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Feb 29, 2020
KB Home Q1 2020 Earnings Report
KB Home reported strong first quarter results, with significant revenue growth and increased earnings per share.
Key Takeaways
KB Home reported a strong first quarter with revenues increasing by 33% to $1.08 billion and diluted earnings per share more than doubling to $0.63. Net orders rose by 31%, and backlog value expanded by 28%. However, the company acknowledged the uncertainty caused by the COVID-19 pandemic and has withdrawn its full-year guidance.
Revenues increased 33% to $1.08 billion, the highest for any first quarter since 2007.
Diluted earnings per share more than doubled to $0.63.
Net orders rose 31%, with net order value up 35% to $1.38 billion.
Ending backlog value grew 28% to $2.12 billion.
Revenue by Geographic Location
Forward Guidance
In light of the uncertainty surrounding the spread of COVID-19 and the unprecedented public health and governmental efforts to contain it, management has withdrawn guidance for its 2020 fiscal year.
Positive Outlook
- Experienced leadership team
- Solid balance sheet
- Significant liquidity
- Engaging with customers who maintain a strong desire for homeownership
- Delivering homes and generate revenues
Challenges Ahead
- Uncertainty surrounding the spread of COVID-19
- Unprecedented public health efforts to contain COVID-19
- Governmental efforts to contain COVID-19
- Monitoring cash outflows
- Positioning the Company to navigate through this evolving operating environment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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