KB Home

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Other Pre-Announcement

KB Home Says Qtrly Homes Delivered Increased 6% To 3,615

Published: 09/21/2022 21:28 GMT
KB Home (KBH) - Q3 Earnings per Share $2.86.
Reports 2022 Third Quarter Results.
Q3 Revenue Rose 26 Percent to $1.84 Billion.
Qtrly Homes Delivered Increased 6% to 3,615.
Quarter-ending Backlog Value Up 9% to $5.26 Billion.
Sees Q4 Housing Revenues in the Range of $1.95 Billion to $2.05 Billion.
Sees Average Selling Price Expected to Be Approximately $503,000 in Q4.
Qtrly Net Orders of 2,040 and Net Order Value of $979.0 Million, Decreased 50% and 51%, Respectively.
Ongoing Supply Chain Constraints Will Also Impact 2022 Fourth Quarter.
Decrease in Qtrly Net Orders Reflects Lower Demand Stems From Higher Mortgage Interest Rates, Inflation, Various Macroeconomic Concerns.
Long-term Outlook for the Housing Market Remains Favorable.
Well Positioned With Our Built-to-order Business Model an Backlog of Over 10,700 Homes, Which We Expect to Deliver Over Next Three Quarters.
Q3 Earnings per Share View $2.67, Revenue View $1.87 Billion -- Refinitiv Ibes Data (analyst estimates).