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.
KB Home (NYSE: KBH) has announced the grand opening of Savannah at McSweeny Farms, a new community featuring single-story homes in Hemet, California. Conveniently located near major highways and shopping areas, the community will include an 18,000-square-foot recreation center and is surrounded by outdoor recreational opportunities. Home sizes range from 1,400 to 2,100 square feet, with prices starting from the low $400,000s. Each home will be ENERGY STAR certified, focusing on energy efficiency and indoor air quality.
KB Home (NYSE: KBH) announced the election of Brian R. Niccol to its Board of Directors on July 8, 2021. He will also serve on the Management Development and Compensation Committee. Michael M. Wood, a Board member since 2014, transitions to the advisory role of Director Emeritus. This change maintains the Board's size at 12 members, with 11 being independent. Niccol brings vast experience in operational strategy and sustainability, which may benefit KB Home’s growth and environmental initiatives.
KB Home has appointed Robert McGibney as Executive Vice President and Co-Chief Operating Officer, effective July 1, 2021. He will oversee operations in the West Coast and Southwest regions, as well as key strategic functions like architecture and sustainability. The company anticipates $6 billion in revenues for the year, underscoring its growth potential. Matthew Mandino continues as Co-Chief Operating Officer responsible for the Central and Southeast regions. KB Home is recognized for its energy-efficient homes and commitment to customer satisfaction.
KB Home (NYSE: KBH) announced an expansion of its stock repurchase program from 2 million to 5 million shares, with purchases made at management's discretion. Additionally, the Board declared a quarterly cash dividend of $0.15 per share, payable on August 19, 2021. CEO Jeffrey Mezger emphasized the company's strong cash flow, balanced capital allocation, and commitment to shareholder returns while maintaining flexibility for opportunistic share buybacks. KB Home is recognized for its energy-efficient homes and has built nearly 650,000 homes over its 60-year history.
KB Home reported strong Q2 2021 results, with revenues up 58% year-over-year to $1.44 billion, driven by a 40% increase in homes delivered. Gross margins rose to 21.4%, while operating margins exceeded 11%. The backlog value reached $4 billion, positioning the company for significant revenue growth. Net income soared 176% to $143.4 million. Despite supply chain challenges, net orders increased 145%, the highest second-quarter level in 14 years, along with a substantial decline in cancellation rates, reflecting a robust demand for housing.
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