More on KB Home (KBH): Home deliveries of 1,720, +7% Y/Y. Average selling price of $245.1K, +8%...

|About: KB Home (KBH)|By:, SA News Editor

More on KB Home (KBH): Home deliveries of 1,720, +7% Y/Y. Average selling price of $245.1K, +8% Y/Y. Gross profit margin +60 bps Y/Y to 17.5%. Net orders +3% Y/Y to 1,900 homes. Cancellation rate of 29%, unchanged Y/Y. Backlogs +18% Y/Y to 3,142 homes. Net income of $3.3M was assisted by an income tax benefit of $10.7M. Shares -2.4% premarket. (PR)