KB Home Announces the Grand Opening of Its Newest Community in Desirable Orting, Washington
ORTING, Wash.--(BUSINESS WIRE)--KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the grand opening of Bridgewater, a new-home community in desirable Orting, Washington, which offers small-town charm, vibrant community events and scenic beauty. The new homes are designed for the way people live today, with popular features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. The community's two-story floor plans feature up to six bedrooms and four baths. Bridgewater is walking distance to schools, parks and the Puyallup River, and homeowners will appreciate the stunning views of Mount Rainier and the Cascade Foothills.
What sets KB Home apart is the company's focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company's commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site.
'We are pleased to offer homebuyers in the Seattle-Tacoma area spacious new two-story homes in the charming and scenic town of Orting,' said Ryan Kemp, President of KB Home's Seattle division. 'Bridgewater is situated on the banks of the Puyallup River, which features opportunities for bird-watching, fishing, kayaking, tubing and rafting. Homeowners will appreciate the stunning views of Mount Rainier and the Cascade foothills as well as the proximity to schools and family friendly parks, including Calistoga and Whitehawk Parks. At KB Home, we're here to help you achieve your dream with a personalized new home built uniquely for you and your life.'
Innovative design plays an essential role in every home KB builds. The company's floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR ® certified — a standard that fewer than 12% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification.
Bridgewater is in a ideal location that offers homebuyers an exceptional lifestyle. The community is situated at the corner of Calistoga Way West and Chief Emmons Lane Northwest, providing easy access to Highways 167, 410 and 512, Interstate 5, downtown Tacoma, Seattle-Tacoma International Airport and the area's major employment centers. Bridgewater is close to shopping and dining at Orting's Pioneer Village Shopping Center. The new neighborhood is also near Foothills Trail, which offers walking, biking, running and horseback riding, and a short drive to Crystal Mountain Resort, White Pass and Mount Rainier National Park, which features hiking, biking, skiing and snowboarding.
The Bridgewater sales office and model home are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the low $500,000s.
For more information on KB Home, call 888-KB-HOMES or visit 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 nearly 700,000 quality homes in our more than 65-year history, and are honored to be the #1 customer-ranked national homebuilder based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR ® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
Phillips 66: Cyclical Setback Or Structural Shift?
Phillips 66 (NYSE: PSX), headquartered in Houston, Texas, is a diversified energy manufacturing and logistics company with a strong presence in the refining, midstream, chemicals, and marketing sectors. Below are the quarterly earnings from each operational segment for the first quarter of 2025. Warning! GuruFocus has detected 8 Warning Sign with PSX. Phillips 66 stands as one of the leading independent refiners in the United States, with a crude oil processing capacity comparable to that of Valero Energy (NYSE:VLO) and Marathon Petroleum (NYSE:MPC), which I have previously analyzed. The renewable energy sector's contribution to Phillips 66's total revenue is currently a small but growing one, mirroring trends observed in other refiners, such as Valero Energy and Marathon Petroleum. This shift underscores the company's strategic commitment to sustainable energy, which complements its core operations in fossil fuels. While traditional refining remains the primary source of revenue, investments in renewable diesel and biofuels demonstrate a long-term commitment to diversification and the transition to cleaner energy, which is expected to yield long-term benefits. In 1Q25, Phillips 66's renewable segment posted a $185 million loss due to a shift in tax credit structures and softer international markets. While renewable fuel sales rose to approximately 63,000 barrels per day (bpd), margins were pressured. In contrast, Marathon Petroleum maintained stable performance through its Diamond Green Diesel JV, while Valero Energy led the sector with strong margins and high capacity. For more information about this particular segment, I strongly recommend reading my two preceding articles published on Gurufocus. The company's largest refining asset is the Sweeny Refinery in Texas, which has a crude oil processing capacity of approximately 265K barrels per calendar day (bpcd). Additionally, Phillips 66 holds a substantial interest in DCP Midstream LP and Phillips 66 Partners LP, which oversee a wide range of midstream assets, including those tailored to natural gas and natural gas liquids (NGL), as well as transportation, storage, and processing infrastructure. The PSX's total processed input worldwide for the quarter was 1,616K Bpcd in 1Q25, which is lower than that of Valero Energy and Marathon Petroleum. Note: Valero Energy is also producing ethanol. PSX's throughput declined due to planned refinery turnarounds and maintenance, which reduced refinery crude utilization from 94% in the preceding quarter to 80% in 1Q25. Note: Phillips 66 operates at a smaller overall capacity compared to Valero and Marathon Petroleum, which explains the lower total despite strong utilization. As I mentioned in my previous article on Marathon Petroleum, Chevron (CVX, Financial), Marathon Petroleum, Valero Energy (VLO, Financial), and Phillips 66 (PSX, Financial) are among the largest and most influential refiners in the United States. Each of them plays a significant role in the downstream oil and gas sector, particularly in refining crude oil into usable fuels and chemicals. As we can see, PSX is down nearly 6% year-over-year. Phillips 66, like other companies in the industry, operates in four distinct regions: the West Coast, the Central Corridor, the Gulf Coast, and the Atlantic Basin/European Union (EU). In 1Q25, the global refining margin was low at $6.81 per barrel (BBL), a decrease from $11.01 the previous year, representing a 38.1% year-over-year decline. Below, the different refining margins for each region are outlined. The Gulf Coast region has the highest refining margin in 1Q25. To compare, Valero Energy's worldwide refining margin was $9.78, while Marathon Petroleum's was $13.38, significantly higher than Phillips 66's. Phillips 66 reported mixed financial performance in the first quarter of 2025, delivering a net income of $487 million. The total revenue for the quarter was $31.73 billion, with an EBITDA of $1.67 billion. The net income was primarily impacted by scheduled maintenance activities at several refineries and decreased refining margins, particularly in the Gulf Coast and West Coast markets. However, the company's midstream and marketing segments partially offset these operational challenges with steady performance. In the first quarter of 2025, Phillips 66 encountered several challenges, including a substantial 38.1% year-over-year decline in refining margins. The company also initiated a significant spring turnaround program, which resulted in approximately $270 million in costs. In addition, crude capacity utilization dropped significantly to around 80%, down from 94% the previous year, while operating and interest expenses increased. These setbacks are similar to those faced by Marathon Petroleum and Valero Energy, which also struggled with weak margins, extensive maintenance, and operational downtime. This indicates a consistent trend among major refiners. In the first quarter of 2025, Phillips 66 reported a negative free cash flow of $236 million. This was due to $187 million in cash generated from operations being offset by $423 million in capital expenditures. The negative free cash flow in 1Q25 was an improvement compared to the negative free cash flow of $864 million recorded in 1Q24. The entire refining sector experienced disappointing results this quarter due to declining profit margins. Phillips 66 reported negative free cash flow this quarter, significantly underperforming compared to Valero, which achieved a positive cash flow of $703 million. Phillips 66 outperformed Marathon Petroleum, which reported a negative cash flow of $727 million this quarter, primarily due to an operational cash flow deficit of $64 million. The main challenges for Phillips 66 included high capital expenditures of $423 million, as well as weaker refining margins and operational inefficiencies noted by cash flow is essential for Phillips 66 as it supports key capital allocation priorities without incurring additional debt. A strong free cash flow helps reduce debt and maintain a healthy balance sheet. It also ensures that the company can consistently make dividend payments, providing shareholders with dependable returns. Phillips 66 declared and paid a quarterly dividend of $1.20 per share on June 2, yielding 3.85%. During the same period, the company repurchased approximately 1.996 million shares for $247 million, or $123.75 per share. The company's free cash flow enables its share repurchases, which enhances shareholder value and reflects confidence in its long-term performance. However, in 1Q25, negative free cash flow impeded these crucial activities, underscoring the necessity for margin recovery and strict cost discipline to restore financial flexibility and sustain capital returns. The net debt remains stable, with total debt at $18.803 billion and total cash amounting to $1.489 billion. The Debt-to-Equity ratio is 0.69 as of March 2025, which is a notable increase over the decade average of approximately company's debt levels are substantial and exceed industry standards. However, its strong cash flow and ability to manage debt, though lacking a large safety net, indicate that its financial flexibility remains intact. It is essential to monitor this situation closely, as a decline in oil margins or an increase in interest rates could lead to tighter coverage for the company. Investing in refiners like PSX carries significant risks, including volatile refining margins, regulatory pressures, and shifting demand due to the energy transition. Compared to Valero Energy and Marathon Petroleum, PSX incurs higher turnaround costs and reports weaker results in the first quarter, making its valuation less appealing. Valero has shown stronger recent performance, while Marathon enjoys better operational efficiency. Although all three companies are susceptible to cyclical downturns, PSX currently appears riskier due to its execution challenges and less favorable margin capture. Phillips 66's first-quarter results were disappointing. With a forward P/E over 17, the stock seems expensive given these cyclical challenges. While the long-term outlook remains solid, I'd prefer a better entry point, especially with ongoing margin pressures and turnaround costs. The technical analysis below will help identify a suitable entry point. Phillips 66's recent performance raises the question of whether it's facing a cyclical downturn or a deeper structural shift. Cyclically, refining margins and energy prices fluctuate, impacting earnings. However, a growing emphasis on renewable energy, regulatory pressures, and long-term demand changes suggest a possible structural transformation. The company's investments in biofuels and chemical diversification may indicate adaptation. Investors must weigh short-term volatility against long-term industry evolution to determine if Phillips 66 remains resilient or needs to fundamentally reinvent Phillips 66 is a strong option for long-term investors looking to gain exposure to the energy sector. Its attractive dividends and consistent cash flow contribute to its appeal. However, geopolitical risks, such as a potential conflict between Israel and Iran that could involve U.S. engagement, may disrupt oil supply and lead to rising oil prices. This situation could impact refining margins and overall market stability. While Phillips 66 is generally reliable, it, along with other refiners, operates in a volatile global environment that investors should monitor closely. Note: The chart has been adjusted to account for the dividend. PSX is currently trading within a descending channel pattern, with resistance at $126 and support at $111.80. The relative strength index (RSI) is at 68 and trending upward, suggesting that PSX is overbought and may have limited potential for further gains. If the stock experiences a breakout, potentially due to the situation in the Middle East, it could reach $134, although this is unlikely. However, given the tensions between Israel and Iran and possible U.S. involvement, anything is possible. A descending channel is typically considered a bearish continuation pattern, which can last until either a breakdown or a breakout takes place, usually following the initial trend established at the beginning of the channel (in this case, upward). For more details, please refer to the chart above. Adopting a Last-In, First-Out (LIFO) strategy for approximately 30%-40 % of your position, especially with a dividend yield of 3.85%. Ensure that you maintain an adequate cash balance. Set your target selling price between $125 and $127.50. Given the current level of market uncertainty, it is advisable to employ a LIFO (Last-In, First-Out) strategy for most of your investments. On the other hand, it may be wise to accumulate more shares in the range of $110 to $114, but proceed with caution, as PSX could drop to $102 or below if there is any unexpected decision regarding tariffs or a US attack on Iran. Note: It is essential to frequently update the TA chart to remain relevant, as we operate in an extremely volatile environment. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Chevron Is Following ExxonMobil by Entering the Lithium Sector
Chevron is acquiring land to produce lithium. It's following in the footsteps of Exxon in developing a lithium business. The oil companies are slowly building out lower-carbon energy businesses. 10 stocks we like better than Chevron › Oil giants Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) can read the writing on the wall: They can see that fossil fuels will eventually go extinct. That's leading these energy giants to invest in expanding into lower-carbon energy. One area both oil stocks are expanding into is lithium, a key ingredient for making batteries for electric vehicles (EVs). Exxon entered the sector in 2023 by acquiring land in Arkansas' Smackover Formation, which is rich in lithium brine. Chevron is now following in Exxon's footsteps by acquiring land in the region to produce lithium. Chevron has signed two deals to buy leasehold acreage related to the Smackover Formation. It's buying 125,000 net acres across Northeast Texas and Southwest Arkansas from two sellers. The energy company noted that the Smackover Formation underneath this land has high lithium content. The land acquisitions mark Chevron's first step toward establishing a commercial-scale U.S. lithium business. The energy company would utilize a direct lithium extraction (DLE) process to develop the acreage. DLE is a set of advanced technologies that extract lithium from brines produced from subsurface formations like the Smackover. While Chevron doesn't have experience producing lithium, the DLE process would enable the company to leverage its subsurface, drilling, and resource extraction capabilities and strengths. That makes lithium production a strong strategic fit for oil companies like Chevron and Exxon. Chevron's move into the Smackover follows Exxon's prior entry into the lithium supply sector. In 2023, the oil giant reportedly paid around $100 million for more than 120,000 total acres in Arkansas above the Smackover Formation. Exxon drilled its first well in the region that year and aims to begin commercially producing lithium by 2027. It set a bold goal of producing enough lithium by 2030 to supply the auto industry with the metal to meet the manufacturing needs of over 1 million EVs per year. That would make it one of the world's top producers in a very short period. Exxon has already started signing lithium supply deals with potential customers for its branded product, Mobil Lithium. Last year, it inked a nonbinding agreement with battery parts maker LG Chem to potentially supply 100,000 metric tons of lithium carbonate over several years. LG Chem would use it at its cathode plant in Tennessee, which it expects to complete this year. The oil giant is also looking into other potential lithium projects worldwide. It's reportedly working with oilfield services giant SLB on potential lithium investment opportunities in Chile. Energy giants Chevron and Exxon are taking methodical approaches to the transition to lower-carbon energy. Both companies continue investing heavily in oil and gas to meet the world's near-term needs for fossil fuels. For example, Exxon is investing $140 billion in major projects and in developing the Permian basin through 2030. This investment level will add 1.2 million oil-equivalent barrels per day (BOE/d) to its output, which it expects will reach 5.4 million BOE/d by 2030. However, the energy companies are also steadily ramping up their investments in lower-carbon energy. They're taking a broad approach by investing in industries adjacent to the fossil fuel sector, such as hydrogen, biofuels, carbon capture and storage, and lithium. Exxon aims to invest up to $30 billion into lower carbon energy opportunities through 2030, while Chevron is currently allocating about 10% of its $15 billion annual capex budget to lower carbon energy opportunities. The oil companies want to methodically build profitable lower-carbon energy businesses that generate high investment returns to complement their oil and gas operations. Chevron and Exxon know that the world wants to switch to lower-carbon energy sources. That's leading the energy giants to expand into new areas like lithium. They want to leverage their extensive expertise to build profitable businesses that can grow shareholder value over the long term. It's a smart approach that could pay off for investors in the future. Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Chevron wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt DiLallo has positions in Chevron. The Motley Fool has positions in and recommends Chevron. The Motley Fool has a disclosure policy. Chevron Is Following ExxonMobil by Entering the Lithium Sector was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Down 65%, Should You Buy Nike Stock?
Nike made some missteps, including cutting out wholesale partnerships. The current challenging environment isn't helping, and sales are declining. That leaves Nike stock trading at a discount to its three-year average. These 10 stocks could mint the next wave of millionaires › Nike (NYSE: NKE) is the largest activewear company in the world, by far, and the largest of any kind of apparel company in the U.S. However, it's going through some rough times, and the stock is 65% off its all-time high. This could look like a value trap, but if you're looking for a value stock or reliable passive income, and you have the time to wait out the recovery, Nike stock could fit the bill. Here's why. Nike has nearly $48 billion in trailing 12-month revenue, making it larger than all of its major activewear competitors combined. It's also larger than other major U.S. apparel companies like Gap, American Eagle, and Levi Strauss. It has an unbeatable brand, with the highest brand value in the world at more than $71 billion, according to Statista. That has clear implications for its overall health despite recent setbacks. Sales have been declining over the past few years after a number of missteps. It made a major pivot to focus on its direct-to-consumer channels, cutting out long-held wholesale relationships, and the timing was wrong as people cut back on discretionary spending. In good times, Nike can count on its relationships with its loyal customers across demographics to power higher sales. These days, the majority of that customer group can't buy premium, and the more affluent shoppers are trying new brands like On Holding. It has also lost out to brands focused on performance, like Berkshire Hathaway's Brooks and Deckers Brands' Hoka. Nike brought back former executive Elliott Hill to lead the company in a turnaround last year, but it's going to take some time to get out of this rut. Not only does it need to redo its strategy, but the external environment is still unfavorable to premium spending. In the fiscal 2025 third quarter (ended Feb. 28), sales were down 7% from the prior year on a currency neutral basis. Direct-to-consumer sales were worse than the total with a 10% decrease, but Nike's been rebuilding its wholesale partnerships, and wholesale was down 4%. That's worse for margins, though, and there were other factors sending them down. Gross margin narrowed 3.3 percentage points from last year to 41.5% in Q3. Part of that came from discounting, higher costs, and missing inventory as the company scraps some models and replaces them with new designs that it hopes will revitalize the brand. With its size and brand power, it doesn't make sense to give up on Nike, and the market is enthusiastic about Hill's chances for success. Despite its declines, Nike remains the industry leader. It's especially resonant with younger shoppers, and it topped Piper Sandler's annual Taking Stock With Kids survey as the favorite footwear brand again this year. The company is already in the throes of a major strategy shift. It's leaning into sports, with a focus on performance lines, and it's launching new products weekly to keep the brand in shoppers' minds and keep them buying. It's moving away from legacy products and innovating, deepening its brand storytelling, and releasing a greater variety to meet demand across its customer base. Nike is also reigniting its Wholesale partnerships and redoing its digital channels to bring customers back, starting with paring down promotional activity. Hill noted that in January and February, promotional days in U.S. digital channels went from 30 last year to zero this year. He said that in the third quarter, Nike met its expectations, and that this reinforced his thinking about how Nike needs to change. The change isn't going to happen overnight, or even in a few quarters. Management explained that while it tightens the Nike Direct marketplace and shifts promotional activity to its factory stores, it expects traffic to decline by double digits before growing again. Shifting back to premium pricing will also concentrate its buyers. Some legacy items will be out of stock while it brings out newer styles. There's definitely risk in investing in a company that's on the decline, but that's often where the greatest opportunities lie. Nike is less risky than other turnaround plays because it's still at the top of its industry. Nike stock won't be the right choice for every investor, but it looks like a good play for the value investor or dividend investor. It's trading at a price-to-earnings (P/E) ratio of 21, well below its three-year average of 28, and the dividend yields 2.5% at the current price. If you're looking for solid passive income and have a long time horizon, Nike could be the right stock for you. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $377,293!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $37,319!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $659,171!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 9, 2025 Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway, Deckers Outdoor, and Nike. The Motley Fool recommends American Eagle Outfitters and On Holding. The Motley Fool has a disclosure policy. Down 65%, Should You Buy Nike Stock? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
