KBH
KB Home63.91
-1.09-1.68%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Key Stats
Market Cap
4.14BP/E (TTM)
8.99Basic EPS (TTM)
7.11Dividend Yield
0.02%Recent Filings
8-K
KB Home names new CEO
KB Home promoted Robert V. McGibney, 51, from President and COO to President and CEO effective March 1, 2026, adding him to the board. Jeffrey T. Mezger, 70, shifts to Executive Chairman, retaining the most senior executive role and strategic oversight. Succession is seamless. This bolsters continuity amid Mezger's 20-year CEO tenure.
10-K
FY2025 results
KB Home delivered 12,902 homes in FY2025 ended November 30, 2025, down 9% y/y, with housing revenues of $6.21B (down 10%) and housing gross margin of 18.6% (down 240bps y/y to 19.1% adjusted, derived), pressured by price reductions and higher land costs but offset by lower construction costs; Q4 contributed 28% of deliveries (up from 27% in 2024), with cancellation rate at 18% (up from 17%) yet backlog conversion improved to 84% (derived). Net orders fell 11% y/y to 11,596 homes at $463K ASP (down 6%), with Q4 down 10% y/y; community count rose 5% to 271. Strong liquidity at $1.43B ($229M cash + $1.20B revolver availability) supported $539M buybacks and $69M dividends. Q4 accelerated Built to Order sales mix toward historical 60-70%. Elevated mortgage rates and affordability risks could slow quarterly momentum.
8-K
KBH exec incentives awarded
8-K
Q4 revenues $1.69B, EPS $1.55
KB Home reported Q4 revenues of $1.69B, down from $2.00B, with homes delivered falling 9% to 3,619 at an average $465,600—housing gross margin slipped to 17.0% from 20.9% amid affordability headwinds. Full-year net income hit $428.8M, diluted EPS $6.15; repurchased $538.5M in stock while securing a $1.20B credit facility to 2030. Backlog shrank to 3,128 homes.
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