Douglas Yearley | Chief Executive Officer |
Martin Connor | Chief Financial Officer |
Rob Parahus | President and Chief Operating Officer |
Fred Cooper | Senior Vice President, Finance and Investor Relations |
Wendy Marlett | Chief Marketing Officer |
Gregg Ziegler | Senior Vice President and Treasurer |
Michael Rehaut | JPMorgan |
Stephen Kim | Evercore ISI |
Alan Ratner | Zelman & Associates |
Paul Przybylski | Wolfe Research |
Michael Dahl | RBC Capital Markets |
Good morning, and welcome to the Toll Brothers Fourth Quarter Earnings Conference Call. [Operator Instructions] The company is planning to end the call at 9:30 when the market opens.
During the Q&A, please limit yourself to one question and one follow up. Please note this event is being recorded. I would now like to turn the conference over to Douglas Yearley, CEO.