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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 However, the company acknowledged the uncertainty caused by the COVID-19 pandemic and has withdrawn its full-year guidance.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.
KB Home
KB Home
KB Home Revenue by Geographic Location
Revenue by Geographic Location
West Coast Revenue
CapyFin.comSouthwest Revenue
CapyFin.comCentral Revenue
CapyFin.comSoutheast Revenue
CapyFin.com 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the spread of COVID-19 and the unprecedented public health and governmental efforts to contain it, management has withdrawn guidance for its 2020 fiscal year.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