KB Home

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects. The company was founded in 1957 and is headquartered in Los Angeles, CA.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q4 2024

KB Home reports robust 2022 performance amidst challenges and opportunities

KB Home's strong financial performance in 2022 was accompanied by challenges like supply chain issues and lower net orders in the fourth quarter.
Efforts to reduce construction costs and protect backlog margins are key strategies to manage costs effectively and enhance operational efficiency.
Strategic pricing adjustments and a focus on maintaining gross margins amidst market challenges position KB Home for future growth and profitability.
With a robust backlog and opportunities for operational improvements, KB Home is poised to navigate challenges and capitalize on market opportunities in '23.

KB Home reports resilient Q1 results, eyes strategic growth

KB Home's Q1 performance reflects resilience with strong financial results and strategic market expansion.
Challenges include monitoring mortgage rate impacts and consumer behavior amidst economic changes.
Opportunities lie in cash flow optimization, selective land deals, and leveraging mortgage rate buy downs.
Overall, KB Home maintains a positive outlook for sales and profitability in the coming quarters.

KB Home surpasses Q2 expectations, eyes growth opportunities in '24

KB Home delivered a strong performance in Q2, exceeding revenue guidance and showcasing financial discipline and prudent management practices.
While facing challenges related to demand fluctuations and capital allocation, the company is well-positioned to capitalize on growth opportunities in '24.
With a focus on cost savings, energy efficiency, and strategic expansion efforts, KB Home aims to drive continued success and market leadership.
Anticipated improvements in sales pace, community count growth, and optimized asset utilization signal a positive outlook for KB Home's future performance.

KB Home exceeds Q3 targets, eyes growth amid supply challenges

KB Home's Q3 earnings call highlighted strong performance, solid financial position, and strategic focus on growth. Despite challenges in supply conditions, the company aims to capitalize on opportunities in the housing market and maintain momentum for a strong fourth quarter.

KB Home surpasses Q4 expectations, eyes growth amid improving market

KB Home had a robust Q4 performance, exceeding expectations with strong revenues and earnings. The company is optimistic about market recovery and potential margin improvement as mortgage rates decline. By focusing on built-to-order homes, managing costs, and responding to market demand, KB Home aims to sustain growth and shareholder value in 2024.

KB Home reports robust Q1 performance amidst market challenges

KB Home's Q1 2024 performance reflects strong revenue growth, operational efficiency, and strategic acceleration of starts.
Challenges include forecasting uncertainties, inflation impact on costs, and competitive land market conditions.
Opportunities lie in sustained performance, market dynamics, operational efficiencies, and flexible market targeting strategies.
Overall, KB Home's focus on growth, returns, and shareholder value positions it well for future success in the housing market.

KB Home Exceeds Q2 Expectations, Strong Growth Ahead

KB Home demonstrated a strong performance in Q2 2024, overcoming market volatility with significant revenue growth, stable margins, and strategic capital allocation. The company's focus on shareholder returns and robust operational metrics positions it well for sustained growth amid fluctuating market conditions.

KB Home reports robust Q3 earnings, eyes growth and efficiency

KB Home's Q3 performance reflects solid financial results, strong demand, and strategic investments in growth and operational efficiency.
The company's strengths in revenue projections, cost management, and customer focus position it well for future growth and profitability.
While facing challenges related to market dynamics and cost pressures, KB Home has opportunities to capitalize on market trends and enhance operational effectiveness for sustained success.

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TAMPA, Fla.--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest community in desirable Zephyrhills, Florida.

KB Home Announces the Grand Opening of Its Newest Community in Desirable Zephyrhills, Florida

TUCSON, Ariz.--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest community in the highly desirable Rancho Sahuarita master plan.

KB Home Announces the Grand Opening of Its Newest Community in the Highly Desirable Rancho Sahuarita Master Plan

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Solid growth initiatives, a diversified geographic footprint and a built-to-order approach make KB Home (KBH) a solid bet now despite the ongoing housing market challenges.

Here's Why Investor Should Buy KB Home (KBH) Stock Right Now

LOS ANGELES--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home named to Newsweek's 2023 List of America's Most Trustworthy Companies, for the second consecutive year.

KB Home Named to Newsweek's 2023 List of America's Most Trustworthy Companies, for the Second Consecutive Year

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LOS ANGELES--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home earns 13th Energy Star Partner of the Year - Sustained Excellence Award.

KB Home Earns 13th ENERGY STAR Partner of the Year – Sustained Excellence Award

LAS VEGAS--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest gated community in highly desirable south Las Vegas.

KB Home Announces the Grand Opening of Its Newest Gated Community in Highly Desirable South Las Vegas

KB Home has had a great few years, but leading indicators imply that weakness lies ahead. A plunge in backlog, caused by weak orders and a surge in the firm's cancellation rate, points to a decline in revenue, profits, and cash flows this year and beyond.

KB Home: Buy Into The Weakness

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TAMPA, Fla.--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest community in desirable Wesley Chapel, Florida.

KB Home Announces the Grand Opening of Its Newest Community in Desirable Wesley Chapel, Florida

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KB Home Vs. NVR: Battle Of The Builders

KB Home reported that the housing market is apparently starting to normalize. The news excited buyers and boosted KBH's stock. Despite conditions that should have been suppressing home builder stocks, such as monetary tightening and soaring mortgage rates, home builders have been outperforming the S&P 500 since last Fall.

KB Home: 'Markets Are Starting To Normalize'

Management projected steady sales and earnings trends for fiscal 2023. KB Home's gross profit margin is holding above 20% for home sales.

Why KB Home Stock Was Up This Week

STOCKTON, Calif.--(BUSINESS WIRE)-- #BuiltOnRelationships--KB Home announces the grand opening of its newest community in popular Northwest Stockton, California.

KB Home Announces the Grand Opening of Its Newest Community in Popular Northwest Stockton, California

KB Home (KBH) reports better-than-expected Q1 results, given higher buyer compensations and lower ASP. Yet, high-interest rates and economic uncertainties are concerning.

KB Home (KBH) Stock Rises on Q1 Earnings & Revenues Beat

KB Home (NYSE: KBH) is raising the roof for 2023; like all house parties, the year may not turn out as investors would hope. The company outperformed consensus estimates and gave favorable guidance driven by its relentless execution of backlog orders.

KB Home Strong Results Lift Prices

KB Home (NYSE:KBH ) Q1 2023 Earnings Conference Call March 22, 2023 5:00 PM ET Company Participants Jill Peters - Senior Vice President of Investor Relations Jeffrey Mezger - Chairman, President and Chief Executive Officer Robert McGibney - Executive Vice President and Chief Operating Officer Jeff Kaminski - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Kim - Evercore ISI Matthew Bouley - Barclays Bank PLC Michael Dahl - RBC Capital Markets John Lovallo - UBS Alan Ratner - Zelman & Associates LLC Rafe Jadrosich - Bank of America Merrill Lynch Paul Przybylski - Wolfe Research LLC Michael Rehaut - JPMorgan Chase & Co Buck Horne - Raymond James & Associates, Inc. Alex Barron - Housing Research Center Operator Good afternoon. My name is John, and I'll be your conference operator today.

KB Home (KBH) Q1 2023 Earnings Call Transcript

KB Home (KBH) delivered earnings and revenue surprises of 38.10% and 5.90%, respectively, for the quarter ended February 2023. Do the numbers hold clues to what lies ahead for the stock?

News for KB Home Stock (KBH)