KB Home Full Year 2024 Earnings: In Line With Expectations

KB Home (NYSE:KBH) Full Year 2024 Results

Key Financial Results

• Revenue: US$6.93b (up 8.1% from FY 2023).
• Net income: US$650.2m (up 11% from FY 2023).
• Profit margin: 9.4% (up from 9.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$8.70 (up from US$7.25 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

KB Home Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Homebuilding - West Coast segment contributing a total revenue of US$2.93b (42% of total revenue). Notably, cost of sales worth US$5.45b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$528.7m (62% of total expenses). Explore how KBH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

Be aware that KB Home is showing 1 warning sign in our investment analysis that you should know about...

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