KB Home Q1 revenue falls 5% to $1.39 billion; company cuts 2025 revenue guidance
KB Home reported first-quarter results for the three months ended February 28, 2025, with revenues down 5% to $1.39 billion and diluted earnings per share down 15% to $1.49. The company reduced its 2025 revenue guidance, citing lower net orders in the first quarter, and named Robert R. Dillard as executive vice president and chief financial officer effective March 31, 2025. For shareholders, the decline in sales and profit and the cut to guidance are the main points, while the CFO appointment changes the company's finance leadership.
- Revenues of $1.39 billion, down 5%; net income of $109.6 million, down 21%; diluted EPS of $1.49, down 15%.
- Net orders of 2,772, down 17%; ending backlog value of $2.20 billion, down 21%.
- Reduced 2025 revenue guidance; new range for housing revenues is $6.60 billion to $7.00 billion.
- Robert R. Dillard, formerly CFO of Sonoco Products Company, becomes CFO effective March 31, 2025, with a base salary of $750,000.