secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0000795266-23-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000033/0000795266-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000033/kbh-20230322.htm
  HTML page:      https://secwatch.observer/filing/0000795266-23-000033

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