KB HOME (KBH) Company Report

KB Home entered into a new revolving credit agreement for up to $1.2 billion, with the potential to increase to $1.7 billion, maturing on November 12, 2030.
Concurrently, the company amended and restated its $360.0 million senior unsecured term loan agreement, extending its maturity to November 12, 2029.
The prior $1.09 billion revolving credit facility was terminated without incurring early termination penalties.

Nov 12, 2025, 11:18 PM

8-K

KB Home Expands Share Buyback Program

KBH

Share Buyback

Dividends

Guidance Update

KB Home has authorized an additional $1 billion for its share repurchase program, building on over $1.5 billion in repurchases since 2021, which accounts for more than 34% of its outstanding shares.
The company maintains a stable and growing dividend, with a recent payment of $0.25 per share and a yield of 1.6%. The dividend has significantly grown from $0.10 in 2015 to $1.00 in the most recent fiscal year, representing an approximate annual growth rate of 26%.
While earnings per share (EPS) are forecasted to decline by 13.3% over the next year, the payout ratio is expected to remain sustainable at around 18%, and the CEO views the current stock price as undervalued.
KB Home operates in 49 markets and is recognized as the #1 customer-ranked national homebuilder in the U.S., leading the industry in sustainability.

Oct 27, 2025, 9:20 PM

Morningstar

KB Home Announces New Share Repurchase Authorization

KBH

Share Buyback

KB Home's Board of Directors authorized a new $1 billion share repurchase authorization on October 27, 2025, which replaces a prior authorization.
Since starting its repurchase program in 2021, the company has repurchased over $1.5 billion of shares, accounting for more than 34% of its outstanding shares.
The company views its shares as undervalued and intends for share repurchases to remain a key priority.

Oct 27, 2025, 8:46 PM

8-K

KB Home Announces New Share Repurchase Authorization

KBH

Share Buyback

KB Home's Board of Directors has authorized a new share repurchase program of up to $1 billion of its outstanding common stock, replacing a prior authorization.
The company believes its shares are undervalued and expects share repurchases to remain a key priority, citing its ongoing ability to generate significant operating cash flows and maintain a solid balance sheet.
Since initiating its repurchase program in 2021, KB Home has repurchased over $1.5 billion of shares, representing more than 34% of its shares outstanding, and states it has led the industry in repurchasing the highest percentage of its market capitalization.

Oct 27, 2025, 8:10 PM

Press Release

KB Home Announces Q3 2025 Results

KBH

Earnings

Share Buyback

Demand Weakening

KB Home reported total revenues of $1.62 billion, net income of $109.8 million, and diluted earnings per share of $1.61 for Q3 2025.
Housing revenues for the quarter decreased 8% to $1.61 billion, with deliveries down 7% to 3,393 homes and the average selling price decreasing 1% to $475,700 compared to Q3 2024.
Net orders for Q3 2025 were 2,950, a 4% decrease year-over-year, and the backlog value declined 32% to $1.99 billion.
During the quarter, the company repurchased approximately 3.3 million shares of its common stock for $188.5 million, contributing to an 11% increase in book value per share to $60.25.
As of Q3 2025, KB Home maintained total liquidity of $1.16 billion and a debt-to-capital ratio of 33.2%.

Sep 24, 2025, 9:00 PM

Presentation

KB Home Reports Q3 2025 Results and Updates Full-Year Guidance

KBH

Earnings

Guidance Update

Share Buyback

KB Home reported Q3 2025 housing revenues of $1.61 billion, an 8% decrease from the prior year, and net income of $110 million, resulting in $1.61 per diluted share.
The company provided Q4 2025 housing revenue guidance of $1.6 billion to $1.7 billion and full-year 2025 housing revenue guidance of $6.1 billion to $6.2 billion.
KB Home is strategically shifting its sales approach to emphasize built-to-order homes, aiming to return to its historical average of close to 70% from around 50% currently, which is expected to generate a gross margin 250 to 500 basis points higher than inventory homes.
In Q3 2025, the company repurchased 3.3 million shares at an average price of $57.12 for $188 million, contributing to over $490 million in capital returned to shareholders in the first nine months of fiscal 2025.
Build times improved by 10 days sequentially to 130 calendar days in Q3, and the company canceled contracts for approximately 6,800 lots that no longer met underwriting criteria, noting a more constructive land market with softening prices.

Sep 24, 2025, 9:00 PM

Transcript

KB Home Reports Q3 2025 Results and Provides Full-Year Guidance

KBH

Earnings

Guidance Update

Share Buyback

KB Home reported revenues of $1.62 billion and diluted earnings per share of $1.61 for the third quarter ended August 31, 2025.
The company repurchased $188.5 million of common stock in Q3 2025, contributing to over $490 million in share repurchases during the first nine months of fiscal year 2025.
For the full fiscal year 2025, KB Home anticipates housing revenues between $6.10 billion and $6.20 billion, with an average selling price of approximately $483,000.
In Q3 2025, the company delivered 3,393 homes and recorded 2,950 net orders, with the ending backlog value totaling $1.99 billion.

Sep 24, 2025, 8:24 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for KB HOME.

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