KB Home (KBH) Tops Q4 EPS by 16c; offers FY 2024 Guidance

KB Home (NYSE: KBH) reported Q4 EPS of $1.85, $0.16 better than the analyst estimate of $1.69. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.62 billion.

GUIDANCE:

KB Home sees Housing revenues FY2024 of $6.4-6.8 billion.

Average selling price in the range of $480,000 to $490,000.

Homebuilding operating income as a percentage of revenues of approximately 11.0%, assuming no inventory-related charges.

Housing gross profit margin of approximately 21.0%, assuming no inventory-related charges.
Selling, general and administrative expenses as a percentage of housing revenues of about 10.0%.

Effective tax rate of approximately 24.0%.
Ending community count of approximately 270, up 12%.

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

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