KB Home's (KBH) CEO Jeff Mezger on Q2 2014 Results - Earnings Call Transcript

Jun. 27, 2014 5:56 PM ETKB Home (KBH)
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KB Home (NYSE:KBH) Q2 2014 Earnings Conference Call June 27, 2014 11:30 AM ET

Executives

Jeff Mezger - Chief Executive Officer

Jeff Kaminski - Executive Vice President and Chief Financial Officer

Bill Hollinger - Senior Vice President and Chief Accounting Officer

Thad Johnson - Vice President and Treasurer

Analysts

Michael Rehaut - JPMorgan

Eli Hackel - Goldman Sachs

Bob Wetenhall - RBC Capital Markets

Ivy Zelman - Zelman & Associates

Stephen Kim - Barclays

David Goldberg - UBS

Dan Oppenheim - Credit Suisse

Megan McGrath - MKM Partners

Operator

Good morning. My name is Rob and I will be your conference operator today. I would like to welcome everyone to the KB Home 2014 Second Quarter Earnings Conference Call. At this time, all participants will be in a listen-only mode. Today’s conference is being recorded and a live webcast is available on KB Home’s website at kbhome.com. Following the company’s opening remarks we will open the line for questions. (Operator Instructions)

KB Home’s discussion today may include forward-looking statements that reflect management’s current views and expectations of market conditions, future events and the company’s business performance. These statements are not guarantees of future results and the company does not undertake any obligation to update them. Due to a number of factors outside of its control, including those identified in its SEC filings, the company’s actual results could be materially different from those expressed and/or implied by the forward-looking statements.

A reconciliation of non-GAAP measures referenced during today’s discussion to their most directly comparable GAAP measures can be found in the company’s earnings release issued earlier today and/or on the Investor Relations page of the company’s website.

It is now my pleasure to introduce your host, Chief Executive Officer for KB Home, Mr. Jeff Mezger. Mr. Mezger, you may begin.

Jeff

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