NYSE$KBH

KB Home · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

KB Home's Q2 2020 results were impacted by COVID-19, but the company still achieved growth in pretax income and housing gross profit margin.

KB Home reported solid financial results for Q2 2020 despite significant disruptions from the COVID-19 pandemic. The company saw year-over-year growth in key metrics such as housing gross profit margin and pretax income. Revenues totaled $914.0 million and diluted earnings per share increased to $0.55.

  • Revenues totaled $914.0 million, compared to $1.02 billion.
  • Housing gross profit margin increased 100 basis points to 18.2%.
  • Total pretax income grew 19% to $67.8 million.
  • Net income and diluted earnings per share increased to $52.0 million and $0.55, respectively.

Headline financials

Total Revenue

$914M

Previous: $1.02B-10.6%
EPS (adj)

$0.55

Previous: $0.51+7.8%
Total ASP

$364K

Previous: $368K-1.0%
West Coast ASP

$567K

Previous: $575K-1.3%
Southwest ASP

$317K

Previous: $327K-2.9%
Central ASP

$298K

Previous: $287K+3.5%
Southeast ASP

$292K

Previous: $298K-1.8%
Capital Expenditures

-$15.2M

Previous: $22.3M-168.4%
Free Cash Flow

$36.8M

Previous: $47.5M-22.5%
Net Income

$52M

Previous: $47.5M+9.5%
Operating Income

-$21.2M

Previous: -$16.2M-31.1%
Gross Profit

$170M

Previous: $178M-4.8%
Cash & Equivalents

$575M

Previous: $180M+219.9%
Total Assets

$5.04B

Previous: $4.92B+2.5%
Stock-Based Comp

$3.18M

Previous: $5.81M-45.3%

Revenue & EPS history

KB Home · Revenue · Quarterly

$914M

Q2 2020-10.6%vs Q2 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

KB Home · $1.39B total across 1 segment · Q1 2022

  • Housing
    $1.39B+22.6%

Forward guidance

Company management is reinstating guidance and will provide its outlook for the 2020 third quarter and full year on the Company’s earnings conference call.

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 Q2 2020

Historical avgQ2 2020

+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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