Welcome to our dedicated page for KB Home news (Ticker: KBH), a resource for investors and traders seeking the latest updates and insights on KB Home stock.
KB Home (NYSE: KBH) is a leading national homebuilder recognized for energy-efficient construction and customizable home designs. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and operational milestones.
Comprehensive News Resource: Track all official KB Home announcements including quarterly earnings, sustainability initiatives, strategic partnerships, and market expansion efforts. Our curated feed ensures access to both regulatory filings and substantive business updates.
Key Coverage Areas: Stay informed about new community developments, innovative building practices, mortgage service updates, and leadership changes. Content spans SEC filings, press releases, and analysis of housing market positioning.
Investor-Centric Formatting: Quickly scan chronologically organized updates with clear event categorization. Bookmark this page for efficient monitoring of KBH's progress in delivering affordable, sustainable homes across key U.S. markets.
KB Home (NYSE: KBH) reported a strong first quarter for 2021, with diluted earnings per share increasing 62% to $1.02. Revenue rose 6% to $1.14 billion, driven by a 4% rise in homes delivered and a 90% surge in homebuilding operating income. The backlog value increased 74% year-over-year, reflecting robust demand, particularly among Millennials. The company's gross profit margin improved to 21.1%, supported by favorable market conditions. KB Home maintained a solid liquidity position, with total liquidity at $1.36 billion and cash reserves at $569.8 million.
KB Home (NYSE: KBH) is expanding into the Charlotte market, appointing Bill Kiselick as Charlotte Division President. Kiselick, with over 35 years in homebuilding, will manage operations, including land acquisition and sales. The company has acquired over 400 homesites and plans to open three new communities in early 2022, featuring single-family homes with various amenities. KB Home emphasizes energy efficiency, as all new homes will be ENERGY STAR® certified, aiming to deliver significant savings on utility bills.
KB Home (NYSE: KBH) will announce its first-quarter earnings on March 24, 2021, after market close. The earnings conference call is scheduled for the same day at 2:00 p.m. Pacific Time, accessible via the Investor Relations section on KB Home's website. As a major homebuilder in the U.S., KB Home offers personalized home options and boasts a commitment to building ENERGY STAR certified homes. This approach aims to enhance home comfort and ownership affordability for buyers.
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