KB Home Stock Price, News & Analysis

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.

KB Home (NYSE: KBH) will announce its earnings for Q2 ended May 31, 2022 after the market closes on June 22, 2022. A live earnings conference call is scheduled for 2:00 p.m. Pacific Time the same day. KB Home is recognized as a major homebuilder in the U.S., having constructed over 655,000 homes in 65 years. The company prides itself on personalization for homebuyers and is a leader in energy-efficient homebuilding, offering ENERGY STAR certified homes.