KB Home board authorizes $1B share repurchase, replaces prior authorization

KB HOME

New authorization allows repurchase of up to $1 billion of common stock, effective immediately.
Since 2021, KB Home has repurchased over $1.5 billion shares, reducing shares outstanding by over 34%.
CEO Jeffrey Mezger stated shares are undervalued and repurchases remain a key priority.
Company expects to continue generating strong operating cash flows while maintaining a solid balance sheet.

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