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 reports developments as a U.S. homebuilder that designs, builds and sells new homes and communities for first-time and move-up buyers. Company news commonly covers community openings in markets such as California, Arizona, Texas and Idaho, with details on home types, floor plans, amenities, school access and transportation links.
Updates also describe KB Home's personalized homebuilding model, including Design Studio selections, energy- and water-efficiency features and ENERGY STAR® certification. Recurring corporate items include dividends, earnings releases, share repurchase references and broader operating updates tied to land development and housing demand.
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KB Home reported significant growth for Q3 2021, with revenues rising 47% to $1.47 billion and diluted earnings per share increasing 93% to $1.60. Operating income margin improved by 270 basis points to 11.6%, while gross margin rose to 21.5%. Backlog value surged 89% to $4.84 billion. The company repurchased 4.7 million shares for $188.2 million. Despite supply chain delays impacting deliveries, KB Home is optimistic about future profitability and growth in 2022.
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KB Home (NYSE: KBH) celebrates the grand opening of Clover, a new community of single-family homes in Valencia, California, with prices starting from $680,000. Located near major highways and employment centers, Clover offers homebuyers customizable homes featuring spacious layouts and ENERGY STAR certification. The Valencia master plan includes enhanced amenities such as pools, trails, and parks. Homebuyers can enjoy personalized options and significant utility savings through energy-efficient designs. The community is now open for tours, catering to various lifestyle needs.
KB Home has been recognized by the U.S. Environmental Protection Agency (EPA) with a record 25 ENERGY STAR Market Leader Awards for its commitment to energy-efficient construction. This achievement reaffirms KB Home's position as the leading national homebuilder in energy efficiency, having built more ENERGY STAR certified homes than any other builder. The company's efforts have helped homeowners save an estimated $800 million in energy utility bills and reduced CO2 emissions by around 5.6 billion pounds, equivalent to removing 557,000 cars from the road.
KB Home (NYSE: KBH) will release its third quarter earnings report for the period ending August 31, 2021, post-market on September 22, 2021. A live webcast of the earnings call is scheduled for the same day at 2:00 PM Pacific Time. Known for its commitment to personalization and energy-efficient homebuilding, KB Home has constructed over 650,000 homes in its 60-year history across 45 markets in the U.S. The company continues to lead in customer satisfaction among national homebuilders.
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