KB Home ( KBH ) reported financial results for the fourth quarter after the market close on Monday. Here’s a rundown of the report.

Q4 Earnings: KB Home ( KBH ) reported fourth-quarter revenue of $2 billion, beating analyst estimates of $1.99 billion. The U.S. homebuilder reported fourth-quarter earnings of $2.52 per share, beating analyst estimates of $2.39 per share, according to Benzinga Pro.

Total revenue was up 19% year-over-year. KB Home ( KBH ) delivered 3,978 homes in the quarter, up 17% year-over-year. Average selling price was $501,000, up 3%, and net orders climbed 41% year-over-year to 2,688.

“Our higher revenues reflected an increase in deliveries, which were driven by faster build times. Net orders rose roughly 40% year over year, as buyers continued to demonstrate a desire for homeownership and housing market conditions improved relative to last year, despite ongoing mortgage interest rate headwinds,” said Jeffrey Mezger, chairman and CEO of KB Home ( KBH ).

“In 2025, we will remain focused on expanding our scale, profitability and returns. We believe we are poised for growth having invested over $2.8 billion in land acquisition and development in 2024, and we plan to increase our investment again in 2025.”

KB Home ( KBH ) said it repurchased $100 million worth of its common stock during the quarter. The company had $700 million remaining under its buyback program as of Nov. 30.

Guidance: KB Home ( KBH ) expects full-year 2025 housing revenue to be in the range of $7 billion to $7.5 billion. The company anticipates 2025 average selling prices of $488,000 to $498,000.

KB Home ( KBH ) noted that it will provide guidance for the first quarter on its conference call, which is scheduled for 5 p.m. ET.

KBH Price Action: KB Home ( KBH ) shares were up 8% at $69.24 at the time of publication Monday, according to Benzinga Pro.

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