KB Home, one of the nation’s highly recognized and largest homebuilders, has just released a report for the last quarter of 2015. According to its management, the company’s fourth-quarter results indicate a strong finish of a successful business year for the KB Home, as they were able to generate a significant improvement in a lot of key metrics, that include their highest and strongest income for the fourth-quarter pretax since 2005.
President and CEO Jeffrey Mezger said that the company was able to get a measurable profitability and growth, and was able to advance their chief strategies as well as invested in their operating platform. Also, the company was able to efficiently meet and perform the chief initiatives which have accelerated their earnings and revenues in the year’s second half, as well as generate sequential development in the housing gross profit margin since the progression of 2015.
Although trade deficiencies in some markets and inclement weather have affected the deliveries during the fourth quarter, they have remained positive in the rhythm of their business, as well as the great momentum in the early 2016. With the company’s improved backlog, which provide a powerful visibility for possible revenues and deliveries someday, and with the conditions of the housing market which are noted to remain healthy as a whole, they believe their well-planned strategies, operations and finances will attain more success in 2016. The company vows to remain centered on implementing their strategy as they come forward, by giving a highly efficient client experience, including the creation of a stockholder value.
KB Home was founded in the year 1957, and has been known as the first NYSE-listed company in the field of home building. It has provided almost 600,000 homes from coast to coast for the families. Known for its very personal approach in home building, KB Home allows every buyer to pick their floor plan, lot location, design features and decor selections that are important to the clients, SCVNews reported.
