---
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"
generated_at: "2026-06-20T16:45:29.435924+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KB Home Q4 revenue up 16% to $1.94B, EPS $2.47; net orders plummet 80% as cancellations spike to 68%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000795266-23-000004
- JSON: https://secwatch.observer/filing/0000795266-23-000004.json
- Plain text: https://secwatch.observer/filing/0000795266-23-000004.txt

## Key facts
- Earnings Releases
  KB HOME reported the three months ended November 30, 2022 results: revenue $1.94 billion, net income $216.4 million, EPS $2.47.
  - Period: the three months ended November 30, 2022
  - Revenue: $1.94 billion
  - Net income: $216.4 million
  - EPS: $2.47
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/795266/000079526623000004/0000795266-23-000004-index.htm
- Earnings Releases
  KB HOME reported the twelve months ended November 30, 2022 results: revenue $6.90 billion, net income $816.7 million, EPS $9.09.
  - Period: the twelve months ended November 30, 2022
  - Revenue: $6.90 billion
  - Net income: $816.7 million
  - EPS: $9.09
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/795266/000079526623000004/0000795266-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.