earnings
confidence high
sentiment positive
materiality 0.75
KB Home Q1 revenues up 23% to $1.40B, EPS $1.47 (+44%), backlog value up 55%
KB HOME
2022-Q1 EPS reported
$1.47
revenue$1,398,789,000
- Revenues $1.40B (+23% YoY); diluted EPS $1.47 (+44%) on net income $134.3M.
- Homebuilding operating income margin expanded 220 bps to 12.2%; gross margin 22.4%.
- Net order value $2.15B (+15%); ending backlog value $5.71B (+55%), highest since 2007.
- FY2022 guidance reaffirmed: housing revenues $7.20-7.60B, operating margin >16%, ROE >27%.
- S&P reaffirmed BB credit rating and revised outlook to positive from stable.