FBR Capital Raises Price Target on KB Home (KBH) Following 1Q EPS Beat
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KB Home Reports 2016 First Quarter Results
March 23, 2016 4:15 PM EDTTotal Revenues Up 17% to $678 Million; Diluted Earnings Per Share Increases to $.14
Net Order Value Increases 9% to $825 Million
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its first quarter ended February 29, 2016.
We are off to a strong start to 2016, said Jeffrey Mezger, president and chief executive officer. Solid execution on our key operating strategies drove measurable growth in revenues, operating margin and earnings. We ended the quarter with a healthy backlog and continued positive momentum in our core homebuilding business, reinforcing our favorable outlook for the full year.
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