Earnings ·
KB Home reported third-quarter results for the period ended August 31, 2026, with revenues of $1.30 billion and…
KBHKB Home
KB Home reported third-quarter results for the period ended August 31, 2026, with revenues of $1.30 billion and diluted earnings per share of $1.05. Revenues declined 20% year-over-year as homes delivered fell 19% to 2,732 units at an average selling price of $473,000. Net income was $65.3 million compared to $109.8 million in the prior-year quarter. The company repurchased 0.9 million shares for $50.0 million during the quarter, bringing total year-to-date buybacks to $175.0 million. Backlog increased 2% to 4,398 homes valued at $2.05 billion. Management reaffirmed full-year guidance for deliveries between 10,500 and 11,000 homes and housing revenues of $4.90 billion to $5.10 billion. KB Home is a major U.S. homebuilder operating in 50 markets.