KB Home Reports Earnings Beat Despite Lower Deliveries And Margin Pressure

Core Insights - KB Home reported third-quarter earnings of $1.61 per share, surpassing analyst expectations of $1.50, but net income decreased to $109.8 million from $157.3 million year-over-year [1][2] Financial Performance - Revenue for the quarter was $1.62 billion, exceeding expectations of $1.59 billion but down from $1.75 billion a year earlier [2] - Home deliveries fell by 7% to 3,393 units, while the average selling price decreased to $475,700 [2] - The housing gross profit margin declined to 18.2% from 20.6% a year ago, impacted by price reductions and increased land costs [2] Future Outlook - For the full year 2025, KB Home forecasts revenue between $6.1 billion and $6.2 billion, slightly below analysts' estimate of $6.26 billion [2]