KB HOME

For the period ended May 31, 2024. Filed Jul 5, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

May 31, 2024 · Filed Jul 5, 2024

KBH$52.01+2.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

KB HOME

CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, Except Per Share Amounts – Unaudited)

	Three Months Ended May 31,		Six Months Ended May 31,
	2024	2023	2024	2023
Total revenues	$1,709,813	$1,765,316	$3,177,579	$3,149,630
Homebuilding:
Revenues	$1,701,512	$1,757,846	$3,163,210	$3,136,383
Construction and land costs	(1,342,102)	(1,386,558)	(2,488,630)	(2,469,379)
Selling, general and administrative expenses	(171,227)	(169,186)	(328,721)	(308,413)
Operating income	188,183	202,102	345,859	358,591
Interest income and other	19,449	1,729	25,306	2,196
Equity in income (loss) of unconsolidated joint ventures	224	(313)	(221)	(1,070)
Homebuilding pretax income	207,856	203,518	370,944	359,717
Financial services:
Revenues	8,301	7,470	14,369	13,247
Expenses	(1,473)	(1,472)	(3,019)	(2,830)
Equity in income of unconsolidated joint venture	6,435	5,426	13,490	7,008
Financial services pretax income	13,263	11,424	24,840	17,425
Total pretax income	221,119	214,942	395,784	377,142
Income tax expense	(52,700)	(50,500)	(88,700)	(87,200)
Net income	$168,419	$164,442	$307,084	$289,942
Earnings per share:
Basic	$2.21	$2.00	$4.02	$3.49
Diluted	$2.15	$1.94	$3.91	$3.38
Weighted average shares outstanding:
Basic	75,653	81,764	75,773	82,607
Diluted	77,806	84,306	78,034	85,141

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.