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KB Home Stock Sinks After Q1 Revenues Fall 23% - KB Home (NYSE:KBH)
KB Home's revenues fell 23% to $1.08 billion as the company increased built-to-order net orders to over 70%, aiming to boost margins amid market challenges.
- KB Home stock fell 4.80% to $50.40 on Tuesday after Executive Chairman Jeffrey Mezger reported a 23% year-over-year revenue decline to $1.08 billion for the first quarter of fiscal 2026.
- Management reduced full-year delivery and revenue guidance, citing "a lot of noise" and consumer uncertainty from the Middle East conflict that began in late February.
- Built-to-Order homes comprised over 70% of net orders in early March, while companywide build times fell to 108 days, supporting the company's operational shift.
- President and Chief Executive Officer Rob McGibney implemented a 10% workforce cut to align overhead with delivery volume; the company reported an adjusted housing gross profit margin of 15.5%.
- KB Home projects second-quarter revenues between $1.05 billion and $1.15 billion, with full-year housing revenues expected between $4.8 billion and $5.5 billion based on 10,000 to 11,500 deliveries.
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12 Articles
12 Articles
The Billings Gazette+8 Reposted by 8 other sources
KB HOME REPORTS 2026 FIRST QUARTER RESULTS
Revenues of $1.08 Billion; Diluted Earnings Per Share of $.52
·Billings, United States
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Total News Sources12
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
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