- Deliveries of 3,060 homes up 19% Y/Y; ASP of $387.4K up 2%.
- Adjusted housing gross profit margin of 21.6% down 60 basis points from a year ago.
- Net orders of 2,254 up 20% in units; up 27% in value to $856M.
- Backlog value of $1.5B up 19%, and is the highest since 2006.
- For the full year, deliveries of 9,829 homes was up 20%; ASP gained 3% to $363.8K.
- Earnings call at 5 ET
- Previously: KB Home beats by $0.01, beats on revenue (Jan. 11)
- KBH +2.75% after hours