Jun. 23 at 8:24 PM
$KBH KB Home reports Q2 EPS 43c, consensus 46c
Reports Q2 revenue
$1.11B, consensus
$1.09B. "We produced solid second-quarter results that met or exceeded the mid-point of our key guidance ranges," said Jeffrey Mezger, Executive Chairman. "Our return to a predominantly Built to Order business model continued to gain momentum, with these homes representing 73% of our net orders in the quarter, progress that we believe supports stronger, more sustainable performance over time and across market cycles." "Operationally, our teams continued to execute well and generated meaningful results, achieving 35 new community openings, at the high end of our projection, and reducing our build times by more than a full week sequentially from home start to home completion," said Robert McGibney, President and Chief Executive Officer.
"At the same time, we remained disciplined as we continued to successfully navigate a difficult and fluid market environment, balancing pace and price while tightly managing costs." "The progress in our second quarter sets the foundation for the remainder of fiscal 2026, with sequentially higher delivery volumes and gross margins projected for each of the final two quarters. We remain committed to increasing shareholder value through improved performance, as well as our continued focus on operational excellence, strong financial flexibility and ongoing balanced approach to capital allocation," concluded Mezger.
