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Feb 28, 2021
KB Home Q1 2021 Earnings Report
Diluted earnings per share grew, gross margin expanded, net order value rose, and backlog value increased.
Key Takeaways
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.
KB Home
KB Home
KB Home Revenue by Segment
KB Home Revenue by Geographic Location
Forward Guidance
Company believes they are now even better positioned for meaningful growth in 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income