KB Home

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KB Home Reports 2022 Second Quarter Results

Published: 06/22/2022 20:22 GMT
KB Home (KBH) - Reports 2022 Second Quarter Results.
Q2 Earnings per Share $2.32.
Q2 Revenue Rose 19 Percent to $1.72 Billion.
Qtrly Homes Delivered Were Essentially Even at 3,469.
Will Remain Strategic in Our Capital Allocation Decisions to Maximize Returns in This Environment.
Qtrly Net Order Value Up 4% to $2.12 Billion.
Qtrly Ending Backlog Value Up 43% to $6.12 Billion.
Sees Fiscal 2022 Housing Revenues in the Range of $7.30 Billion to $7.50 Billion.
Sees Fiscal 2022 Average Selling Price to Be Approximately $500,000.
Inventories Grew 16% to $5.56 Billion As of May 31, 2022 Compared to November 30, 2021.
Ending Backlog Grew 23% to 12,331 Homes at Quarter End.
Q2 Earnings per Share View $2.03, Revenue View $1.64 Billion -- Refinitiv Ibes Data (analyst estimates).