KB Home Boosts Buybacks Cuts Land Spend
KB Home (NYSE:KBH) reported Q2 2025 results on June 23, 2025, delivering revenues of $1.5 billion and diluted EPS of $1.50, with adjusted gross margins of 19.7%, exceeding guidance. The company revised full-year guidance downward to $6.3-$6.5 billion in revenues and a 19%-19.4% adjusted (non-GAAP, excluding inventory-related charges) housing gross profit margin, reflecting challenging demand trends and a strategic shift toward cost control and capital returns.Management returned nearly $290 million in cash to shareholders in the first half of FY2025, including $250 million in share repurchases at an average price of $55.70 per share—below book value—further enhancing EPS and return on equity. Shareholder returns are a higher priority in the near term amid tightening land investment.Continue reading
KB Home (NYSE:KBH) reported Q2 2025 results on June 23, 2025, delivering revenues of $1.5 billion and diluted EPS of $1.50, with adjusted gross margins of 19.7%, exceeding guidance.
The company revised full-year guidance downward to $6.3-$6.5 billion in revenues and a 19%-19.4% adjusted (non-GAAP, excluding inventory-related charges) housing gross profit margin, reflecting challenging demand trends and a strategic shift toward cost control and capital returns.
Management returned nearly $290 million in cash to shareholders in the first half of FY2025, including $250 million in share repurchases at an average price of $55.70 per share—below book value—further enhancing EPS and return on equity. Shareholder returns are a higher priority in the near term amid tightening land investment.
