KB Home reported a strong first quarter in 2021, with a 62% increase in diluted earnings per share, driven by substantial growth in gross margin. Net orders increased by 23%, and backlog value rose by 74% to $3.7 billion, positioning the company for meaningful growth in 2021.
Diluted Earnings Per Share grew 62% to $1.02.
Gross Margin expanded to 20.8%, up 340 basis points.
Net Order Value rose 35%.
Backlog Value Increased 74% to $3.7 Billion.
Company believes they are now even better positioned for meaningful growth in 2021.
Visualization of income flow from segment revenue to net income
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