NYSE$KBH

KB Home · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Diluted earnings per share grew, gross margin expanded, net order value rose, and backlog value increased.

KB Home reported a strong first quarter in 2021, with a 62% increase in diluted earnings per share, driven by substantial growth in gross margin. Net orders increased by 23%, and backlog value rose by 74% to $3.7 billion, positioning the company for meaningful growth in 2021.

  • Diluted Earnings Per Share grew 62% to $1.02.
  • Gross Margin expanded to 20.8%, up 340 basis points.
  • Net Order Value rose 35%.
  • Backlog Value Increased 74% to $3.7 Billion.

Headline financials

Total Revenue

$1.14B

Previous: $1.08B+6.1%
EPS (adj)

$1.02

Previous: $0.63+61.9%
Total ASP

$397K

Previous: $390K+2.0%
West Coast ASP

$582K

Previous: $610K-4.6%
Southwest ASP

$352K

Previous: $316K+11.1%
Central ASP

$306K

Previous: $293K+4.6%
Southeast ASP

$288K

Previous: $292K-1.2%
Capital Expenditures

-$9.1M

Previous: $6.67M-236.4%
Free Cash Flow

$88M

Previous: $59.7M+47.2%
Net Income

$97.1M

Previous: $59.7M+62.4%
Operating Income

-$10.7M

Previous: -$12.4M+14.0%
Gross Profit

$240M

Previous: $190M+26.3%
Cash & Equivalents

$570M

Previous: $430M+32.6%
Total Assets

$5.43B

Previous: $5.05B+7.4%
Stock-Based Comp

$5.57M

Previous: $4.95M+12.6%

Revenue & EPS history

KB Home · Revenue · Quarterly

$1.14B

Q1 2021+6.1%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

KB Home · $1.14B total across 2 segments · Q1 2021

  • Housing
    $1.14B
  • Land
    $655K

Forward guidance

Company believes they are now even better positioned for meaningful growth in 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.3%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.2%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+17.2%

Q4 2021

Best reaction

-18.3%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-0.8%+6.5%
Q4 2025-8.7%-8.5%-2.3%
Q3 2025-0.1%+2.0%+1.0%
Q2 2025+2.3%+1.1%+17.2%
Q1 2025-5.2%-6.6%-12.2%
Q4 2024+6.3%+7.4%+1.2%
Q3 2024-6.2%-2.6%-10.8%
Q2 2024+0.7%+1.5%+14.9%
Q1 2024+0.6%+0.2%-10.6%
Q4 2023-0.2%-3.1%-2.6%
Q3 2023-5.0%-4.3%-12.6%
Q2 2023+1.0%+0.2%+3.1%
Q1 2023+8.0%+9.4%+13.8%
Q4 2022+0.2%+0.7%+7.2%
Q3 2022-7.2%-9.2%-4.6%
Q2 2022+11.2%+14.4%+26.6%
Q1 2022-9.0%-10.5%-14.4%
Q4 2021+17.2%+16.3%-8.5%
Q3 2021+1.3%+2.1%+1.2%
Q2 2021-6.4%-6.1%-4.0%
Q1 2021+2.4%+3.6%+10.3%
Q4 2020+3.9%+6.1%+32.6%
Q3 2020-3.8%-6.5%-6.1%
Q2 2020-13.8%-12.1%-2.5%
Q1 2020-7.8%-7.0%+13.9%
Q4 2019-3.1%-2.4%+3.0%
Q3 2019+4.1%+8.1%+16.3%
Q2 2019+6.6%+8.9%+12.6%
Q1 2019+3.6%+1.3%+7.1%
Q4 2018-0.6%-2.7%+1.7%
Q3 2018-4.0%-6.3%-22.5%
Q2 2018+9.1%+6.0%-5.5%
Q1 2018-0.7%-5.4%-11.5%
Q4 2017+12.8%+8.1%-14.0%
Q3 2017+11.6%+14.1%+25.2%
Q2 2017+5.6%+5.2%+1.6%
Q1 2017+2.6%+3.7%+6.9%
Q4 2016+2.5%+0.0%+1.8%
Q3 2016-0.5%+2.6%-1.2%
Q2 2016+2.6%+2.3%+13.3%
Q1 2016+2.3%
Q4 2015-14.5%
Q3 2015+0.5%
Q2 2015+11.4%
Q1 2015+6.5%
Q4 2014-18.3%
Q3 2014-8.2%
Q2 2014+4.5%
Q1 2014+3.0%
Q4 2013-3.6%
Q3 2013+6.3%
Q2 2013-1.3%
Q1 2013+0.9%
Q4 2012-9.0%
Q3 2012+11.6%
Q2 2012+11.1%
Q1 2012-14.4%
Q4 2011-8.4%
Q3 2011+4.9%
Q2 2011+0.6%
Q1 2011-2.3%
Q4 2010+1.5%
Q3 2010-0.2%
Q2 2010-1.1%
Q1 2009+1.3%

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