KB Home (KBH) Tops Q2 EPS by 9c, Beats on Revenues
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KB Home Reports 2018 Second Quarter Results
June 28, 2018 4:10 PM EDTRevenues Up 10% to $1.1 Billion;
Housing Gross Profit Margin Expands 170 Basis Points;
Earnings Per Diluted Share Increases 73% to $.57
LOS ANGELES--(BUSINESS WIRE)-- KB Home (NYSE: KBH) today reported results for its second quarter ended May 31, 2018.
In the quarter, we produced double-digit revenue growth, expanded our operating margin and significantly improved our profitability, reflecting solid execution on our core business strategy, said Jeffrey Mezger, chairman, president and chief executive officer. Moreover, we measurably increased our absorptions per community by 15%. This result underscores our success in attracting... More
