Seeking Alpha

More on KB Home FQ1: Makes FQ1 profit for first time in 7 years

  • KB Home (KBH) swings to a net profit of $10.6M from a loss of $12.5M a year earlier, the first time that the company has made a net profit in Q1 since 2007.
  • Average selling price +12% to $305,200.
  • Net orders +18% to $600.2M.
  • Backlog +21% to $851.6M
  • Delivered 1,442 homes vs 1,485 a year earlier, as a decrease in the West Coast was mostly offset by increases in KB Home's three other regions.
  • Confident of strong results in the coming quarters.
  • Shares +7.5% premarket. (PR)
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    Keep me posted
    19 Mar 2014, 09:47 AM Reply Like
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