secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2022-03-23T23:59:59+00:00
Accession:  0000795266-22-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home Q1 revenues up 23% to $1.40B, EPS $1.47 (+44%), backlog value up 55%
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- Revenues $1.40B (+23% YoY); diluted EPS $1.47 (+44%) on net income $134.3M.
- Homebuilding operating income margin expanded 220 bps to 12.2%; gross margin 22.4%.
- Net order value $2.15B (+15%); ending backlog value $5.71B (+55%), highest since 2007.
- FY2022 guidance reaffirmed: housing revenues $7.20-7.60B, operating margin >16%, ROE >27%.
- S&P reaffirmed BB credit rating and revised outlook to positive from stable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526622000039/0000795266-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526622000039/kbh-20220323.htm
  HTML page:      https://secwatch.observer/filing/0000795266-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer