KB Home (KBH) - NYSE
  • Tue, Jun. 21, 4:30 PM
    • FQ2 (ended May 31) housing revenue of $807.4M up 33%.
    • Deliveries of 2,329 homes up 30%. ASP of $346.7K up 2%.
    • Adjusted housing gross profit margin of 20.7% improves 40 basis points.
    • Homebuilding operating income of $25.9M up 45%, even with inventory and land option contract impairment charges of $11.7M, more than half of which came from the wind down of the company's D.C.-area operations. Excluding those charges,  operating income margin up 170 bps to 4.7%.
    • Conference call at 5 ET
    • Previously: KB Home beats by $0.03, beats on revenue (June 21)
    • KBH +3.5% after hours
    | Tue, Jun. 21, 4:30 PM
  • Tue, Jun. 21, 4:20 PM
    • KB Home (NYSE:KBH): FQ2 EPS of $0.17 beats by $0.03.
    • Revenue of $811M (+30.2% Y/Y) beats by $63.94M.
    • Press Release
    | Tue, Jun. 21, 4:20 PM | 2 Comments
  • Mon, Jun. 20, 5:35 PM
  • Wed, Mar. 23, 4:30 PM
    • FQ1 (ended Feb. 29) revenues of $678.4M up 17% Y/Y, with housing revenue of $672.6M up 28%.
    • Deliveries up 1,953 homes up 23%; ASP of $344.4K up 5%.
    • Adjusted housing gross profit margin of 20.7% up 120 basis points.
    • SG&A of 13.1% of housing revenues down from 13.5%.
    • Ending backlog value of $1.43B up 29%; number of homes of 4,285 up 22%.
    • Net order value of $824.7M up 9%; number of orders of 2,272 up 4%.
    • Cancellation rate of 21% falls from 25%.
    • Conference call at 5 ET
    • Previously: KB Home beats by $0.03, beats on revenue (March 23)
    • KBH +8.5% after hours
    | Wed, Mar. 23, 4:30 PM | 2 Comments
  • Wed, Mar. 23, 4:17 PM
    • KB Home (NYSE:KBH): FQ1 EPS of $0.14 beats by $0.03.
    • Revenue of $678.37M (+16.9% Y/Y) beats by $44.39M.
    • Shares +4%.
    • Press Release
    | Wed, Mar. 23, 4:17 PM
  • Tue, Mar. 22, 5:35 PM
    | Tue, Mar. 22, 5:35 PM | 4 Comments
  • Mon, Jan. 25, 11:50 AM
    • "Texas is in good shape," says D.R. Horton (DHI -3.5%) CEO David Auld, speaking on the earnings call (reported by Diana Olick). "We have a positive tone because we're seeing positive things out there in the market." Auld also takes note of DHI's cheaper "Express" brand, which he says is driving market share gains.
    • The stock is lower despite an earnings beat, with investors perhaps focusing on slowing price gains (sales orders up 9%, dollar amount up 12%).
    • Other names: Hovnanian (HOV -4.6%), Toll Brothers (TOL -3.4%), Lennar (LEN -3.4%), PulteGroup (PHM -3.1%), KB Home (KBH -3.8%).
    • ETFs: ITB, XHB
    | Mon, Jan. 25, 11:50 AM | 4 Comments
  • Thu, Jan. 7, 3:17 PM
    • KB Home (KBH -12.8%) attempted to bounce following a sharply lower open on the back of an earnings miss, but has fallen to new session lows. Among snippets from the earnings call:
    • The company sees FQ1 (ends Feb. 29) homebuilding revenue of $600M-$660M vs. consensus of $700M. Gross margin of 16%.
    • Low price points in Houston are moving, but high-end housing has hit a wall.
    • The company is beginning to see "boomerang" buyers - those who were foreclosed on post-crisis, but are back buying again.
    • Previously: KB Home modestly lower after earnings miss (Jan. 7)
    • ETFs: ITB -3.8%, XHB -3.1%
    | Thu, Jan. 7, 3:17 PM | 2 Comments
  • Thu, Jan. 7, 7:23 AM
    • FQ4 (ending Nov. 30) pretax income of $69.9M up from $28.6M a year ago.
    • Deliveries of 2,580 homes up 16% Y/Y. ASP of $379.8K up 8%.
    • Adjusted housing gross profit margin of 12.2% down 50 basis points from a year ago.
    • Backlogs of 3,966 homes up 36% from a year ago; dollar value of $1.28B up 40%.
    • Net orders of 1,882 homes up 10%; dollar value of $675.8M up 15%.
    • Management takes note of inclement weather and trade shortages as impacting results in the quarter.
    • Earnings call at 11:30 ET
    • Previously: KB Home misses by $0.07, misses on revenue (Jan. 7)
    • KBH -1.6% premarket on very light volume.
    | Thu, Jan. 7, 7:23 AM
  • Thu, Jan. 7, 6:36 AM
    • KB Home (NYSE:KBH): FQ4 EPS of $0.43 misses by $0.07.
    • Revenue of $985.78M (+23.8% Y/Y) misses by $84.22M.
    | Thu, Jan. 7, 6:36 AM | 1 Comment
  • Wed, Jan. 6, 5:30 PM
    | Wed, Jan. 6, 5:30 PM | 1 Comment
  • Sep. 24, 2015, 8:44 AM
    • FQ3 (ended Aug. 31) deliveries of 2,236 homes up 25% Y/Y. ASP of $357.2K up 9%.
    • Adjusted housing gross profit margin of 21.1% down 160 basis points Y/Y.
    • Backlogs of 4,664 homes up 36% from a year ago; backlog value of $1.59B up 44%.
    • Net orders of 2,167 up 19% Y/Y; value of $773.3M up 23%. Cancellation rate as a percentage of gross orders of 30% about flat.
    • Overall average community count of 257 vs. 197 a year ago.
    • "We are anticipating a strong finish to the year ... we expect to maintain this momentum into 2016."
    • Conference call at 11:30 ET
    • Previously: KB Home beats by $0.01, beats on revenue (Sept. 24)
    • KBH +1% premarket
    | Sep. 24, 2015, 8:44 AM | 2 Comments
  • Sep. 24, 2015, 8:33 AM
    • KB Home (NYSE:KBH): FQ3 EPS of $0.23 beats by $0.01.
    • Revenue of $843.16M (+43.1% Y/Y) beats by $24.63M.
    | Sep. 24, 2015, 8:33 AM
  • Sep. 23, 2015, 5:30 PM
  • Jun. 19, 2015, 8:42 AM
    • FQ2 (ending May 31) deliveries of 1,787 homes up 2% Y/Y. ASP of $338.5K up 6%, led by the West Coast, Central and Southeast regions; Southwest prices flat.
    • Housing gross profit margin of 16% down 290 basis points from a year ago, thanks to higher land and construction costs and increased pricing pressure in certain markets, among others.
    • Backlogs up 57% to $1.61B in dollar terms, up 39% to 4,733 homes.
    • Net orders up 33% to 3,015 homes, up 38% in dollar terms to $1.05B. Cancellation rate as a percentage of gross orders of 22% vs. 28%.
    • Average community count of 248 vs. 191 a year ago.
    • Earnings call at 11:30 ET.
    • Previously: KB Home beats by $0.02, beats on revenue (June 19)
    • KBH +2.5% premarket
    | Jun. 19, 2015, 8:42 AM
Company Description
KB Home is a homebuilding company that constructs and sells homes in the United States. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The company operates its business through four segments: West Coast, Southwest, Central and... More
Industry: Residential Construction
Country: United States