earnings
confidence high
sentiment neutral
materiality 0.80
KB Home Q2 EPS $2.32 (+55% YoY); revenues $1.72B (+19%); backlog value up 43% to $6.12B
KB HOME
2022-Q2 EPS reported
$3.79
revenue$3,118,851,000
- Net income $210.7M, diluted EPS $2.32, up 55% YoY.
- Homebuilding operating margin improved 410 bps to 15.4%; gross margin up 390 bps to 25.3%.
- Net order value up 4% to $2.12B; net orders down 9%; cancellation rate rose to 17% from 9%.
- Completed $350M offering of 7.25% senior notes due 2030, proceeds to retire 7.5% notes due 2022.
- Repurchased 1.5M shares for $50M under new $300M authorization.