Seeking Alpha

Orders flatten out at KB Home; -2.7% premarket

  • Net orders in FQ4 of 1,556 homes were flat from a year ago, as are backlogs of 2,557 homes. Cancellation rate as a percentage of new orders is 36% vs. 35% a year ago.
  • 2,038 homes delivered fell 4% from a year ago. Average selling price of $301k up 11%.
  • Operating income as a percentage of revenue up 490 basis points to 7.6%. Adjusted gross profit margin of 19.8% up from 15.1%.
  • "We enter the new fiscal year with a strong land portfolio that supports our plans for community count growth as the substantial investments we have made in land and land development convert to open communities."
  • CC at 11:30 ET
  • Press release, FQ4 results
  • KBH -2.7% premarket
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs