NYSE$KBH
KB Home · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Achieved record third quarter financial results with substantial year-over-year growth in revenues, margins, and diluted earnings per share.
KB Home reported record third quarter financial results, with revenues increasing by 26% to $1.84 billion and diluted earnings per share growing by 79% to $2.86. The company's operating income margin improved significantly, and the ending backlog value rose by 9% to $5.26 billion.
- Revenues grew 26% to $1.84 billion.
- Diluted earnings per share increased 79% to $2.86.
- Homebuilding operating income grew 91% to $325.1 million, with the operating income margin increasing 610 basis points to 17.7%.
- Ending backlog value increased 9% to $5.26 billion.
Headline financials
Revenue & EPS history
KB Home · Revenue · Quarterly
$1.84B
Revenue by segment
KB Home · $1.39B total across 1 segment · Q1 2022
- Housing$1.39B+22.6%100.0%
Forward guidance
The Company is providing the following current guidance for its 2022 fourth quarter:
Tailwinds
- Housing revenues in the range of $1.95 billion to $2.05 billion.
- Average selling price expected to be approximately $503,000.
- Homebuilding operating income as a percentage of revenues of approximately 16.7%, assuming no inventory-related charges.
- Housing gross profit margin in the range of 25.0% to 26.0%, assuming no inventory-related charges.
- Selling, general and administrative expenses as a percentage of housing revenues anticipated to be approximately 8.8%.
Headwinds
- Effective tax rate of approximately 24%.
- Ending community count in the range of 235 to 250.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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