Stephen Kim

“First, now that a KB has achieved its goal of returning to a predominantly built-to-order business model, I wanted to ask if you have an update on your long-term gross margin targets.”

“I had a couple of questions here on the inventory. If I look at your finished homes and construction in progress on a per unit basis, the value per unit appears to have risen pretty significantly again this quarter.”

“It was a strong quarter from our perspective, particularly in other – and I was curious if you could talk a little bit about the drivers of strength in that segment, any particular, you know, verticals to call out there.”

“A lot we could talk about, but let's start with insulation. The degree of the volume strength surprised us. I think you indicated that non-res in the U.S. and Europe kind of drove some of the strength, but North American res, it was also up slightly.”

“My first question relates to the incremental investments. You know, if my math's right, it seems like you're talking about, you know, call it $45 to $50 million or whatever of incremental investments this year.”