secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0000795266-24-000109
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home Q3 revenues up 10% to $1.75B; diluted EPS $2.04 (+13%)
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- Revenues $1.75B (+10% YoY); deliveries 3,631 homes (+8%); avg price $480,900 (+3%).
- Net income $157.3M (+5%); diluted EPS $2.04 (+13%) on net income growth and share repurchases.
- Net orders flat at 3,085; cancellation rate improved to 15% from 21%; ending community count up 10% to 254.
- Repurchased $150M of common stock in Q3; total $250M in first 9 months, ~5% of shares outstanding.
- FY2024 guidance: housing revenues $6.85-6.95B; homebuilding operating margin 11.1-11.2%; community count 250-255.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526624000109/0000795266-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526624000109/kbh-20240924.htm
  HTML page:      https://secwatch.observer/filing/0000795266-24-000109

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