Jessica Hansen | Vice President, Investor Relations |
David Auld | President and CEO |
Mike Murray | Executive Vice President and COO |
Bill Wheat | Executive Vice President and CFO |
Stephen East | Wells Fargo |
Carl Reichardt | BTIG |
John Lovallo | Bank of America Merrill Lynch |
Alan Ratner | Zelman & Associates |
Stephen Kim | Evercore ISI |
Michael Rehaut | JPMorgan |
Ken Zener | KeyBanc Capital Markets |
Matthew Bouley | Barclays |
Nishu Sood | Deutsche Bank |
Buck Horne | Raymond James |
Soham Bhonsle | SIG |
Susan Maklari | Credit Suisse |
Alex Barron | Housing Research Center |
Greetings. And welcome to the Second Quarter 2019 Earnings Conference Call for D.R. Horton, America’s Builder, the largest builder in the United States. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.