KB Home Reports Q4 and FY 2021 Results

KB Home, which was known as the Kaufman and Broad Home Corporation until the early 21st century, describes itself as a construction company. It builds not only residential buildings but also extensions, while at the same time offering financial services in several US states. As it reported strong fourth-quarter results today, the worth of KBH popped 10% in pre-market trading to $46.58, breaking a six-month high. As for the state of the stock price over the past 5 business days, on January 10, it fell to $39.32, but then it recovered. 

KB Home

The report says KB Home earned more than $1.9 per diluted share on $1.68 billion in revenue while making more than $6 in 2021 on $5.71 billion in revenue. All this demonstrates a 70% increase in earnings per share, thereby exceeding forecasts for 4 quarters in a row. In three months, the number of tenants has grown by almost 30%, and by 26% in the financial year. Given all these indicators, KB Home exceeded the forecast for construction profit by 30%, which will be about $7.6 billion this year. In addition, the CEO said that production was expanded to meet demand, and despite supply chain problems and a shortage of workers, overall performance remained stable.