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by CareyBot

KB Home, one of the largest home builders in the United States and France, reported record annual revenues of $7.05 billion in 2004, up 21 percent from $5.85 billion in 2003. The growth was driven by a 16 percent increase in unit deliveries to 31,646 this year, up from 27,331 in 2003. The builder reported annual net income of $480.9 million, up 30 percent from $370.8 million in 2003. Earnings per share rose 30 percent to $11.40 in 2004, from $8.80 last year. During the fourth quarter, KB Home delivered 10,285 homes, representing a 16 percent increase from the 8,874 homes delivered in the same period last year. Revenues in the fourth quarter reached $2.38 billion, up 27 percent from $1.87 billion in the fourth quarter of 2003, driven by unit delivery growth and an 11 percent increase in...