secwatch.observer — SEC 8-K summary
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Issuer:     KB HOME (KBH)
CIK:        0000795266
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0000795266-25-000109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KB Home Q4 EPS $1.55 (adj. $1.92), revenue $1.69B down 15.5% YoY; guides Q1 2026 deliveries 2,300-2,500
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- Q4 revenues $1.69B vs $2.00B YoY; deliveries down 9% to 3,619; avg selling price down 7% to $465,600.
- Q4 net income $101.5M ($1.55 diluted EPS); adjusted EPS $1.92 excluding $13.7M inventory charges and $16.0M accelerated equity comp.
- Full year 2025 revenues $6.24B vs $6.93B; net income $428.8M ($6.15 diluted EPS) down 35% YoY.
- Repurchased $100M of stock in Q4; new $1.2B credit facility maturing 2030; extended $360M term loan to 2029.
- Q1 2026 guidance: deliveries 2,300-2,500, housing revenues $1.05-1.15B, gross margin 15.4-16.0%; FY26 deliveries 11,000-12,500.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795266/000079526625000109/0000795266-25-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795266/000079526625000109/kbh-20251218.htm
  HTML page:      https://secwatch.observer/filing/0000795266-25-000109

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