KB Home (KBH) Shares Drop 4% Following Q4 Miss
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KB Home Reports 2022 First Quarter Results
March 23, 2022 4:10 PM EDT
Total Revenues Increased 23% to $1.40 Billion; Diluted Earnings Per Share Grew 44% to $1.47
Operating Income Margin Improved 220 Basis Points to 12.2%; Gross Margin Increased to 22.4%
Net Order Value Up 15% to $2.15 Billion; Ending Backlog Value Up 55% to $5.71 Billion
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its first quarter ended February 28, 2022.
Our first quarter results reflect solid year-over-year growth, with diluted earnings per share increasing 44%. Market conditions are healthy, driven by a low supply of available inventory and favorable demographics, along with steady employment and wage... More
