$KBH (KB Home)

$KBH {{ '2016-06-21T22:21:09+0000' | timeago}} • Webcast

Susan Maklari of UBS asks about $KBH's performance in the West. CEO Jeffrey Mezger said $KBH is seeing continued strength along the Coast, both North and South. The inland area sold well and had good momentum. In the Bay area, $KBH is transitioning out of old communities, opening new ones and expects to have community count growth in 3Q16.

$KBH {{ '2018-01-10T21:30:35+0000' | timeago}} • Announcement

With 9% more deliveries to 3,340 homes. $KBH ended 4Q17 with a backlog value of $166Bil, up 9%. Company-wide, net orders per community for the fourth quarter averaged 3.4 per month.

$KBH {{ '2018-01-10T21:27:55+0000' | timeago}} • Announcement

With net order value growing 9% to $935.4MM, $KBH saw 4Q17 revenue surge 18% to $1.4Bil. In the quarter, the homebuilder saw net income more than double to $84.3MM or $.84 per diluted share, from last year's $37.5MM or $.40 per diluted share.

$KBH {{ '2017-12-01T13:38:13+0000' | timeago}} • Announcement

$KBH announced the opening of Skyler at Millenia, its latest community of new homes in San Diego County. $KBH plans to construct a total of 79 single-family residences at Skyler at Millenia, available in two three-story home designs of 2,602 and 2,659 sq. ft. Pricing starts from the $590,000s.

$KBH {{ '2017-10-10T20:33:09+0000' | timeago}} • Announcement

$KBH elected James Weaver to its BoD on Oct. 5, 2017. The addition of Weaver expands the board to 10 members, nine of whom are independent. Weaver was also appointed to the board's audit and compliance committee.

$KBH {{ '2017-10-05T20:30:06+0000' | timeago}} • Announcement

$KBH's BoD declared a quarterly cash dividend of $0.025 per share on its common stock. The dividend is payable on Nov. 16, 2017 to stockholders of record on Nov. 2, 2017.

$KBH {{ '2017-09-29T18:12:22+0000' | timeago}} • Webcast

$KBH said Florida represents about 9% of its total housing revenues. The company has a disproportionate share of reactivated communities in Florida. So the revenues that they generate in Florida are generally below company average margin because of the mix of business between core communities and reactivated communities.

$KBH {{ '2017-09-29T18:12:07+0000' | timeago}} • Webcast

$KBH stated that its 4Q17 forecast currently assumes about a 26% incremental increase in SG&A as a percent of incremental housing revenues plus $1MM or $2MM to cover other potential fixed cost increases.

$KBH {{ '2017-09-29T17:45:48+0000' | timeago}} • Webcast

In 3Q17, $KBH’s housing revenues grew 25% from 3Q16 to over $1.1Bil, largely driven by 19% higher beginning backlog value in 3Q17 vs. 3Q16. $KBH expects 4Q17 housing revenues of approx. $1.3-1.4Bil and continues to expect FY17 housing revenues of approx. $4.3Bil.

$KBH {{ '2017-09-29T17:45:31+0000' | timeago}} • Webcast

During 3Q17, $KBH’s West Coast region produced a 26% increase in net order value on a 10% increase in net orders. The Southwest region produced a 37% increase in net order value on a 26% net order comparison led by continued outperformance in Las Vegas.

$KBH {{ '2017-09-28T21:42:16+0000' | timeago}} • Infographic

$KBH KB Home Earnings AlphaGraphic: Q3 2017 Highlights

$KBH {{ '2017-09-28T20:27:45+0000' | timeago}} • Announcement

In 3Q17, $KBH’s deliveries rose 11% YoY to 2,765 homes. Average selling price increased 12% to $411,400. Net order value grew 15% to $1.07Bil on a 4% increase in net orders to 2,608, with double-digit growth in the company's West Coast and Southwest regions. Ending backlog value grew 14% YoY to $2.12Bil, with homes in backlog up 4% to 5,455.

$KBH {{ '2017-09-28T20:22:31+0000' | timeago}} • Announcement

$KBH reported a 28% increase in 3Q17 earnings. Net income was $50.2MM or $0.51 per share compared to $39.3MM or $0.42 per share in 3Q16. Total revenues grew 25% to $1.14Bil compared with last year.

$KBH {{ '2017-09-18T20:40:48+0000' | timeago}} • Announcement

$KBH said it repaid the $165MM in aggregate principal amount of its 9.100% Senior Notes due 2017. The company used the internally generated cash to retire the notes.

$KBH {{ '2017-07-31T20:59:47+0000' | timeago}} • Announcement

$KBH closed an amendment to its unsecured revolving credit facility to lift the borrowing availability to $500MM from $275MM, with a $250MM letter of credit sublimit, and extend the maturity date to July 2021 from August 2019. This also contains accordion feature under which borrowing availability can be further increased to $600MM.

$KBH {{ '2017-07-18T21:02:05+0000' | timeago}} • Webcast

$KBH has elected Dorene C Dominguez to its BoD, effective July 13. She has also been appointed to the board's audit and compliance committee. Dominguez is Chairwoman and CEO of the Vanir Group of Companies and its subsidiaries Vanir Construction Management and Vanir Development Company.

$KBH {{ '2017-07-13T21:10:11+0000' | timeago}} • Announcement

Home builder $KBH has declared a quarterly cash dividend of $.025 per share on its common stock. The dividend is payable on August 17, 2017, to stockholders of record as on August 3, 2017.

$KBH {{ '2017-06-27T22:04:18+0000' | timeago}} • Webcast

$KBH spent around $204MM on land acquisitions and about $200MM in development and fees during 2Q17. There is heavy development dollars in California and in terms of investments, land is a higher percentage of total revenues in the region. The company was pleased with the investment level in 2Q17 and expects to continue reinvesting in the business.

$KBH {{ '2017-06-27T21:30:23+0000' | timeago}} • Webcast

For full-year 2017, $KBH expects Housing revenues to range between $4.2-4.4Bil with the midpoint up $150MM as compared to the prior guidance and up 20% compared to 2016. The company currently anticipates 3Q17 Housing revenues to be $1.08-1.15Bil. For 3Q17, $KBH is projecting an overall average selling price of $405,000-410,000.

$KBH {{ '2017-06-27T21:29:31+0000' | timeago}} • Webcast

$KBH's ending backlog value grew 19% to $2.18Bil for 2Q17, with homes in backlog up 8% to 5,612 and the average selling price of those homes rising 11%. Average community count for 2Q17 decreased 2% to 238.

$KBH {{ '2017-06-27T20:27:26+0000' | timeago}} • Announcement

In 2Q17, $KBH’s deliveries rose 11% to 2,580 homes, with double-digit increases in three of the company's four regions. Average selling price increased 11% to $385,900. Net order value grew 15% to $1.38Bil on a 5% increase in net orders to 3,416, primarily reflecting strength in the West Coast and Southwest regions.

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