KB Home Q2 revenue falls 11% to $1.53 billion; net income down 36%
KB Home reported second-quarter revenues of $1.53 billion, down from $1.71 billion a year earlier, as homes delivered fell 11% to 3,120. Net income fell 36% to $107.9 million and diluted earnings per share fell 30% to $1.50, and the company repurchased $200.0 million of its common stock during the quarter. The filing also sets 2025 full-year guidance, including housing revenues of $6.30 billion to $6.50 billion.
- Revenues totaled $1.53 billion for the three months ended May 31, 2025, compared with $1.71 billion; homes delivered fell 11% to 3,120.
- Net income decreased 36% to $107.9 million; diluted EPS declined 30% to $1.50 from $2.15.
- Homebuilding operating income margin was 8.6%, compared with 11.1%, due to a lower housing gross profit margin and higher SG&A expenses.
- The company repurchased $200.0 million of common stock in the quarter and had $450.0 million remaining under its current authorization; full-year 2025 housing revenue guidance is $6.30 billion to $6.50 billion.