Financial Performance - Revenues for Q1 2025 were $1.39 billion, down 5% from $1.47 billion in Q1 2024[4] - Total revenues for the three months ended February 28, 2025, were $1,391,777, a decrease of 5.2% compared to $1,467,766 for the same period in 2024[15] - Homebuilding revenues decreased to $1,387,041 from $1,461,698, reflecting a decline of 5.1% year-over-year[20] - Net income for the period was $109,557, down 21.0% from $138,665 in the prior year[15] - The company reported a total pretax income of $139,357, down 20.2% from $174,665 in the same quarter last year[15] Home Delivery and Orders - Homes delivered decreased by 9% to 2,770 units compared to the previous year[4] - Homes delivered decreased to 2,770 from 3,037, representing a decline of 8.8% year-over-year[22] - Net orders fell by 17% to 2,772, contributing to a backlog of 4,436 homes, which is a 21% decrease in value to $2.20 billion[7] - Total net orders fell to 2,772, down 16.5% from 3,323 in the same quarter last year[22] Pricing and Margins - Average selling price increased by 4% to $500,700[4] - The average selling price of homes increased to $500,700, up 4.3% from $480,100 in the previous year[20] - Homebuilding operating income was $127.3 million, with a margin of 9.2%, down from 10.8%[4] - Adjusted housing gross profit margin was 20.3%, slightly down from 21.6% in the prior year[24] Assets and Equity - Total assets increased to $6,979,260 from $6,936,169, reflecting a growth of 0.6%[18] - Stockholders' equity rose to $4,092,678, compared to $4,060,616, indicating an increase of 0.8%[18] Liquidity and Investments - Total liquidity stood at $1.25 billion, including $267.8 million in cash and cash equivalents[7] - Inventory increased by 7% to $5.94 billion, with land investments rising by 57% to $920.3 million[7] - The company repurchased $50 million worth of common stock, totaling 753,939 shares at an average price of $66.32 per share[7] Guidance and Tax - Guidance for full-year 2025 includes housing revenues between $6.60 billion and $7.00 billion[7] - The effective tax rate for the quarter was 21.4%, compared to 20.6% in the previous year[7]

KB Home KBH will release its first-quarter financial results after the closing bell on Monday, March 24.Analysts expect the company to report quarterly earnings at $1.58 per share, down from $1.76 per share in the year-ago period. KB Home projects quarterly revenue of $1.50 billion, compared to $1.47 billion a year earlier, according to data from Benzinga Pro.On March 10, Wells Fargo analyst Sam Reid maintained KB Home with an Underweight rating and lowered the price target from $65 to $63.With the recent b ...

Company Performance - KB Home's stock closed at $60.74, reflecting a +1.49% change, outperforming the S&P 500's loss of 1.22% on the same day [1] - Over the last month, KB Home's shares decreased by 8.51%, underperforming the Construction sector's loss of 6.27% and the S&P 500's loss of 2.31% [1] Earnings Projections - The upcoming earnings report for KB Home is projected to show earnings per share (EPS) of $1.58, which is a 10.23% decrease from the same quarter last year [2] - Revenue is estimated to be $1.5 billion, indicating a 2.37% increase compared to the same quarter of the previous year [2] Annual Estimates - For the annual period, earnings are anticipated to be $8.42 per share, reflecting a -0.36% change from last year, while revenue is expected to be $7.21 billion, signifying a +3.98% increase [3] - Changes in analyst estimates for KB Home are crucial as they indicate the evolving nature of near-term business trends [3] Valuation Metrics - KB Home is currently trading with a Forward P/E ratio of 7.11, which is lower than the industry average of 7.84, suggesting it is trading at a discount [6] - The company has a PEG ratio of 0.86, compared to the industry average PEG ratio of 0.89 [6] Industry Context - The Building Products - Home Builders industry ranks in the bottom 10% of all industries, with a current Zacks Industry Rank of 227 [7] - The Zacks Industry Rank measures the strength of individual industry groups, indicating that top-rated industries outperform the bottom half by a factor of 2 to 1 [7]

Backlog and Revenue Distribution - Ending backlog as of November 30, 2024, includes homes under sales contract but not yet delivered, representing potential future housing revenues[46] - Net orders distribution in 2024: Q1 25%, Q2 30%, Q3 24%, Q4 21%[50] - Homes delivered distribution in 2024: Q1 21%, Q2 25%, Q3 26%, Q4 28%[50] - Housing revenues distribution in 2024: Q1 21%, Q2 25%, Q3 25%, Q4 29%[50] Employee Statistics - Company had 2,384 full-time employees as of November 30, 2024, up from 2,205 in 2023[51] - Turnover rate in 2024 was 18%, with 15% voluntary and 3% involuntary turnover[52] Sustainability and Energy Efficiency - Company achieved over 200,000 ENERGY STAR certified new homes built by 2024, more than any other builder in the nation[63] - ENERGY STAR certified homes save homeowners an estimated average of $1,400 annually on utility bills compared to typical resale homes[64] - Most model homes and sales offices in California were powered by solar energy as of November 30, 2024[65] - All-electric homes produce approximately 3,800 pounds less CO2 per year compared to dual-fuel homes[65] - The company achieved a HERS Index score of 45 in 2024, a year earlier than the 2025 target, reducing GHG emissions by 0.5 metric tons per year or 8% compared to the 2020 baseline of 6 metric tons per year[66] - Over 26,000 WaterSense labeled and Water Smart homes have been built, with 1.2 million WaterSense labeled fixtures installed, saving an estimated 2.1 billion gallons of water annually[70] - The company committed to building WaterSense labeled homes in all future Arizona, California, and Nevada communities starting July 2022[69] - WaterSense labeled products used in homes are at least 20% more water-efficient compared to non-labeled products[68] Awards and Recognitions - The company received the 2024 ENERGY STAR Market Leader Awards, setting a new industry record with 30 awards, more than any other homebuilder[71] - The company was the only national homebuilder to receive the 2024 WaterSense Sustained Excellence Award, marking the 14th consecutive year of recognition[71] - The company was named to Newsweek's 2025 list of America's Most Responsible Companies, the only homebuilder to make the list five years in a row[71] - The company was ranked in the top five percent of USA Today's 2024 List of America's Climate Leaders, the highest-ranked homebuilder[71] Corporate Governance - The company's board of directors is 90% independent, with 50% being women or racial/ethnic minorities, and an average tenure of approximately seven years[78] Debt and Interest Rate Management - The company does not use interest rate derivative instruments to manage exposure to changes in interest rates[300] - Fixed rate debt obligations for 2027 and 2029 are $300,000 each, with a total fixed rate debt of $1,340,000 as of November 30, 2024[301] - Variable rate debt is $360,000 with a weighted average effective interest rate of 6.0% as of November 30, 2024[301] - Each 100 basis-point increase in the interest rate would increase the interest incurred by approximately $3.6 million per year for variable rate debt[301] - Fixed rate debt obligations for 2027 and thereafter are $300,000 and $1,040,000 respectively, with a total fixed rate debt of $1,340,000 as of November 30, 2023[304] - Variable rate debt is $360,000 with a weighted average effective interest rate of 6.8% as of November 30, 2023[304] - KBHS manages interest rate risk through best efforts forward sale commitments with secondary market investors[306] - KBHS does not engage in speculative or trading derivative activities, and its entire loan portfolio is held for sale[306] Market and Operational Risks - The company's operational and investment concentration is in California markets, with a focus on first-time homebuyers and higher-income consumers[302] - The company faces risks related to income tax expense volatility associated with stock-based compensation[303] - The company is exposed to risks from information technology failures and data security breaches[303]

Financial Data and Key Metrics - The company reported its Q4 2024 earnings and full-year fiscal 2024 results during the conference call [3] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were mentioned in the provided content [1][2][3][4] Market Data and Key Metrics - No specific data or metrics related to individual markets were mentioned in the provided content [1][2][3][4] Company Strategy and Industry Competition - No specific details on company strategy, development direction, or industry competition were mentioned in the provided content [1][2][3][4] Management Commentary on Operating Environment and Future Outlook - No specific commentary from management on the operating environment or future outlook was mentioned in the provided content [1][2][3][4] Other Important Information - The call included forward-looking statements under the Private Securities Litigation Reform Act of 1995, with the company noting that these statements are not guarantees of future results and that the company does not undertake any obligation to update them [4] Q&A Session Summary - No Q&A session details were provided in the content [1][2][3][4]

Exhibit 99.1 FOR RELEASE, Monday, January 13, 2025 For Further Information: 1:10 p.m. Pacific Time Jill Peters, Investor Relations Contact (310) 893-7456 or jpeters@kbhome.com Cara Kane, Media Contact (321) 299-6844 or ckane@kbhome.com LOS ANGELES (January 13, 2025) — KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2024. "We had a strong finish to 2024, with significant year-over-year growth in our fourth-quarter revenues and diluted earnings per share. Our high ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended August 31, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from [ ] to [ ]. Commission File No. 001-09195 KB HOME (Exact name of registrant as specified in its charter) Delaware 95-3666267 (State of incorporation) (IRS employer i ...

Financial Data and Key Metrics Changes - The company achieved double-digit year-over-year growth in revenues and diluted earnings per share in Q3 2024, generating total revenues of over $1.75 billion and diluted earnings per share of $2.04 [6][24] - Gross margin was slightly lower at 20.6%, down from 21.5% in the prior year, while operating income margin was 10.8% [7][27] - Book value per share increased by 13% year-over-year, with net income for the quarter reported at $157.3 million [7][29] Business Line Data and Key Metrics Changes - The company generated 3,085 net orders in Q3 2024, flat compared to the previous year, with a monthly absorption pace of 4.1 homes per community [8][10] - The average selling price of homes delivered was approximately $481,000, up from $466,000 in the prior year [26] - The company started nearly 3,000 homes in the quarter, ending with over 7,700 homes in production [13] Market Data and Key Metrics Changes - Long-term housing market conditions remain positive, supported by an under supply of homes, solid employment, and favorable demographics [7] - Resale inventory is rising in certain markets but remains below historically normalized levels, particularly at the company's price points [7][8] - The company noted an increase in traffic and leads from digital marketing efforts, indicating strong demand for homeownership [8] Company Strategy and Development Direction - The company is focused on growing community count, maintaining customer satisfaction, and executing a personalized Build-to-Order model [6][22] - A significant increase in land acquisition and development investment was noted, with $845 million invested in Q3 2024, up over 50% year-over-year [18][20] - The company aims to enhance stockholder value through profitable growth, share repurchases, and dividends [20][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the housing market, citing improved consumer confidence due to recent interest rate cuts [9][22] - The company anticipates a strong year-over-year comparison in Q4 2024 net orders, driven by favorable market conditions [9][22] - Initial guidance for 2025 revenue is projected at approximately $7.5 billion, reflecting confidence in community count and backlog [23][24] Other Important Information - The company repurchased $150 million in shares during Q3 2024, marking the highest quarterly amount for the year [20][32] - The average cash down payment from customers remained stable at 16%, with an average household income of nearly $133,000 [16] - The company maintains a balanced approach to capital allocation, focusing on reinvestment in growth while returning capital to stockholders [20][32] Q&A Session Summary Question: Clarification on $7.5 billion revenue outlook for 2025 - Management indicated that the $7.5 billion estimate is supported by community count, backlog, and absorption assumptions, but detailed metrics will be provided in January [36][38] Question: Strategy regarding home prices in a lower rate environment - Management emphasized a focus on home value rather than incentives, with expectations to lower mortgage concessions as rates decrease [39][41] Question: Absorption and community count dynamics - Management acknowledged potential for improved absorption rates and indicated that community count growth may occur by the end of next year [43][44] Question: Long-term operating margin potential - Management suggested that with increased scale and reduced incentives, there is potential for operating margin improvement beyond the current levels [46][48] Question: Gross margin drivers and outlook - Management attributed the current gross margin to a mix shift towards lower-margin West Coast revenues and expects sequential improvement in Q4 [50][52] Question: Impact of existing home inventory on the market - Management noted that while resale inventory is increasing, it remains limited at affordable price points, positioning the company favorably [56] Question: Changes in broker relationships post-NAR settlement - Management is adapting to new broker compensation agreements and is focused on direct outreach to buyers [59][62] Question: Outlook on direct costs and land inflation - Management indicated ongoing efforts to reduce direct costs while acknowledging stabilized land and development costs at higher levels [74][78]

Exhibit 99.1 FOR RELEASE, Tuesday, September 24, 2024 For Further Information: 1:10 p.m. Pacific Time Jill Peters, Investor Relations Contact (310) 893-7456 or jpeters@kbhome.com Cara Kane, Media Contact (321) 299-6844 or ckane@kbhome.com KB HOME REPORTS 2024 THIRD QUARTER RESULTS Revenues Increased 10% to $1.75 Billion; Diluted Earnings Per Share Up 13% to $2.04 Repurchased $150.0 Million of Common Stock LOS ANGELES (September 24, 2024) — KB Home (NYSE: KBH) today reported results for its third quarter end ...

For the transition period from [ ] to [ ]. Commission File No. 001-09195 KB HOME (Exact name of registrant as specified in its charter) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended May 31, 2024. or UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Delaware 95-3666267 (State of incorporation) (IRS employer iden ...