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KB Home (KBH) Q2 2025 Earnings Call Transcript

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KB Home (NYSE:KBH) Q2 2025 Earnings Conference Call June 23, 2025 5:00 PM ET

Company Participants

Jeffrey T. Mezger – Chairman & CEO
Jill S. Peters – Senior Vice President of Investor Relations
Robert R. Dillard – CFO & EVP
Robert V. McGibney – President & COO

Conference Call Participants

Alan S. Ratner – Zelman & Associates LLC
Jade Joseph Rahmani – Keefe, Bruyette, & Woods, Inc., Research Division
John Lovallo – UBS Investment Bank, Research Division
Matthew Adrien Bouley – Barclays Bank PLC, Research Division
Michael Jason Rehaut – JPMorgan Chase & Co, Research Division
Rafe Jason Jadrosich – BofA Securities, Research Division
Richard Samuel Reid – Wells Fargo Securities, LLC, Research Division
Stephen Kim – Evercore ISI Institutional Equities, Research Division
Stephen Mea – RBC Capital Markets, Research Division
Susan Marie Maklari – Goldman Sachs Group, Inc., Research Division

Operator

Good afternoon. My name is Julian, and I will be your conference operator for today. I would like to welcome everyone to the KB Home 2025 Second Quarter Earnings Conference Call.

[Operator Instructions] This conference call is being recorded, and a replay will be accessible on the KB Home website until July 23, 2025.

I will now turn the call over to Jill Peters, Senior Vice President of Investor Relations. Jill, you may begin.

Jill S. Peters

Thank you, Julian. Good afternoon, everyone, and thank you for joining us today to review our results for the second quarter of fiscal 2025. On the call are Jeff Mezger, Chairman and Chief Executive Officer; Rob McGibney, President and Chief Operating Officer; Rob Dillard, 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

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