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Article: KB Home Reports Record 2002 Revenues of $5.03 Billion and EPS of $7.15; Net Income Up 47% to $314 Million; Operating Margin Up 170 Basis Points.
- Article from:
- PR Newswire
- Article date:
- January 16, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- Strong Fourth Quarter Financial Performance; EPS Improves 44% to $2.92
LOS ANGELES, Jan. 16 /PRNewswire-FirstCall/ -- KB Home , one of the largest homebuilders in the United States and France, today announced record financial results for its fourth quarter and fiscal year ended November 30, 2002. Highlights include:
-- Total revenues for the year ended November 30, 2002 exceeded
$5 billion for the first time in the Company's history, reflecting an
increase of 10% from 2001 revenues of $4.57 billion. For the fourth
quarter of 2002, total revenues reached a record $1.68 billion, up 16%
from the $1.45 billion generated in the ...
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