Capital AllocationMr. Dillard is contributing to a renewed focus on margins and returns, land purchasing and capital allocation.
Cash Flow And Shareholder ReturnsKBH still offers investors positively skewed risk/reward equation at just 1.1x book value and ample positive cash flows returning $500+ million/year to shareholders through dividends and repurchases.
Earnings And MarginsThe company reported earnings per share of $1.61, which was higher than both the consensus estimate and the internal estimate.