KB Home (KBH) Q3 2023 Earnings Call Transcript

KB Home (NYSE:KBH) Q3 2023 Earnings Call Transcript September 20, 2023 5:00 PM ET

Company Participants

Jill Peters – SVP, IR

Jeff Mezger – Chairman, President and CEO

Rob McGibney – EVP and COO

Jeff Kaminski – EVP and CFO

Conference Call Participants

Matthew Bouley – Barclays

Stephen Kim – Evercore

Alan Ratner – Zelman & Associates

John Lovallo – UBS

Michael Rehaut – J.P. Morgan

Truman Patterson – Wolfe Research

Buck Horne – Raymond James

Joe Ahlersmeyer – Deutsche Bank

Jay McCanless – Wedbush Securities


Good afternoon. My name is John, and I will be your conference operator today. I would like to welcome everyone to the KB Home 2023 Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the company’s opening remarks, we will open the lines for questions. Today’s conference call is being recorded and will be available for replay at the company’s website kbhome.com through October 20.

And now, I would like to turn the call over to Jill Peters, Senior Vice President, Investor Relations. Thank you, Jill. You may begin.

Jill Peters

Thank you, John. Good afternoon, everyone, and thank you for joining us today to review our results for the third quarter of fiscal 2023. On the call are Jeff Mezger, Chairman, President and Chief Executive Officer; Rob McGibney, Executive Vice President and Chief Operating Officer; Jeff Kaminski, Executive Vice President and Chief Financial Officer; Bill Hollinger, Senior Vice President and Chief Accounting Officer; and Thad Johnson, Senior Vice President and Treasurer.

During this call, items will be discussed that are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results and the company does not undertake any obligation to update them. Due to various factors, including

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