---
schema_version: "secwatch.filing_event.v1"
accession: "0000795266-24-000056"
form_type: "8-K"
ticker: "KBH"
cik: "0000795266"
company_name: "KB HOME"
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T12:36:42.917070+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000795266-24-000056
- form_type: 8-K
- ticker: KBH
- cik: 0000795266
- company_name: KB HOME
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/795266/000079526624000056/0000795266-24-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/795266/000079526624000056/kbh-20240320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000795266-24-000056
- JSON: https://secwatch.observer/filing/0000795266-24-000056.json
- Plain text: https://secwatch.observer/filing/0000795266-24-000056.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/795266/000079526624000056/0000795266-24-000056-index.htm

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