KB Home(US:KBH)2025-06-24 22:34Q2 2025 Performance - Housing revenues decreased by 10% year-over-year, totaling $1.53 billion in Q2 2025 compared to $1.70 billion in Q2 2024[21] - Deliveries decreased by 11% year-over-year, with 3,120 homes delivered in Q2 2025 versus 3,523 in Q2 2024[21] - Net orders decreased by 13% year-over-year, from 3,997 in Q2 2024 to 3,460 in Q2 2025[21] - Net order value decreased by 21% year-over-year, amounting to $1.61 billion in Q2 2025 compared to $2.03 billion in Q2 2024[21] - Backlog homes decreased by 24% year-over-year, from 6,270 in Q2 2024 to 4,776 in Q2 2025[21] - Backlog value decreased by 27% year-over-year, totaling $2.29 billion in Q2 2025 compared to $3.12 billion in Q2 2024[21] Financial Highlights - Total liquidity was $1.19 billion, including $308.9 million in cash and $881.7 million of available capacity under the unsecured revolving credit facility[22] - The company repurchased approximately 3.7 million shares of its outstanding common stock at a total cost of $200 million during the quarter[22] - Stockholders' equity totaled $3.99 billion, and book value per share increased 10% to $58.64[22] Strategic Positioning - Approximately 60% to 70% of the company's business is Built to Order (BTO), allowing buyers to personalize their homes[3] - The company's ENERGY STAR homes are up to 20% more efficient than standard new homes built to code[91]