KB Home
- KB Home increased 3.4% to $54.59 after the home builder released its fiscal second quarter results.
Revenue declined 27% to $1.1 billion from $1.5 billion, net income dropped to $27.4 million from $107.9 million, and diluted earnings per share eased to 43 cents from $1.50 a year ago.
In the period, the company delivered 2,395 homes, a decrease of 23%, and the average home selling price eased to $461,900 from $488,700 a year ago, respectively.
The company's net new orders in the quarter totaled 3,317, a decrease of 4%; backlog at the end of the quarter fell 5% to 4,526; and backlog value fell 7% to $2.2 billion.
The cancellation rate as a percentage of gross orders was 12%, compared to 16%.
For the fiscal third quarter, the company estimated total home deliveries to range between 2,600 and 2,800 and housing revenue to range between $1.20 billion and $1.35 billion.
Jun 24, 2026
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