=KB Home (KBH) reported earnings on Wed 9 Jan 2019 (a/h)

KB Home beats by $0.02, beats on revs after warning in November

• Reports Q4 (Nov) earnings of $0.96 per share, $0.02 better than the S&P Capital IQ Consensus of $0.94; revenues fell 3.8% year/year to $1.35 bln vs the $1.33 bln S&P Capital IQ Consensus.; adj. operating margin 9.7%
  • Co lowered Q4 rev to $1310-1340 mln from $1390-1450 mln; ASP to $395-400K from $400-405K; operating margin to 9.3-9.5% from 9.3-9.7%
• Net orders for the fourth quarter decreased 12% to 2,013. Net order value declined 21% to $738.3 million. The number of homes in ending backlog totaled 4,108, compared to 4,411. Ending backlog value of $1.43 billion decreased 14%, reflecting fewer homes in backlog and the lower average selling price of those homes due to a shift in geographic mix.
• Deliveries increased slightly to 3,389 homes. Average selling price declined 5% to $395,200 due primarily to a shift in geographic mix of homes delivered.
• Adjusted housing gross profit margin, a metric that excludes inventory-related charges and the amortization of previously capitalized interest, was 22.8%, compared to 23.5%.
• Book value per share grew by $1.88 to $24.01.
• "We believe we are well positioned for 2019, with an anticipated 10% to 15% increase in our community count,"

Earnings this week : Jan 7 - 11, 19 (wk 2)

Note we will probably see a large number of companies preannouncing fourth quarter results next week.

Monday (Jan 7) 
Today is the start of the 4th quarter "guidance season" and we've had 39 companies provide guidance this morning.  22 of them were positive while 11 were negative.  Only January 2010, 2016, and 2018 (the 4th quarters of 2009, 2015, and 2017) had stronger starts.

• Morning: CMC
• Afternoon: None

Tuesday (Jan 8)

• Morning: AZZ HELE LNN
• Afternoon: KSHB SGH 

Wednesday (Jan 9)

• Morning: AYI GBX LEN MSM SCHN STZ
• Afternoon: BBBY KBH PSMT WDFC

Thursday (Jan 10)

• Morning: None
• Afternoon: SNX

Friday (Jan 11)

• APHA

=KB Home (KBH) reported earnings on Thur 28 June 2018 (a/h)

KB Home beats by $0.09, beats on revs 

• Reports Q2 (May) earnings of $0.57 per share, $0.09 better than the Capital IQ Consensus of $0.48; revenues rose 9.8% year/year to $1.1 bln vs the $1.05 bln Capital IQ Consensus. Deliveries increased 5% to 2,717 homes. Average selling price rose 4% to $401,800 vs. $400-405K guidance. Operating income +50% to $74 mln
• Housing gross profit margin expanded 170 basis points to 17.1% (17.7% ex-charges) vs. 16.8-17.2% guidance.
• Net orders increased 3% to 3,532 for the second quarter. Net order value decreased 2% to $1.36 billion. Three of the Company's four regions posted year-over-year increases in net order value.
• Ending backlog value grew 3% to $2.24 billion, with the number of homes in backlog increasing 3% to 5,787. This was the Company's highest second quarter backlog value in 11 years.

=KB Home (KBH) reported earnings on Wed 23 March 2016 (a/h)

KB Home beats by $0.03, beats on revs :

• Reports Q1 (Feb) earnings of $0.14 per share, $0.03 better than the Capital IQ Consensus of $0.11; revenues rose 16.9% year/year to $678.4 mln vs the $639.01 mln Capital IQ Consensus
  • Housing revenues increased 28% to $672.6 million. Deliveries rose 23% to 1,953 homes
  • Average selling price increased 5% to $344,400. Land sale revenues totaled $3.1 million, compared to $53.0 million
  • Housing gross profit margin improved to 16.0%, net of ~20 basis points of inventory impairment and land option contract abandonment charges. Adjusted housing gross profit margin, which excludes the amortization of previously capitalized interest and inventory-related charges, improved 120 basis points to 20.7%
  • Net order value increased 9% to $824.7 million. Net orders grew 4% to 2,272.
  • Ending backlog value grew 29% to $1.43 billion