KB Home (KBH) Tops Q4 EPS by 19c
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KB Home Reports 2020 Fourth Quarter and Full Year Results
January 12, 2021 4:10 PM EST
Fourth Quarter Total Revenues of $1.2 Billion; Diluted Earnings Per Share of $1.12
Gross Margin Expanded to 20.0%, Up 40 Basis Points
Net Order Value Rose 50%; Backlog Value Increased 63% to $3.0 Billion
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2020.
We had a strong finish to this extraordinary year, particularly with the 42% year-over-year increase in our fourth quarter net orders, said Jeffrey Mezger, Chairman, President and Chief Executive Officer. Housing market conditions continue to be robust, as the pandemic has helped propel... More
