secwatch.observer — SEC 8-K summary
======================================

Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2022-06-22T23:59:59+00:00
Accession:  0000795266-22-000071
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home Q2 EPS $2.32 (+55% YoY); revenues $1.72B (+19%); backlog value up 43% to $6.12B
--------------------------------------------------------------------------------

- Net income $210.7M, diluted EPS $2.32, up 55% YoY.
- Homebuilding operating margin improved 410 bps to 15.4%; gross margin up 390 bps to 25.3%.
- Net order value up 4% to $2.12B; net orders down 9%; cancellation rate rose to 17% from 9%.
- Completed $350M offering of 7.25% senior notes due 2030, proceeds to retire 7.5% notes due 2022.
- Repurchased 1.5M shares for $50M under new $300M authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526622000071/0000795266-22-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526622000071/kbh-20220622.htm
  HTML page:      https://secwatch.observer/filing/0000795266-22-000071

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