KB Home (KBH)

Q4 2010 Earnings Call Transcript

January 7, 2011 11:30 am ET

Executives

Jeff Mezger – President and CEO

Jeff Kaminski – EVP and CFO

Analysts

Jonathan Ellis – Bank of America Merrill Lynch

Ivy Zelman – Zelman & Associates

Michael Smith – JMP Securities

Michael Rehaut – JP Morgan

Buck Horne – Raymond James

Joshua Pollard – Goldman Sachs

David Goldberg – UBS Securities

Daniel Oppenheim – Credit Suisse

Carl Reichardt – Wells Fargo Securities

Megan McGrath – Barclays Capital

Nishu Sood – Deutsche Bank

Presentation

Operator

Good day everyone and welcome to the KB Home 2010 fourth quarter and yearend earnings conference call. Today's conference call is being recorded and webcast on KB Home's website at kbhome.com. The recording will be available via telephone replay until midnight on January 16 by calling 719-457-0820 or 888-203-1112 and using the replay pass code of 4152590. A replay will also be available through KB Home's website for 30 days.

KB Home's discussion today may include certain predictions and other forward-looking statements that reflect management's current expectation or forecast of market and economic conditions and of the company's business activities, prospects, strategies, and financial and operational results. These statements are not guarantees of future performance and due to a number of risks, uncertainties, and other factors outside of its control, KB Home's actual results could materially differ from those expressed or implied by the forward-looking statements. Many of these risk factors are identified in KB Home's filings with the SEC, which the company urges you to read with care.

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