KB Home (KBH) Q2 Revenue Tops Views

KB Home (NYSE: KBH) reported Q2 EPS of $0.17, may not compare to the analyst estimate of $0.14. Revenue for the quarter came in at $811.1 million versus the consensus estimate of $747.06 million.

Backlog and Net Orders (comparisons on a year-over-year basis)

• Ending backlog value grew 14% to $1.83 billion, reflecting increases in all regions.
• Homes in backlog rose 10% to 5,205.
• Net order value for the quarter grew 14% to $1.20 billion.
• Net orders for the quarter increased 8% to 3,249.
• The cancellation rate as a percentage of beginning backlog for the quarter improved to 21% from 25%, and as a percentage of gross orders improved to 21% from 22%.
• Average community count for the quarter decreased 2% to 242.

For earnings history and earnings-related data on KB Home (KBH) click here.

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