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KB Home (KBH) Q1 2026 Earnings Call Transcript

Seeking Alpha
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⚡ Quantum Brief
KB Home reported Q1 2026 earnings of $0.52 per share, missing estimates by $0.02, while revenue fell 22.6% year-over-year to $1.08 billion, below expectations by $15.25 million. Executive Chairman Jeffrey Mezger and CEO Rob McGibney led the March 24 earnings call, addressing analysts from firms like Barclays, JPMorgan, and Goldman Sachs about the company’s financial challenges. Management cited macroeconomic pressures, including higher interest rates and housing market slowdowns, as key drivers behind the revenue decline and earnings shortfall. The company emphasized cost-cutting measures and operational efficiencies to mitigate losses, though no specific turnaround timeline was provided during the call. A replay of the earnings call remains available on KB Home’s website until April 24, 2026, per the operator’s instructions.
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SA Transcripts159.1K FollowersFollow5ShareSaveCommentsQ1: 2026-03-24 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.52 misses by $0.02 | Revenue of $1.08B (-22.62% Y/Y) misses by $15.25M KB Home (KBH) Q1 2026 Earnings Call March 24, 2026 5:00 PM EDT Company Participants Jill Peters - Senior Vice President of Investor RelationsJeffrey Mezger - Executive ChairmanRob McGibney - CEO, President & DirectorRobert Dillard - CFO & Executive VP Conference Call Participants Matthew Bouley - Barclays Bank PLC, Research DivisionMatthew JohnsonStephen Kim - Evercore ISI Institutional Equities, Research DivisionMichael Rehaut - JPMorgan Chase & Co, Research DivisionAlan Ratner - Zelman & Associates LLCSusan Maklari - Goldman Sachs Group, Inc., Research DivisionStephen Mea - RBC Capital Markets, Research DivisionRichard Reid - Wells Fargo Securities, LLC, Research Division Presentation Operator Good afternoon. My name is John, and I will be your conference operator today. I would like to welcome everyone to the KB Home 2026 First Quarter Earnings Conference Call. [Operator Instructions] The conference call is being recorded, and a replay will be accessible on the KB Home website until April 24, 2026. And I will now turn the call over to Jill Peters, Senior Vice President, Investor Relations. Thank you, Jill. You may now begin. Jill PetersSenior Vice President of Investor Relations Thank you, John. Good afternoon, everyone, and thank you for joining us today to review our results for the first quarter of fiscal 2026. On the call are Jeff Mezger, Executive Chairman; Rob McGibney, President and Chief Executive Officer; Rob Dillard, Executive Vice President and Chief Financial Officer; Bill Hollinger, Senior Vice President and Chief Accounting Officer; and Thad Johnson, Senior Vice President and Treasurer. During this call, items will be discussed that are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results, and the company does not undertake any obligation to update them. Due to various factors, including those detailed in today's press release and

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