KB Home up 4.4% after strong FQ4 results
- FQ4 (ending Nov. 30) deliveries of 2,229 homes up 9% from a year ago, with ASP of $351.5K up 17%. The company notes a favorable shift in the regional mix of homes sold, along with generally favorable market conditions.
- Backlog of 2,909 homes up 14% from a year ago, with potential future housing revenues of $914M up 34%.
- Total net order value of $587.4M up 22% Y/Y, with net orders of 1,706 up 10%.
- Conference call at 11:30 ET
- Previously: KB Home EPS of $8.36 (Jan. 13)
- KBH +4.4% premarket
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