---
schema_version: "secwatch.filing_event.v1"
accession: "0000795266-23-000033"
form_type: "8-K"
ticker: "KBH"
cik: "0000795266"
company_name: "KB HOME"
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:52:13.622142+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KB Home Q1 EPS $1.45 flat YoY; revenues $1.38B; new $500M buyback authorized

## Summary
- Net income $125.5M (down 7% YoY); diluted EPS $1.45 flat YoY; revenues $1.38B essentially flat.
- Homebuilding operating income margin 11.4% (down from 12.2%); housing gross margin 21.5% (down 90 bps).
- Net orders 2,142 (down 49% YoY); cancellation rate 36% (vs 11% prior year, improved from 68% sequentially).
- Board authorized $500M stock repurchase, replacing prior authorization with $75M remaining.
- FY 2023 guidance: housing revenues $5.2B-$5.9B; operating margin 10-11%; avg community count up low double-digit %.

## SEC filing metadata
- accession: 0000795266-23-000033
- form_type: 8-K
- ticker: KBH
- cik: 0000795266
- company_name: KB HOME
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795266/000079526623000033/0000795266-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795266/000079526623000033/kbh-20230322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000795266-23-000033
- JSON: https://secwatch.observer/filing/0000795266-23-000033.json
- Plain text: https://secwatch.observer/filing/0000795266-23-000033.txt

## Key facts
- Earnings Releases
  KB HOME reported three months ended February 28, 2023 results: revenue Total Revenues of $1.38 Billion, net income Net Income of $125.5 Million, EPS Diluted Earnings Per Share of $1.45. Guidance initiated.
  - Period: three months ended February 28, 2023
  - Revenue: Total Revenues of $1.38 Billion
  - Net income: Net Income of $125.5 Million
  - EPS: Diluted Earnings Per Share of $1.45
  - Guidance: initiated
  - Result: reported results
  source text: KB HOME REPORTS 2023 FIRST QUARTER RESULTS Total Revenues of $1.38 Billion Net Income of $125.5 Million; Diluted Earnings Per Share of $1.45
  evidence_url: https://www.sec.gov/Archives/edgar/data/795266/000079526623000033/0000795266-23-000033-index.htm

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