earnings
confidence high
sentiment neutral
materiality 0.75
KB Home Q3 revenue $1.84B, EPS $2.86 up 79%; net orders drop 50% as cancellation rate hits 35%
KB HOME
2022-Q3 EPS reported
$6.63
revenue$4,963,746,000
- Revenue $1.84B (+26% YoY), diluted EPS $2.86 (+79%).
- Homebuilding operating margin 17.7% (+610 bps); gross margin 26.7% (+520 bps).
- Net orders 2,040 (-50%); cancellation rate 35% vs 9% year ago.
- Ending backlog value $5.26B (+9%); community count 221 (+8%).
- Guidance Q4: housing revenue $1.95-2.05B, gross margin 25-26%.