$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 {{ '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.

$KBH {{ '2017-06-27T20:26:38+0000' | timeago}} • Infographic

$KBH KB Home Earnings AlphaGraphics: Q2 2017 highlights

$KBH {{ '2017-06-27T20:24:01+0000' | timeago}} • Announcement

$KBH reported an increase in 2Q17 earnings. Net income more than doubled to $31.8MM or $0.33 per share versus $15.5MM or $0.17 per share in 2Q16. Total revenues grew 24% to $1Bil.

$KBH {{ '2017-04-17T11:49:42+0000' | timeago}} • Announcement

The BoD of $KBH has declared a quarterly cash dividend of $.025 per share on its common stock, payable on May 18, 2017 to stockholders as on May 4, 2017.

$KBH {{ '2017-03-23T21:40:48+0000' | timeago}} • Webcast

$KBH anticipates housing revenue in the range of $880-940MM for 2Q17 and $4-4.3Bil for 2017. Homebuilding operating income margin for 2017, excluding any inventory related charges, is expected to be in the range of 5.8% to 6.4%.

$KBH {{ '2017-03-23T21:23:54+0000' | timeago}} • Webcast

Homebuilder $KBH said the solid net order growth for 1Q17 contributed to the continued expansion of backlog. With 25% increase in value, the company's backlog now stands at $1.8Bil, representing nearly 48,000 homes.

$KBH {{ '2017-03-23T20:28:49+0000' | timeago}} • Announcement

In 1Q17, $KBH’s deliveries grew 14% to 2,224 homes, with increases in each of the company’s four regions. Average selling price increased 6% to $364,600. Net orders increased 14% to 2,580, and net order value grew 32% to $1.09Bil. Homes in backlog rose 11% to 4,776. Ending backlog value grew 25% to $1.79Bil.

$KBH {{ '2017-03-23T20:24:58+0000' | timeago}} • Announcement

$KBH reported an increase in 1Q17 earnings. Net income was $14.3MM or $0.15 per share compared to $13.1MM or $0.14 per share in 1Q16. Total revenues were $818.6MM, an increase of 21% compared to last year.

$KBH {{ '2017-01-26T22:50:31+0000' | timeago}} • Announcement

$KBH BoD declared a quarterly cash dividend of $.025 per share on the company's common stock. The dividend is payable on February 23, 2017 to stockholders of record on February 9, 2017.

$KBH {{ '2017-01-11T23:25:22+0000' | timeago}} • Webcast

$KBH stated that land spend for 2016 totaled $1.4Bil. In terms of specs, the company was a little bit over one finished spec for a community. $KBH was at 378 at the end of 4Q16 in terms of finished specs.

$KBH {{ '2017-01-11T23:09:43+0000' | timeago}} • Webcast

$KBH said there is a balance of margin and absorption that will get the highest returns on investments. The company is approaching its targeted absorption and can now work on improving margins. $KBH’s community count was up in California but it was down in Southeast. $KBH is taking advantage of the demand that has emerged with first-time buyers.

$KBH {{ '2017-01-11T22:42:44+0000' | timeago}} • Webcast

$KBH's Homebuilding operating income for 4Q16 decreased 20% from 4Q15 to $56MM. For full-year 2017, the company expects Homebuilding operating income margin, excluding the impact of inventory-related charges, to be 5.7-6.3%. Full-year 2017 GM is expected to be 16-16.5%. Effective tax rate for 2017 is expected to be 39%.

$KBH {{ '2017-01-11T22:34:45+0000' | timeago}} • Webcast

For 1Q17, $KBH expects to generate housing revenues of $760-820MM. For full-year 2017, the company anticipates housing revenues in the range of $3.8-4.2Bil. For 1Q17, $KBH is projecting overall average selling price to be $360,000-365,000. Overall ASP for 2017 is expected to be $370,000-385,000, representing an increase of 2-6% versus 2016.

$KBH {{ '2017-01-11T22:17:40+0000' | timeago}} • Webcast

In 4Q16, $KBH generated a 21% increase in housing revenues driven by increases in deliveries across all four of its regions, with the most pronounced growth coming from the West Coast region. During 4Q16, the company achieved 3.3 net orders per community per month reflecting an increase of 30% YoverY with improvement in each of its four regions.

$KBH {{ '2017-01-11T21:40:50+0000' | timeago}} • Announcement

In 2016, $KBH repurchased about 8.4MM shares of its common stock at a total cost of $85.9MM, while improving its ratio of debt to capital to 60.5% and ratio of net debt to total capital to 54.3%. Inventories were $3.4Bil, with investments in land acquisition and development totaling $1.36Bil for the year ended Nov. 30, 2016.

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