secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0000795266-25-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home Q1 diluted EPS $1.49 (-15%), reduces FY2025 revenue guidance
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- Revenue $1.39B (-5% YoY), net income $109.6M (-21%), homebuilding operating income $127.3M.
- Net orders 2,772 (-17%), cancellation rate 16% (vs 14%), backlog value down 21% to $2.20B.
- FY2025 housing revenue guidance cut to $6.6B-$7.0B; housing gross margin 19.2%-20.0%.
- Robert R. Dillard appointed EVP and CFO effective March 31; previously CFO at Sonoco.
- Repurchased $50M of common stock in Q1; $650M remains under repurchase authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526625000035/0000795266-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526625000035/kbh-20250324.htm
  HTML page:      https://secwatch.observer/filing/0000795266-25-000035

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