KB Home (KBH) Announces Three-Year Financial Targets; Plans for Sale of 20 Land Parcels in Q4
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Highlights from KB Home’s 2016 Investor Conference
October 19, 2016 5:30 AM EDTCompany Introduces Plan for Returns-Focused Growth
Sets Three-Year Financial Targets Including Housing Revenues Greater than $5 Billion;
Return on Invested Capital in Excess of 10%;
Net Debt-to-Capital Ratio of 40% to 50%
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) held its 2016 Investor Conference in Los Angeles yesterday, where management outlined its roadmap for accelerating the Companys profitable growth, increasing its return on invested capital and achieving its targeted net leverage ratio.
Our core strategy is to establish a top five position in... More
