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Investor Presentaiton

13 | kb Housing Gross Profit Margin - As Adjusted* HOME '20 17.9% '21 22.4% 21.1% First Quarter 18.7% 22.4% 22.0% 21.5% 21.0% 20.6% '22 '20 '21 '20 '21 '20 Second Quarter Third Quarter *Excludes inventory-related charges. See Appendix: Reconciliation of Non-GAAP Financial Measures. '21 Fourth Quarter O2020 KB Home
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