KB Home Narrows Loss in Q1
KB Home results for the company's Q1 2013 have been released. For the quarter, total revenues were $405 million, nearly 60% higher than the $255 million of the same period the previous year. Net loss narrowed significantly over that time frame, with this past quarter coming in at $12.5 million ($0.16 per diluted share), from Q1 2012's red figure of $45.8 million ($0.59).
The crucial metrics for homes delivered and net orders were up sharply during the quarter. KB Home delivered just under 1,500 homes, compared to 1,150 in Q1 of last year. Net orders grew to a total of 1,671 from the year-ago period's 1,197.
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