KB Home (KBH) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 other non-GAAP measure referenced during today's discussion to its most directly comparable GAAP measure can be found in today's press release and or on the investor relations page of our website at kbhome.com. And finally, please note all figures are based on our fiscal November 30th year end and all comparisons are on a year-over-year basis unless otherwise stated. And with that, here is Jeff Mezger. Thank you, Jill. And good afternoon, everyone. We are pleased to share our results for our 2025 fourth quarter and fiscal year. It was a year that tested consumers resilience as they faced various economic and geopolitical issues. Yet through it all, they continued to demonstrate a desire to own a home. We helped nearly 13,000 individuals and families achieve the dream of home ownership. while maintaining our industry-leading customer satisfaction ratings. With total revenues of over $6.2 billion and nearly $430 million in net income, we produced a 10% increase in our book value per share. We further strengthened our financial flexibility with the recent expansion of our new $1.2 billion revolving credit facility and the extension of our term loan. And through our balanced approach to capital allocation, We rewarded our shareholders with a healthy return of capital, totaling more than $600 million in fiscal 2025, including dividends. We continue to lead our peer group in the cumulative amount of capital returned to our shareholders over the past ...