Kevin McCarty | VP, Finance & Corporate Controller |
Larry Mizel | Chairman & CEO |
Robert Martin | CFO, Principal Accounting Officer & SVP |
Neal BasuMullick | JPMorgan Chase & Co. |
John Lovallo | Bank of America Merrill Lynch |
Alan Ratner | Zelman & Associates |
Stephen Kim | Evercore ISI |
Daniel Oppenheim | UBS Investment Bank |
Good morning or afternoon. My name is Michelle, and I will be your conference operator today. At this time, I would like to welcome everyone to the MDC Holdings First Quarter Earnings Call. [Operator Instructions] I'd now like to turn the call over to Mr. Kevin McCarty, Vice President and Corporate Controller, please go ahead.