KBH - KB Home Q1 Earnings: Revenue Beat EPS Beat Net Orders Up 55% 'Positive Momentum' Into Q2 And More | Benzinga
KB Home (NYSE:KBH) reported first-quarter financial results after the market close on Wednesday. Here’s a rundown of the results.
- Q1 Revenue: $1.47 billion, beat estimates of $1.46 billion
- Q1 EPS: $1.76, beat estimates of $1.57
Total revenues were up 6% on a year-over-year basis as the company delivered 3,037 homes in the quarter, up 9% year-over-year. Net orders were up 55% and net order value increased 58% to $1.58 billion.
Average selling price was $480,100, compared to $494,500 in the prior year’s quarter. Inventories were up 2% year-over-year to $5.24 billion.
KB Home said it repurchased $50 million worth of its common stock in the first quarter and now ...