{"schema_version":"secwatch.filing_event.v1","accession":"0000795266-23-000004","form_type":"8-K","ticker":"KBH","cik":"0000795266","company_name":"KB HOME","filed_at":"2023-01-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.107761+00:00","generated_at":"2026-06-20T16:45:29.435924+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KB Home Q4 revenue up 16% to $1.94B, EPS $2.47; net orders plummet 80% as cancellations spike to 68%","bullets":["Q4 diluted EPS $2.47 (+29% YoY) on revenue $1.94B (+16%).","Net orders fell to 692 from 3,529; cancellation rate of 68% vs 13% a year ago.","Backlog units down 27% to 7,662; value $3.69B (-25%).","Q1 2023 guidance: housing rev $1.25B-$1.40B; operating margin 9.5%-10.5% (excl. charges).","Full year 2023 housing rev guidance $5B-$6B; reflects cautious outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0000795266-23-000004","json":"https://secwatch.observer/filing/0000795266-23-000004.json","markdown":"https://secwatch.observer/filing/0000795266-23-000004.md","text":"https://secwatch.observer/filing/0000795266-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/795266/000079526623000004/0000795266-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/795266/000079526623000004/kbh-20230111.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:45:29.435924+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"909aee774592742726dacf14fcbbaa196595f23c","claim":"KB HOME reported the three months ended November 30, 2022 results: revenue $1.94 billion, net income $216.4 million, EPS $2.47.","evidence_excerpt":"Three Months Ended November 30, 2022 (comparisons on a year-over-year basis) • Revenues grew 16% to $1.94 billion. • Homes delivered increased 3% to 3,786. • Average selling price rose 13% to $510,400. • Homebuilding operating income grew 30% to $278.2 million. The homebuilding operating income margin increased to 14.4%, compared to 12.8%. Excluding total inventory-related charges of $27.9 million for the current quarter and $.7 million for the year-earlier quarter, the homebuilding operating income margin increased 290 basis points to 15.8% as a result of improvements in both the housing gross profit margin and selling, general and administrative expense ratio. ◦ The housing gross profit margin increased 10 basis points to 22.4%. Excluding the above-mentioned inventory-related charges, the housing gross profit margin improved 150 basis points to 23.9% from 22.4%, primarily due to the higher average selling price of homes delivered, which reflected a favorable pricing environment earli","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/795266/000079526623000004/0000795266-23-000004-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended November 30, 2022"},{"label":"Revenue","value":"$1.94 billion"},{"label":"Net income","value":"$216.4 million"},{"label":"EPS","value":"$2.47"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f8e7afb42ae71b16a1edcc5da3c53be65984d744","claim":"KB HOME reported the twelve months ended November 30, 2022 results: revenue $6.90 billion, net income $816.7 million, EPS $9.09.","evidence_excerpt":"Twelve Months Ended November 30, 2022 (comparisons on a year-over-year basis) • Homes delivered increased 2% to 13,738. • Average selling price rose to $500,800, up 18%. • Revenues of $6.90 billion grew 21%. • Pretax income increased 54% to $1.07 billion. • Net income rose 45% to $816.7 million. • Diluted earnings per share increased 51% to $9.09.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/795266/000079526623000004/0000795266-23-000004-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended November 30, 2022"},{"label":"Revenue","value":"$6.90 billion"},{"label":"Net income","value":"$816.7 million"},{"label":"EPS","value":"$9.09"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}