Jill Peters | SVP, IR |
Jeff Mezger | Chairman, President and CEO |
Jeff Kaminski | EVP and CFO |
Alan Ratner | Zelman & Associates |
Stephen East | Wells Fargo |
Nishu Sood | Deutsche Bank |
Christopher Shook | Evercore ISI |
John Lovallo | Bank of America Merrill Lynch |
Mike Dahl | RBC Capital Markets |
Michael Rehaut | JP Morgan |
Soham Bhosale | SIG |
Jay McCanless | Wedbush Securities |
Matthew Bouley | Barclays |
Jade Rahmani | KBW |
Good afternoon. My name is Devon and I'll be your conference operator for today. I would like to welcome everyone to the KB Home 2018 Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Following the company's opening remarks, we will open the lines for questions.