KB Home Reports 2018 Second Quarter Results
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KB Home (KBH) Tops Q2 EPS by 9c, Beats on Revenues
June 28, 2018 4:12 PM EDTKB Home (NYSE: KBH) reported Q2 EPS of $0.57, $0.09 better than the analyst estimate of $0.48. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.04 billion.
In the quarter, we produced double-digit revenue growth, expanded our operating margin and significantly improved our profitability, reflecting solid execution on our core business strategy, said Jeffrey Mezger, chairman, president and chief executive officer. Moreover, we measurably increased our absorptions per community by 15%. This result underscores our success in attracting consumers with our personalized Built-to-Order homebuying experience and the targeted positioning of our communities in... More
