KB Home Q1 EPS up 21% to $1.76; net orders +55%; revenue +6% to $1.47B; FY24 guidance issued

KB HOME

2024-Q1 EPS reported $1.76 revenue$1,467,766,000

Diluted EPS $1.76, revenue $1.47B; net income $138.7M (+10% YoY).
Net orders 3,323 (+55%), net order value $1.58B (+58%); cancellation rate improved to 14% from 36%.
Repurchased $50M of common stock (826,663 shares); book value per share $51.14 (+14% YoY).
FY2024 guidance: housing rev $6.50B-$6.90B; ASP $480K-$490K; ending communities ~260 (+7%).
Housing gross margin 21.5%; homebuilding operating margin 10.8%; debt-to-capital 30.4% (improved 220 bps YoY).

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 0.92

KB HOME reported the first quarter ended February 29, 2024 results: revenue $1.47 billion, net income $138.7 million, EPS $1.76. Guidance reaffirmed.

Period: the first quarter ended February 29, 2024
Revenue: $1.47 billion
Net income: $138.7 million
EPS: $1.76
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Relations Contact (310) 893-7456 or jpeters@kbhome.com Cara Kane, Media Contact (321) 299-6844 or ckane@kbhome.com KB HOME REPORTS 2024 FIRST QUARTER RESULTS Revenues Grew 6% to $1.47 Billion; Diluted Earnings Per Share Increased 21% to $1.76 Net Orders Up 55%; Net Order Value Increased 58% to $1.58 billion Repurchased $50 Million of Common Stock LOS ANGELES (March

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Source: SEC EDGAR

accession 0000795266-24-000056

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