Brent Anderson | VP, IR |
Steven Hilton | Chairman and CEO |
Phillippe Lord | EVP and COO |
Hilla Sferruzza | EVP and CFO |
Stephen Kim | Evercore ISI |
Michael Rehaut | JPMorgan Chase & Co. |
Paul Przybylski | Wells Fargo Securities |
Alan Ratner | Zelman & Associates |
Nishu Sood | Deutsche Bank |
John Lovallo | Bank of America Merrill Lynch |
Ryan Tomasello | KBW |
Alex Barrón | Housing Research Center |
Michael Dahl | Barclays |
Will Randow | Citi |
Daniel Oppenheim | UBS Investment Bank |
Carl Reichardt | BTIG |
Good morning, and welcome to the Meritage Homes Fourth Quarter 2017 Analyst Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. Please note this event is also being recorded. I would now like to turn the conference over to Brent Anderson, Vice President of Investor Relations.