KB Home — Mar 24, 2026 release

◦ Based on the Company’s approximately 62.6 million outstanding shares as of February 28, 2026, book value per share of $61.53 increased 8% year over year. Guidance The Company is providing the following guidance for its 2026 second quarter and full year as to certain metrics: 2 2026 Second Quarter — • Deliveries in the range of 2,250 to 2,450 homes. • Housing revenues in the range of $1.05 billion to $1.15 billion. • Housing gross profit margin in the range of 15.0% to 15.6%, assuming no inventory-related charges. • Selling, general and administrative expenses as a percentage of revenues in the range of 12.4% to 13.0%. • Effective tax rate of approximately 19%. • Ending community count in the range of 265 to 275. • Common stock repurchases in the range of $50.0 million to $100.0 million. 2026 Full Year — • Deliveries in the range of 10,000 to 11,500 homes. • Housing revenues in the range of $4.80 billion to $5.50 billion. • Effective tax rate in the range of 23% to 25%. Conference Call The conference call to discuss the Company’s 2026 first quarter earnings will be broadcast live TODAY at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time. To listen, please go to the Investor Relations section of the Company’s website at kbhome.com . 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 over 700,000 quality homes in our nearly 70-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What se