Latest news with #JeffreyMezger
Globe and Mail
11-07-2025
- Business
- Globe and Mail
KB Home Once Again Named One of America's Best Midsize Companies by TIME Magazine
KB Home (NYSE: KBH), one of the largest and most recognized homebuilders in the U.S., has been named to TIME's 2025 list of America's Best Midsize Companies— the only national homebuilder to appear on this list every year since its inception. This recognition is presented by TIME and Statista, a leading provider of market and consumer data, and can be viewed on the TIME website. This press release features multimedia. View the full release here: KB Home named one of America's Best Midsize Companies by TIME. 'We're honored to once again be named one of America's Best Midsize Companies by TIME,' said Jeffrey Mezger, KB Home's Chairman and Chief Executive Officer. 'KB Home is the only homebuilder to make the list every year since its inception, and this recognition underscores our enduring commitment to delivering industry-leading customer satisfaction, creating a culture of excellence and driving innovation in sustainability that positively impacts our stakeholders and delivers long-term value.' The recognized companies were identified based on three dimensions and using more than 15 different criteria. TIME considered all companies that operate in the U.S. and generated between $100 million and $10 billion in revenue in 2023 or 2024. The three evaluation criteria were: Employee Satisfaction: Standardized work-related Key Performance Indicator (KPI) data based on survey data of a large sample of employees from U.S. companies Revenue Growth: Revenue growth data of all relevant companies from internal growth and company databases Sustainability Transparency: Environmental, social and governance data among standardized KPIs from internal database and targeted data research For more information on KB Home, call 888-KB-HOMES or visit About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR ® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit
Yahoo
11-07-2025
- Business
- Yahoo
KB Home Once Again Named One of America's Best Midsize Companies by TIME Magazine
LOS ANGELES, July 11, 2025--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most recognized homebuilders in the U.S., has been named to TIME's 2025 list of America's Best Midsize Companies— the only national homebuilder to appear on this list every year since its inception. This recognition is presented by TIME and Statista, a leading provider of market and consumer data, and can be viewed on the TIME website. "We're honored to once again be named one of America's Best Midsize Companies by TIME," said Jeffrey Mezger, KB Home's Chairman and Chief Executive Officer. "KB Home is the only homebuilder to make the list every year since its inception, and this recognition underscores our enduring commitment to delivering industry-leading customer satisfaction, creating a culture of excellence and driving innovation in sustainability that positively impacts our stakeholders and delivers long-term value." The recognized companies were identified based on three dimensions and using more than 15 different criteria. TIME considered all companies that operate in the U.S. and generated between $100 million and $10 billion in revenue in 2023 or 2024. The three evaluation criteria were: Employee Satisfaction: Standardized work-related Key Performance Indicator (KPI) data based on survey data of a large sample of employees from U.S. companies Revenue Growth: Revenue growth data of all relevant companies from internal growth and company databases Sustainability Transparency: Environmental, social and governance data among standardized KPIs from internal database and targeted data research For more information on KB Home, call 888-KB-HOMES or visit About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit View source version on Contacts For Further Information: Craig LeMessurier, KB Home925-580-1583clemessurier@
Business Wire
11-07-2025
- Business
- Business Wire
KB Home Once Again Named One of America's Best Midsize Companies by TIME Magazine
LOS ANGELES--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most recognized homebuilders in the U.S., has been named to TIME's 2025 list of America's Best Midsize Companies— the only national homebuilder to appear on this list every year since its inception. This recognition is presented by TIME and Statista, a leading provider of market and consumer data, and can be viewed on the TIME website. 'We're honored to once again be named one of America's Best Midsize Companies by TIME,' said Jeffrey Mezger, KB Home's Chairman and Chief Executive Officer. 'KB Home is the only homebuilder to make the list every year since its inception, and this recognition underscores our enduring commitment to delivering industry-leading customer satisfaction, creating a culture of excellence and driving innovation in sustainability that positively impacts our stakeholders and delivers long-term value.' The recognized companies were identified based on three dimensions and using more than 15 different criteria. TIME considered all companies that operate in the U.S. and generated between $100 million and $10 billion in revenue in 2023 or 2024. The three evaluation criteria were: Employee Satisfaction: Standardized work-related Key Performance Indicator (KPI) data based on survey data of a large sample of employees from U.S. companies Revenue Growth: Revenue growth data of all relevant companies from internal growth and company databases Sustainability Transparency: Environmental, social and governance data among standardized KPIs from internal database and targeted data research For more information on KB Home, call 888-KB-HOMES or visit About KB Home KB Home is one of the largest and most trusted homebuilders in the United States. We operate in 49 markets, have built nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR ® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit
Yahoo
25-06-2025
- Business
- Yahoo
KBH Q2 Deep Dive: Lower Guidance and Market Headwinds Shape 2025 Outlook
Homebuilder KB Home (NYSE:KBH) reported revenue ahead of Wall Street's expectations in Q2 CY2025, but sales fell by 10.5% year on year to $1.53 billion. On the other hand, the company's full-year revenue guidance of $6.4 billion at the midpoint came in 2.4% below analysts' estimates. Its GAAP profit of $1.51 per share was 2.7% above analysts' consensus estimates. Is now the time to buy KBH? Find out in our full research report (it's free). Revenue: $1.53 billion vs analyst estimates of $1.51 billion (10.5% year-on-year decline, 1.6% beat) EPS (GAAP): $1.51 vs analyst estimates of $1.47 (2.7% beat) Adjusted EBITDA: $144.9 million vs analyst estimates of $164.2 million (9.5% margin, 11.8% miss) The company dropped its revenue guidance for the full year to $6.4 billion at the midpoint from $6.8 billion, a 5.9% decrease Operating Margin: 8.8%, down from 11.4% in the same quarter last year Backlog: $2.29 billion at quarter end, down 26.7% year on year Market Capitalization: $3.82 billion KB Home's second quarter results for 2025 were met with a negative market reaction, as several evolving market headwinds weighed on performance. Management pointed to subdued demand during the spring selling season, with CEO Jeffrey Mezger citing that "affordability challenges have persisted compounded by the variability in mortgage interest rates, which remain elevated as well as macroeconomic and geopolitical uncertainty." Operationally, the company highlighted faster build times and reduced direct costs as partial offsets, but acknowledged that consumer caution and higher resale inventory pressured new order volumes and operating margins. Looking ahead, KB Home's reduced full-year guidance reflects management's expectations for continued softness in homebuyer demand and ongoing margin pressures. The company aims to align its cost structure with lower volumes, while maintaining flexibility to adjust pricing and production pace by community. President Rob McGibney noted that "our strategy focuses on delivering the most compelling value and improving affordability with transparency," but also acknowledged the risk of continued demand weakness if mortgage rates and consumer confidence do not improve. Management signaled an intent to prioritize operational efficiency and shareholder returns as they navigate this uncertain environment. Management attributed second quarter performance to faster build times and cost controls, but noted that consumer confidence and affordability remain key challenges impacting order flow and revenue outlook. Build times improved: The company reduced average build times by 7 days quarter-over-quarter, returning to pre-pandemic levels. Management believes this operational gain allows for quicker inventory turnover and the ability to close more homes within the year, supporting delivery targets even as demand softens. Sales strategy adjustments: KB Home shifted away from offering incentives and instead focused on adjusting base pricing at the community level. While this approach drove strong net orders in March, management reported a decline in April and May as consumers grew more apprehensive about the economy and mortgage rates. Community opening delays: Delays in municipal approvals for new communities pushed back several planned openings, which management estimates cost 'a couple of hundred' net orders in the quarter. They are now emphasizing better coordination with local authorities to mitigate future disruptions. Cost reduction efforts: Direct costs per home started in the quarter were 3.2% lower year-over-year, driven by value engineering, supply chain negotiations, and simplified studio offerings. However, savings were partially offset by higher land costs and reduced pricing power. Land investment moderation: The company scaled back new land spending and canceled contracts for roughly 9,700 lots that no longer met return criteria. Management stated that this measured approach is intended to preserve flexibility and align future community growth with evolving market conditions. Management expects near-term performance to be shaped by cautious consumer sentiment, affordability pressures, and disciplined cost management strategies. Sustained affordability challenges: Elevated mortgage rates and higher resale inventory continue to weigh on buyer confidence, leading management to anticipate subdued order volumes and a slower absorption pace in the coming quarters. The company's pricing strategy remains flexible in response to local market dynamics. Margin and cost discipline: Operating margins are expected to be pressured by reduced pricing power, less favorable regional mix, and higher land costs. Management is targeting further reductions in build times and overhead expenses to help offset these headwinds and maintain profitability. Shareholder return focus: With lower land investment planned for the remainder of the year, KB Home intends to accelerate share repurchases, supported by a strong balance sheet and liquidity. Management views this as a means to enhance earnings per share and return on equity in a challenging market backdrop. In the quarters ahead, the StockStory team will monitor (1) the pace of net order recovery as consumer sentiment and mortgage rates evolve, (2) the company's ability to sustain further reductions in build times and direct costs, and (3) the effectiveness of its strategy to moderate land investment while maintaining a robust pipeline for future community growth. Execution on pricing flexibility and inventory management will also be important indicators of operational resilience. KB Home currently trades at $52.87, in line with $53.36 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
KB Home Cuts Full-Year Outlook Amid Consumer Uncertainty
KB Home on Monday topped analysts' estimates for the second quarter, while lowering its full-year outlook. The homebuilder lowered its fiscal 2025 revenue forecast after a weaker-than-expected spring selling season. CEO Jeffrey Mezger said that "consumers are continuing to demonstrate a lack of confidence about the short term" housing Home (KBH) topped second-quarter revenue and profit estimates after the bell Monday, but cut its full-year sales forecast as the housing market remains sluggish. Revenue fell more than 10% year-over-year to $1.53 billion but came in narrowly above Visible Alpha consensus. Earnings per share of $1.50 dropped from $2.15 a year ago but also topped analysts' projections. Still, KB Home lowered its housing revenue forecast for the second straight quarter to $6.30 billion to $6.50 billion, down from the $6.60 billion to $7.00 billion range the company laid out in March and below analysts' expectations of $6.57 billion. "While longer term the outlook for the housing market remains favorable driven by demographics and an undersupply of homes, consumers are continuing to demonstrate a lack of confidence about the short term, which has impacted their home purchase decisions," CEO Jeffrey Mezger said in Monday's earnings call, according to a transcript from AlphaSense. Mezger said the company saw "more subdued demand" in the spring selling season as Americans faced affordability challenges, persistently high mortgage rates, and other macro and geopolitical uncertainty. CFO Rob Dillard said KB Home expects to generate $1.5 billion to $1.7 billion in revenue for the third quarter, below the $1.8 billion analyst consensus, with an average home selling price of $470,000 to $480,000, below its full-year average projection of $480,000 to $490,000. In a note following the report, UBS analysts cut their price target for KB Home to $80 from $86 while keeping their "buy" rating. "Despite choppy market conditions, we believe the setup for homebuilder stocks remains favorable, given reset expectations and the group's tendency to bounce ahead of a bottom," the analysts wrote. KB Home shares, which entered Tuesday down nearly 20% since the start of this year, are down a further 1.7% an hour before the opening bell. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
