KB Home Q4 revenues $1.67B, EPS $1.85; net orders surge 176% YoY

KB HOME

2023-FY EPS reported $7.03 revenue$6,410,629,000

Q4 revenues $1.67B (down from $1.94B YoY); diluted EPS $1.85 (down from $2.47).
Full-year FY2023 revenues $6.41B, diluted EPS $7.03; book value per share $50.22 (+15% YoY).
Net orders up 176% to 1,909; cancellation rate improved to 28% from 68%.
Repurchased 3.6M shares in Q4 ($161.8M); total 9.2M shares in 2023 at avg $44.51.
FY2024 guidance: housing revenue $6.4-6.8B, operating margin ~11%, community count ~270 (+12%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

KB HOME reported the three months ended November 30, 2023 results: revenue $1.67 billion, net income $150.3 million, EPS $1.85.

Period: the three months ended November 30, 2023
Revenue: $1.67 billion
Net income: $150.3 million
EPS: $1.85
Result: reported results

Exact text from the filing

KB HOME REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS Fourth Quarter Revenues of $1.67 Billion; Diluted Earnings Per Share of $1.85

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

KB HOME reported the twelve months ended November 30, 2023 results: revenue $6.41 billion, net income $590.2 million, EPS $7.03.

Period: the twelve months ended November 30, 2023
Revenue: $6.41 billion
Net income: $590.2 million
EPS: $7.03
Result: reported results

Exact text from the filing

Twelve Months Ended November 30, 2023 (comparisons on a year-over-year basis) • Revenues totaled $6.41 billion, compared to $6.90 billion. • Homes delivered of 13,236 were down 4%. • Average selling price was $481,300, compared to $500,800. • Net income was $590.2 million, compared to $816.7 million. • Diluted earnings per share were $7.03, compared to $9.09.

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Source: SEC EDGAR

accession 0000795266-24-000004

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