KB Home (KBH) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.305 and Chief Accounting Officer, and Thad Johnson, Senior Vice President and Treasurer. 00:00:06.305 -- 00:00:10.935 During this call, items will be discussed that are considered forward-looking statements 00:00:10.935 -- 00:00:15.264 within the meaning of the Private Securities Litigation Reform Act of 1995. 00:00:15.264 -- 00:00:16.708 These 00:00:16.708 -- 00:00:22.055 statements are not guarantees of future results and the company does not 00:00:54.976 -- 00:01:00.544 other non-GAAP measure referenced during today's discussion to its most directly 00:01:00.544 -- 00:01:05.712 comparable GAAP measure can be found in today's press release and or 00:01:05.712 -- 00:01:10.438 on the investor relations page of our website at kbhome.com. 00:01:10.438 -- 00:01:15.245 And finally, please note all figures are based on our fiscal November 30th year end and 00:01:15.245 -- 00:01:20.172 all comparisons are on a year-over-year basis unless otherwise stated. 00:01:20.172 -- 00:01:23.357 And with that, here is Jeff Mezger. 00:01:23.357 -- 00:01:26.820 Thank you, Jill. And good afternoon, everyone. 00:01:26.820 -- 00:01:32.507 We are pleased to share our results for our 2025 fourth quarter and fiscal year. 00:01:32.507 -- 00:01:37.854 It was a year that tested consumers resilience as they faced various economic 00:01:37.854 -- 00:01:43.441 and geopolitical issues. Yet through it all, they continued to demonstrate a desire 00:01:43.441 -- 00:01:45.663 to own a home. 00:01:45.663 -- 00:01:51.457 We helped nearly 13,000 individuals and families achieve the dream of home ownership. 00:01:51.457 -- 00:01:56.041 while maintaining our industry-leading customer satisfaction ratings. 00:01:56.041 -- 00:02:01.125 With total revenues of over $6.2 billion an...