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KB Home Sees FY24 Revenue $6.70B-$6.90B Vs $6.74B Est.

Author: Benzinga Newsdesk | June 18, 2024 04:11pm

Guidance

The Company is providing the following guidance for its 2024 full year:

  • Housing revenues in the range of $6.70 billion to $6.90 billion.
  • Average selling price in the range of $485,000 to $495,000.
  • Homebuilding operating income as a percentage of revenues in the range of 11.0% to 11.4%, assuming no inventory-related charges.
    • Housing gross profit margin in the range of 21.1% to 21.5%, assuming no inventory-related charges.
    • Selling, general and administrative expenses as a percentage of housing revenues of approximately 10.1%.
  • Effective tax rate of approximately 23.0%.
  • Ending community count in the range of 250 to 255.

The Company plans to also provide guidance for its 2024 third quarter on its conference call today.

Posted In: KBH


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