KB Home is a leading homebuilding company that specializes in the construction and sale of residential properties in various communities across the United States
The company focuses on creating energy-efficient homes that cater to the diverse needs of homebuyers, offering a range of customizable floor plans and designs. With an emphasis on sustainability and innovation, KB Home strives to enhance the homebuying experience by providing personalized options that allow customers to create spaces that reflect their lifestyle and preferences. Additionally, the company is committed to responsible land development practices and prioritizes building homes in desirable locations that provide easy access to amenities and services.
Shares of homebuilder KB Home (NYSE:KBH)
fell 9.6% in the after-market session after the company reported weak first-quarter 2025 results, which missed Wall Street's expectations for the key metrics we track, including sales, operating profits, and earnings. The company further dampened investor sentiment by lowering its full-year revenue guidance, as its backlog fell short of consensus estimates, an indication of a weaker-than-expected volume of unfulfilled orders.
The market narrative for the first trading day of a new week was set very early on today: Trump suggested his formerly draconian tariff policy on virtually all U.S. trading partners would not be as harsh on April 2nd as previously advertised.
Homebuilder KB Home (NYSE:KBH) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 5.2% year on year to $1.39 billion. The company’s full-year revenue guidance of $6.8 billion at the midpoint came in 3.4% below analysts’ estimates. Its GAAP profit of $1.49 per share was 6.4% below analysts’ consensus estimates.
KB Home (NYSE: KBH) today announced that it has appointed Robert R. Dillard as the Company’s Executive Vice President and Chief Financial Officer, effective March 31, 2025. Most recently, Mr. Dillard was the Chief Financial Officer at Sonoco Products Company (NYSE: SON), a packaging and industrial products company, with 2024 net sales of $5.3 billion. Previously, he was the President of Domtar Personal Care Europe, a division of Domtar Corporation, and the President of Stanley Hydraulics, a division of Stanley Black & Decker (NYSE: SWK).
