1727 ET - KB Home negotiated longer price locks on lumber in expectation of tariffs, COO Rob McGibney says on a call with analysts. As a result, the homebuilder's costs, including lumber, "are protected for almost all of our second quarter under the terms of our supply contracts," he says. McGibney didn't disclose the company's anticipated tariff impact beyond its fiscal 2Q. Shares fall 6.7% in after-hours trading. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 17:27 ET (21:27 GMT)
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