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KB Home (KBH)
NYSE:KBH
Earnings Data
Report Date
Jun 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.61Last Year’s EPS
2.15Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 24, 2025
|% Change Since: -5.21%
|Next Earnings Date:Jun 18, 2025
Earnings Call Sentiment|Neutral
While KB Home reported strong order numbers and improved several key metrics such as gross margin and community count, the call highlighted challenges including revised revenue guidance, a delivery shortfall, and a difficult sales environment in Florida. The sentiment is balanced with positive long-term outlooks and investments in land and community growth, but overshadowed by current operational challenges.Company Guidance
During the KB Home 2025 First Quarter Earnings Conference Call, the company provided guidance indicating a reduction in revenue expectations for fiscal 2025 due to a softer selling environment. The total revenues for the first quarter were $1.4 billion with a diluted earnings per share of $1.49. The company reported delivering fewer homes than anticipated, with a shortfall of approximately 225 homes, partly due to 75 delayed deliveries in Southern California affected by wildfires. The gross margin, excluding inventory-related charges, was 20.3%, with an SG&A ratio of 11%, resulting in an operating income margin of 9.3%. The company also highlighted an increase in book value per share to over $57, a 12% year-over-year increase. Net orders were 2,772, with an average community count in line with projections, and a monthly absorption pace of 3.6 homes. KB Home's backlog stood at over 4,400 homes valued at $2.2 billion, with improved build times of 147 days for built-to-order homes. The company anticipates maintaining 250 to 260 active communities throughout the second and third quarters of 2025 and ending the year with approximately 250 communities. The guidance for full-year revenues was revised to a range of $6.6 billion to $7 billion, and the overall average selling price projection was adjusted to between $480,000 and $495,000.Revenue and Earnings
KB Home reported total revenues of $1.4 billion and diluted earnings per share of $1.49 for the first quarter of fiscal 2025.
Improved Metrics
Gross margin held at 20.3% excluding inventory-related charges, above the midpoint of the guided range, and the book value per share increased to over $57, a 12% year-over-year increase.
Strong Net Orders
The company generated 2,772 net orders in the first quarter, and saw a meaningful improvement in net orders in the last two weeks of the quarter, continuing into the second quarter.
Community Count Growth
The average community count increased by 7% year over year, with plans to maintain roughly 250 to 260 active communities throughout the 2025 second and third quarters.
Investment in Land
Invested $920 million in land acquisition and development during the quarter, with a lot position increased by 41% to over 78,200 lots owned or controlled.
Efficient Build Times
Build times improved to 147 days, with built-to-order homes at 139 days, moving closer to the goal of 120 days from start to home completion.
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KBH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KBH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 24, 2025 | $61.79 | $58.57 | -5.21% |
| Jan 13, 2025 | $63.84 | $66.92 | +4.82% |
| Sep 24, 2024 | $86.83 | $82.18 | -5.36% |
| Jun 18, 2024 | $67.35 | $69.27 | +2.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KB Home (KBH) report earnings?
KB Home (KBH) is schdueled to report earning on Jun 18, 2025, TBA Not Confirmed.
What is KB Home (KBH) earnings time?
KB Home (KBH) earnings time is at Jun 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KBH EPS forecast?
KBH EPS forecast for the fiscal quarter 2025 (Q2) is 1.61.
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