Pivotal-Point Tracking KB Home (KBH): U.S. Homebuilder Benefits in Q2 from the Return to the BTO Model
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KB Home is one of the leading U.S. homebuilders. After the release of Q2 numbers, the stock jumped on June 24. Although quarterly revenue decreased by 27% to $1.11 billion in a challenging interest rate environment, it surpassed Wall Street estimates of $1.09 billion. The EPS met expectations exactly at $0.43. Despite margin pressure from price reductions, the company remains optimistic about the second half of the year. The order backlog rose sequentially by 26% to 4,526 homes. Additionally, KB Home repurchased its own shares worth $75 million....
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