secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0000795266-24-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526624000056/0000795266-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526624000056/kbh-20240320.htm
  HTML page:      https://secwatch.observer/filing/0000795266-24-000056

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