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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 24, 2025.
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.