in Florida and Puerto Rico, and Richard W. Tobin, chairman of New Miami, during a reception at the Hotel Inter- Continental in downtown Miami.
 Leonard Miller, chairman of the board and president accepted the award on behalf of Lennar Corporation.
 About 150 private and public companies in Dade and Broward counties were asked to participate in the Top Company of the Year selection process. Nominees were judged on corporate financial performance, local employment, and civic and charitable contributions. Lennar was selected from a list of five finalists which included Blockbuster Entertainment Corp., International Air Leases, Inc., John Alden Financial Corp., and Knight-Ridder, Inc.
 "Lennar Corporation's financial performance in 1991 and the first quarter of 1992 has been outstanding," said Sherrill Hudson. "Leonard Miller has demonstrated that planning strategically for economic cycles can lead to success even during challenging times for the real estate industry. Many real estate companies have gone out of business during the latest recession. Lennar, on the other hand, has prospered and is picking up market share."
 Lennar recently announced record first-quarter 1992 earnings of $8.1 million, the highest first-quarter earnings in the company's 37- year history. For Lennar's fiscal year ended Nov. 30, 1991, the company posted earnings of $21,148,000 on revenues of $325,743,000. This represents a 55 percent increase in earnings over fiscal 1990.
 -0- 4/29/92 R
 /CONTACT: Barbara Peterson of Deloitte & Touche, 305-372-3106/
 (LEN) CO: Lennar Corporation ST: Florida SU: CST SU:


JB-SS -- FL008X -- 4768 04/30/92 09:07 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
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