By Connor Hart
KB Home now expects housing revenue of $6.6 billion to $7 billion in its fiscal 2025, down from a prior projection of $7 billion to $7.5 billion. For its three months ended Feb. 28, the company posted earnings of $1.49 a share on revenue of $1.39 billion, missing analyst views for earnings of $1.57 a share on revenue of $1.5 billion. Chief Executive Jeff Mezger said consumer confidence has declined sequentially each month for the past several months. Shares fall 7.3%, to $57.30, in after-hours trading.
UniFirst will not be bought by Cintas. Workplace-products company Cintas earlier this year proposed buying UniFirst for $275 a share, but the uniform supplier rejected the offer, citing the price, execution risks and feedback from large shareholders. UniFirst shares sink 8.9%, to $180, in postmarket trading.
Cadence Bank received the regulatory approvals required to complete its merger with FCB Financial, the bank-holding company for First Chatham Bank. The merger is expected to be effective May 1. Under the deal's terms, Cadence will issue 2.3 million shares of common stock and pay $23.1 million in cash for all outstanding shares of FCB Financial. Shares rise 5%, to $32.90, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 24, 2025 19:18 ET (23:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。