Welcome to our dedicated page for KB Home news (Ticker: KBH), a resource for investors and traders seeking the latest updates and insights on KB Home stock.
KB Home (NYSE: KBH) is a leading homebuilding company in the United States, renowned for its commitment to sustainability and customer-centric approach. Founded in 1957, KB Home was the first homebuilder to be listed on the New York Stock Exchange. Over the decades, the company has constructed nearly 600,000 homes, catering to families across the nation.
KB Home’s core business involves building single-family homes and developing communities in diverse geographical segments, including the West Coast, Southwest, Central, and Southeast regions of the U.S. The company primarily serves first-time and move-up homebuyers, offering a personalized homebuilding experience. Buyers can choose their lot location, floor plan, décor choices, design features, and other special touches, making each home unique and tailored to individual preferences.
As an industry leader in sustainability, KB Home constructs innovative and highly energy- and water-efficient homes. This commitment not only helps in reducing environmental impact but also provides cost savings to homeowners. The company’s dedication to green building practices has positioned it at the forefront of sustainable construction in the residential sector.
In addition to its homebuilding operations, KB Home engages in financial services through a joint venture providing mortgage banking services. The company's comprehensive approach ensures that homebuyers have a seamless and supportive experience from the start of their home search to obtaining financing and finally moving into their new home.
Recently, KB Home has focused on expanding its land acquisition and development activities to support future building projects. This strategic investment aims to secure a robust pipeline of new homes, meeting the ongoing demand in the housing market.
Stay updated with the latest developments and achievements from KB Home by visiting their official website or connecting on social media platforms like Facebook and Twitter.
KB Home reported strong Q2 2021 results, with revenues up 58% year-over-year to $1.44 billion, driven by a 40% increase in homes delivered. Gross margins rose to 21.4%, while operating margins exceeded 11%. The backlog value reached $4 billion, positioning the company for significant revenue growth. Net income soared 176% to $143.4 million. Despite supply chain challenges, net orders increased 145%, the highest second-quarter level in 14 years, along with a substantial decline in cancellation rates, reflecting a robust demand for housing.
KB Home (NYSE: KBH) will release its second-quarter earnings for the period ended May 31, 2021, after market close on June 23, 2021. A live earnings conference call is scheduled for the same day at 2:00 p.m. Pacific Time. Investors can access the call through the Investor Relations section of the KB Home website, where a replay will be available for 30 days. Founded over 60 years ago, KB Home is a leading homebuilder in the U.S., offering personalized homes with a focus on ENERGY STAR certification to ensure lower ownership costs and healthier living environments.
KB Home announced the results of its cash tender offer for its 7.000% Senior Notes due 2021, totaling $450 million. The offer expired on June 8, 2021, with $269.83 million of the notes validly tendered. The company accepted all validly tendered notes and settled the offer on June 9, 2021. Holders received $1,017.25 per $1,000 principal along with accrued interest. The payment is funded through proceeds from a $390 million issuance of new 4.00% Senior Notes due 2031. This release serves an informational purpose and does not constitute a purchase offer.
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