Brent Anderson | VP, IR |
Steven Hilton | Co-Founder, Chairman and CEO |
Phillippe Lord | COO and EVP |
Hilla Sferruzza | CFO, CAO and EVP |
Michael Rehaut | JPMorgan Chase & Co. |
Alan Ratner | Zelman & Associates |
Paul Przybylski | Wells Fargo Securities |
Nishu Sood | Deutsche Bank Aegean |
Peter Galbo | Bank of America Merrill Lynch |
Jade Rahmani | KBW |
Carl Reichardt | BTIG |
Daniel Oppenheim | UBS Investment Bank |
Alex Barrón | Housing Research Center |
Good morning, and welcome to the Meritage Homes Third Quarter 2017 Analyst Conference Call. [Operator Instructions]. Please note this event is also being recorded. I would now like to turn the conference over to Brent Anderson, Vice President, Investor Relations. Please go ahead, sir.