KB Home (KBH) Tops Q4 EPS by 2c, Revenues Miss
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KB Home Reports 2019 Fourth Quarter and Full Year Results
January 9, 2020 4:10 PM EST
Fourth Quarter Revenues Grew 16% to $1.56 Billion
Diluted Earnings Per Share Increased 36% to $1.31
Net Orders Rose 38%; Net Order Value Expanded 43%; Backlog Value Grew 26%
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2019.
The fourth quarter marked an excellent finish to fiscal 2019, with particular strength in two key metrics net order growth and housing gross profit margin, said Jeffrey Mezger, Chairman, President and Chief Executive Officer. Our net orders advanced 38% year over year, reflecting strong demand for our... More
