News

• KB Home dropped 7.2% to $57.34 after the homebuilder missed earnings expectations for the fiscal first quarter of 2025.
  
  Housing revenue declined 5% to $1.39 billion from $1.47 billion, net income edged down to $109.5 million from $138.7 million, and diluted earnings per share fell to $1.49 from $1.76 a year ago.
  
  New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.
  
  The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.
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  Mar 25, 2025
• KB Home dropped 7.2% to $57.34 after the homebuilder missed earnings expectations for the fiscal first quarter of 2025.
  
  Housing revenue declined 5% to $1.39 billion from $1.47 billion, net income edged down to $109.5 million from $138.7 million, and diluted earnings per share fell to $1.49 from $1.76 a year ago.
  
  New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.
  
  The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.
  
  During the quarter, the company repurchased 753,939 shares at a total cost of $50.0 million, or $66.32 per share.
  
  As of February 28, KB Home had $650.0 million remaining under its current stock repurchase authorization.
  
  The home builder guided for the full year housing revenue to be between $6.60 billion and $7.00 billion, compared to $6.93 billion a year ago.
  
  The average home selling price is estimated to be between $480,000 and $495,000, compared to $486,900 in 2024. Less
  
  Mar 25, 2025


• KB Home increased 10.6% to $70.86 after the home builder reported better-than-expected quarterly results. 
  
  Revenue in the fourth quarter increased 19% to $1.99 billion from $1.67 billion, net income advanced 27% to $190.6 million from $150.3 million, and diluted earnings per share rose to $2.52 from $1.85 a year ago. 
  
  Homes delivered in the quarter increased 17% to 3,978 homes, and net orders and net order value for the quarter both increased by 41%, reaching 2,688 and $1.32 billion, respectively. 
  
  Jan 14, 2025
• KB Home increased 10.6% to $70.86 after the home builder reported better-than-expected quarterly results. 
  
  Revenue in the fourth quarter increased 19% to $1.99 billion from $1.67 billion, net income advanced 27% to $190.6 million from $150.3 million, and diluted earnings per share rose to $2.52 from $1.85 a year ago. 
  
  Homes delivered in the quarter increased 17% to 3,978 homes, and net orders and net order value for the quarter both increased by 41%, reaching 2,688 and $1.32 billion, respectively.  Less
  
  Jan 14, 2025