KB Home Sees FY24 Housing Revenue $6.85B-$6.95B, Average Selling Price Around $490,000, Homebuilding Operating Income Margin Expected at 11.1%-11.2%
Portfolio Pulse from Benzinga Newsdesk
KB Home projects its fiscal year 2024 housing revenue to be between $6.85 billion and $6.95 billion, with an average selling price of approximately $490,000. The company expects its homebuilding operating income margin to be between 11.1% and 11.2%.
September 24, 2024 | 8:11 pm
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KB Home has provided guidance for its fiscal year 2024, expecting housing revenue between $6.85 billion and $6.95 billion, an average selling price of $490,000, and an operating income margin of 11.1%-11.2%.
The guidance provided by KB Home indicates a stable revenue outlook and healthy operating margins, which are positive indicators for the company's financial health and could lead to a positive short-term impact on its stock price.
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