secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2024-06-18T23:59:59+00:00
Accession:  0000795266-24-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home Q2 EPS $2.15 (+11% YoY); revenues $1.71B; net orders up 2%
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- Diluted EPS rose 11% to $2.15; net income $168.4M, up 2%.
- Revenues $1.71B (down 3%); homes delivered 3,523; avg price $483K.
- Net orders 3,997 (+2%); net order value $2.03B (+7%); cancellation rate improved to 13% from 22%.
- Board raised quarterly dividend to $0.25/share and authorized $1B share repurchase; bought $50M in Q2.
- FY 2024 guidance: housing revenues $6.70-6.90B; housing gross margin 21.1-21.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526624000093/0000795266-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526624000093/kbh-20240618.htm
  HTML page:      https://secwatch.observer/filing/0000795266-24-000093

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