Detail akcie KB Home online

Business Summary: KB Home is a homebuilding company. The Company's segments include homebuilding and financial services. The homebuilding segment is engaged in the acquisition and development of land primarily for residential purposes. The Company builds a variety of new homes, including attached and detached single-family residential homes, townhomes and condominiums, designed for first-time and first move-up, as well as second move-up and active adult, homebuyers. It offers homes in development communities, at urban in-fill locations and as part of mixed-use projects. The financial services segment offers various insurance products to its homebuyers in the markets where the Company builds homes and provides title services in certain of those markets. Its financial services also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through KBHS Home Loans, LLC, an unconsolidated joint venture between the Company and a third party.
Financial Summary: BRIEF: For the three months ended 29 February 2024, KB Home revenues increased 6% to $1.47B. Net income applicable to common stockholders increased 10% to $137.6M. Revenues reflect Financial Services segment increase of 5% to $6.1M, Southwest segment increase of 35% to $323.1M, Southeast segment increase of 24% to $259.8M. Net income benefited from Equity in loss of unconsolidated joint v increase from $1.6M to $7.1M (income).