secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0000795266-23-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home Q2 revenue $1.77B, EPS $1.94; net orders improve; FY guidance reaffirmed
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- Revenue $1.77B (+3% YoY), diluted EPS $1.94 (down from $2.32 YoY).
- Net orders 3,936 (+1% YoY), sequential improvement from -49% in Q1; cancellation rate 22% vs 17%.
- Homebuilding operating income margin 11.5% (ex-charges 11.7%), down 380 bps; housing gross margin 21.1% (ex-charges 21.4%).
- Repurchased 2.2M shares for $92M; book value per share $46.72 (+24% YoY).
- FY 2023 guidance: housing revenue $5.8B-$6.2B, housing gross margin ~21.2%, avg community count up ~10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000073/0000795266-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526623000073/kbh-20230621.htm
  HTML page:      https://secwatch.observer/filing/0000795266-23-000073

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