KB Home Fiscal Q1 EPS, Revenue Fall; Robert Dillard Named CFO; Shares Drop After Hours

MT Newswires Live03-24

KB Home (KBH) reported fiscal Q1 earnings Monday of $1.49 per diluted share, down from $1.76 a year earlier.

Analysts polled by FactSet expected $1.57.

Revenue in the three months ended Feb. 28 fell to $1.39 billion from $1.47 billion a year earlier.

Analysts surveyed by FactSet expected $1.5 billion.

The company expects full-year housing revenue of $6.6 billion to $7 billion. Four analysts surveyed by FactSet project $7 billion.

KB Home appointed Robert Dillard, 50, as chief financial officer, effective March 31, according to a regulatory filing Monday.

Dillard was most recently CFO at Sonoco Products (SON).

KB Home shares slumped 8.9% in after-hours trading.

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