KB Home (KBH) Attributes 4Q Miss to Inclement Weather - FBR Capital Cuts PT to $11.50
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KB Home Reports 2015 Fourth Quarter and Full Year Results
January 7, 2016 6:30 AM ESTFourth Quarter Revenues Up 24% to $986 Million; Pretax Income Up Significantly to $70 Million
Backlog Value Increases 40% to $1.3 Billion
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH), one of the nations largest and most recognized homebuilders, today reported results for its fourth quarter and year ended November 30, 2015. Highlights and developments include the following:
Three Months Ended November 30, 2015
Total revenues grew 24% from the year-earlier quarter to $985.8 million, marking the Companys 17th consecutive quarter of year-over-year revenue increases.... More