KB Home Q1 Revenue and Net Income Decline
Ticker: KBH · Form: 10-Q · Filed: Apr 9, 2025 · CIK: 795266
Sentiment: bearish
Topics: earnings, revenue-decline, housing-market
TL;DR
KB Home's Q1 revenue down to $1.06B, net income $101.1M. Backlog $2.29B.
AI Summary
KB Home reported its first quarter results for the period ending February 28, 2025. The company's total revenue for the quarter was $1.06 billion, a decrease from $1.13 billion in the same period last year. Net income also saw a decline to $101.1 million, down from $119.1 million year-over-year. The company's backlog value at the end of the quarter was $2.29 billion.
Why It Matters
This filing indicates a slowdown in KB Home's business, which could signal broader trends in the housing market and impact investor confidence.
Risk Assessment
Risk Level: medium — The decline in revenue and net income suggests potential headwinds in the housing market, which could impact future performance.
Key Numbers
- $1.06B — Q1 2025 Revenue (Down from $1.13B in Q1 2024)
- $101.1M — Q1 2025 Net Income (Down from $119.1M in Q1 2024)
- $2.29B — Backlog Value (As of February 28, 2025)
Key Players & Entities
- KB Home (company) — Filer of the 10-Q
- 20250228 (date) — End of reporting period
- $1.06 billion (dollar_amount) — Q1 2025 revenue
- $1.13 billion (dollar_amount) — Q1 2024 revenue
- $101.1 million (dollar_amount) — Q1 2025 net income
- $119.1 million (dollar_amount) — Q1 2024 net income
- $2.29 billion (dollar_amount) — End of quarter backlog value
FAQ
What was KB Home's total revenue for the first quarter of fiscal year 2025?
KB Home's total revenue for the first quarter ending February 28, 2025, was $1.06 billion.
How did KB Home's net income change compared to the previous year's first quarter?
KB Home's net income decreased to $101.1 million for the first quarter of fiscal year 2025, down from $119.1 million in the same period of fiscal year 2024.
What was the value of KB Home's backlog at the end of the first quarter of fiscal year 2025?
The value of KB Home's backlog at the end of the first quarter of fiscal year 2025 was $2.29 billion.
What is KB Home's fiscal year end?
KB Home's fiscal year ends on November 30.
What was KB Home's revenue for the first quarter of fiscal year 2024?
KB Home's revenue for the first quarter of fiscal year 2024 was $1.13 billion.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 9, 2025 regarding KB HOME (KBH).