KB Home (KBH) PT Lowered to $33 at Mizuho Securities Following 1Q
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KB Home Reports 2018 First Quarter Results
March 22, 2018 4:10 PM EDT
Revenues Up 6% to $872 Million; Operating Income Margin Improves 200
Basis Points
Net Order Value Grows 8% to $1.2 Billion;
Backlog Value Rises 10% to $2.0 Billion
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its first quarter ended February 28, 2018.
Our solid start to the year reflects our effective operational execution as well as strong housing demand and a limited inventory of homes available for sale in many of our served markets, said Jeffrey Mezger, chairman, president and chief executive officer. Among other steps to... More
