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May 31, 2020
KB Home Q2 2020 Earnings Report
KB Home's Q2 2020 results were impacted by COVID-19, but the company still achieved growth in pretax income and housing gross profit margin.
Key Takeaways
KB Home reported solid financial results for Q2 2020 despite significant disruptions from the COVID-19 pandemic. The company saw year-over-year growth in key metrics such as housing gross profit margin and pretax income. Revenues totaled $914.0 million and diluted earnings per share increased to $0.55.
Revenues totaled $914.0 million, compared to $1.02 billion.
Housing gross profit margin increased 100 basis points to 18.2%.
Total pretax income grew 19% to $67.8 million.
Net income and diluted earnings per share increased to $52.0 million and $0.55, respectively.
Revenue by Geographic Location
Forward Guidance
Company management is reinstating guidance and will provide its outlook for the 2020 third quarter and full year on the Company’s earnings conference call.
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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