KB Delivers Q1 Earnings Beat
In another indication of the strengthening new home market, KB reported Q1 earnings above consensus estimates. Analysts had predicted profit of $0.02 per share, which was lower than the $0.08 per share reported by KB. The $580.12M in revenues also exceeded the $474.9M analyst consensus. While margin weakness is a continuing concern, deliveries, average selling price, net orders, net order value and backlog were all up from the year-ago period.
About author
You might also like
Benchmark Communities Reaches 2,000 New Home Deliveries since 2013 IPO
Benchmark Communities (“Benchmark”), an award-winning national homebuilder, announced today that it has reached a milestone of 2,000 new home deliveries since its parent company, UCP (NYSE:UCP), went public in 2013,
With Capital Backing From China, Landsea Homes Grows U.S. Footprint
Landsea currently builds on both coasts and eyes further expansion.
Deal Catapults Irvine Builder into Ranks of Nation’s Largest Builders
From start-up to behemoth, in five short years Irvine-based TRI Pointe homes catapults itself into the ranks of the nation’s largest builders (by unit closing volume) through its $2.8B merger
