Every material Form 8-K KB Home has filed with the SEC since March 24, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On October 8, 2026, KB Home's compensation committee approved performance-based restricted stock unit awards to CEO Robert V. McGibney, Jeffrey T. Mezger and Brian J. Woram. The awards vest based on three-year cumulative earnings per share, average return on invested capital and relative revenue growth over December 1, 2026 to November 30, 2029, and this routine compensation disclosure does not change reported results.
KB Home reported results for the quarter ended August 31, 2026. Revenues fell 20% to $1.30 billion, net income dropped to $65.3 million from $109.8 million, and diluted earnings per share were $1.05, down from $1.61. Management kept its full-year 2026 deliveries, housing revenue and margin guidance within the ranges it last gave, but the lower quarterly profit reduces earnings for shareholders.
Revenues were $1.30 billion, down 20%, and homes delivered fell 19% to 2,732.
Housing gross profit margin was 16.5%, compared to 18.2%, and homebuilding operating income was $67.1 million, compared to $131.2 million.
Net orders fell 12% to 2,604, while backlog value rose 3% to $2.05 billion.
Full-year 2026 guidance was not changed; fourth-quarter deliveries are expected at 3,000 to 3,500 homes.
KB Home reported second-quarter results for the three months ended May 31, 2026, with revenues down 27% from a year earlier to $1.11 billion and net income falling to $27.3 million from $107.9 million. Diluted earnings per share were $0.43 versus $1.50, and the homebuilding operating income margin dropped to 2.5% from 8.6%. Management said results met or exceeded the midpoint of its key guidance ranges, and the company issued third-quarter and full-year 2026 guidance and repurchased $75.0 million of common stock in the quarter.
Revenues were $1.11 billion, down 27%; homes delivered fell 23% to 2,395.
Net income was $27.3 million versus $107.9 million; diluted EPS was $0.43 versus $1.50.
Housing gross profit margin was 15.2% versus 19.3%, reflecting price reductions and higher relative land costs.
Third-quarter guidance calls for 2,600 to 2,800 deliveries; full-year housing revenues are guided to $4.90 billion to $5.30 billion.
KB Home said Executive Vice President and Chief Financial Officer Robert R. Dillard resigned on April 29, 2026, effective May 8, 2026. The company stated that his decision was not related to any disagreement with KB Home or its financial or accounting policies or practices.
Robert R. Dillard, Executive Vice President and Chief Financial Officer, resigned on April 29, 2026.
Resignation takes effect May 8, 2026.
KB Home stated the departure was not related to any disagreement with the company or its financial or accounting policies or practices.
KB Home reported first-quarter results for the three months ended February 28, 2026, with revenues down 23% to $1.08 billion and net income down to $33.4 million from $109.6 million. Diluted earnings per share fell to $0.52 from $1.49, and the company said it repurchased $50.0 million of common stock, which supported per-share results.
Homes delivered fell 14% to 2,370, and average selling price was $452,100 compared with $500,700.
Homebuilding operating income was $33.0 million versus $127.3 million; housing gross profit margin was 15.3% versus 20.2%.
Net orders rose 3% to 2,846, while ending backlog was 3,604 homes worth $1.70 billion, compared with 4,436 homes worth $2.20 billion a year earlier.
For the second quarter, guidance calls for 2,250 to 2,450 deliveries and housing revenues of $1.05 billion to $1.15 billion.
KB Home's board promoted President and Chief Operating Officer Robert McGibney to President and Chief Executive Officer, effective March 1, 2026, and appointed him a director. Jeffrey Mezger, CEO and Chairman, will become Executive Chairman and remain the most senior executive officer with a significant management role. The filing describes a planned succession process, and it reports no change to financial results or guidance.
Robert McGibney, 51, joined KB Home in 2000 and was named President in 2024; he becomes CEO and a director effective March 1, 2026
Jeffrey Mezger, 70, has been CEO since 2006 and Chairman since 2016; he becomes Executive Chairman on the same date
McGibney will not serve on board committees or receive additional compensation for board service
The filing reports no arrangements or family relationships tied to his appointment
On January 22, 2026, KB Home's compensation committee set 2025 fiscal year annual incentive awards under its incentive program, and the board approved the award for Jeffrey T. Mezger. The filing lists total annual incentives for four named executive officers, with Mezger receiving the largest at $5,846,862. This is a routine compensation disclosure and does not report a change in officers or directors.
Jeffrey T. Mezger total annual incentive: $5,846,862
Robert V. McGibney total annual incentive: $2,826,839
Albert Z. Praw total annual incentive: $1,353,038 and Brian J. Woram total annual incentive: $1,253,180
Awards determined January 22, 2026 for the 2025 fiscal year
KB Home director James C. Weaver told the company on January 6, 2026 that he will not stand for re-election at the 2026 Annual Meeting of Stockholders. He will serve out his current term, which ends at that meeting, and the filing says his decision was not due to any disagreement with the company or its board.
Director James C. Weaver informed KB Home on January 6, 2026 of his decision not to seek re-election.
Weaver will serve the remainder of his term, ending at the 2026 Annual Meeting of Stockholders.
The filing states the decision was not due to any disagreement with KB Home or its board.
KB Home reported fourth-quarter fiscal 2025 revenue of $1.69 billion, down from $2.00 billion a year earlier, and diluted earnings per share of $1.55, down from $2.52. For the full year, revenue was $6.24 billion and diluted EPS was $6.15, down 27%. The company also gave 2026 guidance, with full-year housing revenue of $5.10 billion to $6.10 billion, which shareholders can compare with the $6.24 billion total revenue reported for fiscal 2025.
Q4 net income was $101.5 million, compared to $190.6 million; adjusted diluted EPS was $1.92, excluding inventory-related charges, accelerated equity-based compensation and a loss on debt extinguishment.
Net orders fell 10% to 2,414 homes and the ending backlog was 3,128 homes, compared to 4,434.
Housing gross profit margin was 17.0%, compared to 20.9%, reflecting price reductions, higher relative land costs and geographic mix.
2026 first-quarter guidance calls for 2,300 to 2,500 deliveries and housing revenue of $1.05 billion to $1.15 billion.
KB Home entered a new $1.2 billion revolving credit agreement maturing November 12, 2030, which replaces its prior $1.09 billion revolving facility, and amended and restated its $360.0 million term loan to extend maturity to November 12, 2029. The filing says the prior revolver was terminated with no early termination penalties, and the new revolver may be increased to up to $1.7 billion if additional lender commitments are obtained.
New revolving facility: up to $1.2 billion, maturing November 12, 2030, for general corporate purposes
Prior revolving facility of up to $1.09 billion, with Citibank, N.A. as administrative agent, was voluntarily terminated with no early termination penalties
Term loan of $360.0 million amended and restated; maturity extended to November 12, 2029
Interest spread ranges from 1.25% to 1.75% for term SOFR and daily SOFR loans, depending on leverage ratio
On October 9, 2025, KB Home's compensation committee approved performance-based restricted stock unit awards to four named executive officers, including Chairman and CEO Jeffrey T. Mezger. The awards pay out between 0% and 200% of target shares based on three-year cumulative EPS, return on invested capital, and relative revenue growth targets for December 1, 2025 through November 30, 2028, so shareholders may see dilution only if performance thresholds are met.
Awards granted October 9, 2025 under the Amended and Restated KB Home 2014 Equity Incentive Plan
Jeffrey T. Mezger received 125,022 target units; Robert V. McGibney 60,774; Albert Z. Praw and Brian J. Woram 16,496 each
Payout weighted 40% EPS, 35% average adjusted return on invested capital, 25% relative revenue growth, over December 1, 2025 to November 30, 2028
Recipients receive no shares if all three measures fall below specified thresholds
KB Home reported third-quarter results for the period ended August 31, 2025, with revenue of $1.62 billion, down from $1.75 billion a year earlier, and diluted earnings per share of $1.61, down 21% from $2.04. Net income fell to $109.8 million from $157.3 million, mainly due to a lower housing gross profit margin, and the company repurchased $188.5 million of its stock in the quarter. The company also provided full-year 2025 housing revenue guidance of $6.10 billion to $6.20 billion.
Quarterly revenue was $1.62 billion versus $1.75 billion, and homes delivered fell 7% to 3,393.
Diluted earnings per share were $1.61 versus $2.04, and net income was $109.8 million versus $157.3 million.
Housing gross profit margin was 18.2% versus 20.6%, reflecting price reductions and higher relative land costs.
Full-year 2025 housing revenue guidance is $6.10 billion to $6.20 billion, and the company repurchased $188.5 million of stock in the quarter.
KB Home's compensation committee approved base salary increases for three named executive officers, effective July 1, 2025. The filing lists new salaries of $930,000 for Robert V. McGibney and $740,000 each for Albert Z. Praw and Brian J. Woram, but does not state prior salaries or the size of the increases.
Committee approved the increases on July 10, 2025, effective July 1, 2025
Robert V. McGibney's base salary set at $930,000
Albert Z. Praw and Brian J. Woram each set at $740,000
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every KB Home filing is on SEC EDGAR ↗. 8-K briefs of other companies →