KB Misses on 4Q 2015 Earnings
January 7, 2016

KB Misses on 4Q 2015 Earnings

KB Home reported 4Q 2015 earnings of $44 million, or 43 cents a share, compared to analyst expectations of 50 cents a share. KB also reported that average selling prices increased 8% from a year earlier and revenue and deliveries were up 24% and 15%, respectively, in the same timeframe. CEO, Jeffrey Mezger, blamed the earnings miss on lower than anticipated deliveries due to labor shortages and weather. The stock was down close to 15% at market close.

Read More

Previous Big Blow Dealt to Santa Clarita Mega-Project
Next Matt Tingler Appointed President and COO of Warmington Residential
Tags KB Home
Category Homebuilders / Land Developers

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Homebuilders / Land Developers

Homebuilders Super Happy But Not Building More Homes

DR Horton Reports Strong 1Q Earnings
Homebuilders / Land Developers

DR Horton Reports Strong 1Q Earnings

Homebuilding bellwether, DR Horton, the largest homebuilder by revenue in the country, reported earnings of 39 cents a share or $142.5M for its fiscal year first quarter. This was up

Deals

RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood. RSI