NYSE$KBH

KB Home · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Achieved record-breaking results, driven by strategic asset optimization and strong market demand.

KB Home reported a significant increase in revenue and earnings per share for Q2 2021. Revenue increased by 58% to $1.44 billion, and diluted earnings per share grew by 173% to $1.50. The company's gross margin expanded to 21.4%, and the operating income margin improved to 11.3%. The backlog value also increased substantially, rising by 126% to $4.29 billion.

  • Revenue increased 58% to $1.44 billion.
  • Diluted earnings per share grew 173% to $1.50.
  • Gross margin expanded to 21.4%, driving operating margin above 11%.
  • Backlog value increased 126% to $4.29 billion.

Headline financials

Total Revenue

$1.44B

Previous: $914M+57.7%
EPS (adj)

$1.50

Previous: $0.55+172.7%
Total ASP

$410K

Previous: $364K+12.6%
West Coast ASP

$622K

Previous: $567K+9.7%
Southwest ASP

$361K

Previous: $317K+13.8%
Central ASP

$317K

Previous: $298K+6.5%
Southeast ASP

$294K

Previous: $292K+0.4%
Capital Expenditures

-$18.3M

Previous: -$15.2M-20.1%
Free Cash Flow

$125M

Previous: $36.8M+240.2%
Net Income

$143M

Previous: $52M+175.8%
Operating Income

-$14.5M

Previous: -$21.2M+31.7%
Gross Profit

$308M

Previous: $170M+81.7%
Cash & Equivalents

$608M

Previous: $575M+5.8%
Total Assets

$5.62B

Previous: $5.04B+11.4%
Stock-Based Comp

$8.08M

Previous: $3.18M+154.1%

Revenue & EPS history

KB Home · Revenue · Quarterly

$1.44B

Q2 2021+57.7%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

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

  • Housing
    $1.39B+22.6%

Forward guidance

With a backlog value above $4 billion, the company is poised to deliver a substantial increase in revenue this year, at solid margins that it anticipates will contribute to a return on equity of roughly 20%. As we look to 2022, our backlog, together with our expected community count growth, positions our company for another year of healthy expansion.

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 2021

Historical avgQ2 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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