KBH
KB Home63.91
-1.09-1.68%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.14BP/E (TTM)
8.99Basic EPS (TTM)
7.11Dividend Yield
0.02%Recent Filings
8-K
8-K
KB Home boosts buyback to $1B
KB Home's board approved a fresh $1 billion authorization to buy back common stock on October 27, 2025, supplanting the old one. This move underscores confidence in undervalued shares and robust cash flows, while balancing growth investments with shareholder returns—since 2021, they've repurchased over $1.5 billion, slashing shares by more than 34%. Repurchases will hinge on cash flow, liquidity, and market conditions. Yet risks like economic volatility could alter the pace.
10-Q
Q3 FY2025 results
KB Home's Q3 FY2025 revenues fell 8% y/y to $1.62B, with homebuilding deliveries down 7% to 3,393 homes at a slightly lower average price of $475.7K, while operating income dropped 31% to $131.2M (8.1% margin, down from 10.8%) amid softer demand and price cuts. Housing gross margin slipped to 18.2% from 20.6%, pressured by higher land costs and $11.3M inventory charges, yet construction costs eased. Cash dipped to $330.6M with $1.94B debt (up from $1.69B), but $1.16B liquidity holds firm; free cash flow not disclosed in the 10-Q. Aggressive $438.5M share repurchases signal confidence, though competition from resale homes lingers as a key risk.
8-K
KB Home executive salary hikes
KB Home's compensation committee approved base salary increases for three named executive officers, effective July 1, 2025: CEO Robert V. McGibney to $930,000, CFO Albert Z. Praw to $740,000, and General Counsel Brian J. Woram to $740,000. This adjustment, announced July 10, signals confidence in leadership amid housing market pressures. Raises align executive pay with performance incentives. No broader compensation details disclosed.
10-Q
Q2 FY2025 results
KB Home's Q2 FY2025 results showed softer demand amid affordability pressures and elevated mortgage rates, with homebuilding revenues down 10% y/y to $1.52B from fewer deliveries at 3,120 homes, though average selling price edged up 1% to $488,700. Operating income fell 30% y/y to $131.5M (8.6% margin), as housing gross margin slipped to 19.3% from 21.1% due to price concessions and higher land costs, offset somewhat by lower construction expenses; SG&A rose to 10.7% of revenues from reduced leverage. Diluted EPS dropped 30% y/y to $1.50, reconciled to 71.2M shares with no anti-dilution flagged. Cash dipped to $309M with $1.89B debt, yet $1.19B liquidity holds firm after $250M share repurchases YTD. Central and Southeast segments, over 35% of revenues, saw sharp margin erosion. Still, backlog conversion hit 70%. Competition from resale homes lingers as a key risk.
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