Net income was $101.5 million, or $1.55 per share, compared to $190.6 million, or $2.52 per share, last year. Adjusted EPS was $1.92.
Revenue and earnings beat estimates.
Homes delivered decreased 9% to 3,619 and net orders decreased 10% to 2,414 in Q4. Average selling price declined 7% to $465,600.
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For the first quarter of 2026, KBH expects deliveries of 2,300-2,500 homes and housing revenues of $1.05-1.15 billion.
For the full year of 2026, the company expects deliveries to be 11,000-12,500 homes and housing revenues to be $5.10-6.10 billion.
Prior performance
