KB Home (KBH) Q1 2012 Earnings Call March 23, 2012 11:30 am ET Executives Jeffrey T. Mezger - Chief Executive Officer, President and Director Jeff J. Kaminski - Chief Financial Officer and Executive Vice President Analysts William Wong - JP Morgan Chase & Co, Research Division David Goldberg - UBS Investment Bank, Research Division Robert C. Wetenhall - RBC Capital Markets, LLC, Research Division Joshua Pollard - Goldman Sachs Group Inc., Research Division Stephen Kim - Barclays Capital, Research Division Ivy Lynne Zelman - Zelman & Associates, Research Division William Alexis PresentationOperator
Well, good day, everyone, and welcome to KB Home's 2012 First Quarter Earnings Conference Call. Today's conference is being recorded and webcast on the KB Home's website at kbhome.com. The recording will be available via telephone replay until 4:30 p.m., Eastern Time, on March 30, by calling (719) 457-0820 and using the replay passcode of 1668714. The 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 expectations or forecasts of market and economic conditions and the company's business activities, prospects, strategy 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 be materially different from those expressed and/or implied by the forward-looking statements. Many of these risk factors are identified on KB Home's filings with the SEC, which the company urges you to read with care.