Welcome to our dedicated page for KB Home news (Ticker: KBH), a resource for investors and traders seeking the latest updates and insights on KB Home stock.
KB Home (NYSE: KBH) is a leading national homebuilder recognized for energy-efficient construction and customizable home designs. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and operational milestones.
Comprehensive News Resource: Track all official KB Home announcements including quarterly earnings, sustainability initiatives, strategic partnerships, and market expansion efforts. Our curated feed ensures access to both regulatory filings and substantive business updates.
Key Coverage Areas: Stay informed about new community developments, innovative building practices, mortgage service updates, and leadership changes. Content spans SEC filings, press releases, and analysis of housing market positioning.
Investor-Centric Formatting: Quickly scan chronologically organized updates with clear event categorization. Bookmark this page for efficient monitoring of KBH's progress in delivering affordable, sustainable homes across key U.S. markets.
The board of directors of KB Home (NYSE: KBH) has announced a quarterly cash dividend of $.15 per share on its common stock. This dividend is payable on August 18, 2022, to stockholders of record on August 4, 2022. Established over 65 years ago, KB Home is a leading homebuilder in the U.S., recognized for building over 655,000 homes. The company differentiates itself through customizable home options and energy-efficient designs, holding the title of the top-ranked national homebuilder in customer satisfaction.
KB Home has announced the grand opening of two new-home communities, Oak Shade and Durango, located in the Shadow Mountain master plan in Menifee, California. These communities feature spacious single-family homes, with Oak Shade offering homes priced from the $470,000s and Durango from the $510,000s. The neighborhoods provide easy access to major employment centers and amenities like parks and recreational facilities. Future community enhancements will include a playground and sports fields. KB Home continues to emphasize personalized home designs and energy-efficient standards.
KB Home reported a 19% revenue increase to $1.72 billion for Q2 2022, with diluted EPS rising 55% to $2.32. Improved operating income margin reached 15.4%, while gross margin grew to 25.3%. Net order value rose 4% to $2.12 billion, and backlog value surged 43% to $6.12 billion, the highest second-quarter record in its history. The firm reaffirmed its fiscal 2022 guidance, expecting housing revenues between $7.30 billion and $7.50 billion, driven by a favorable pricing environment despite rising construction costs.
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