Jessica Hansen | VP, IR |
David Auld | President and CEO |
Mike Murray | EVP and COO |
Bill Wheat | EVP and CFO |
John Lovallo | Bank of America |
Alan Ratner | Zelman and Associates |
Carl Reichardt | BTIG |
Truman Patterson | Wells Fargo |
Eric Bosshard | Cleveland Research |
Stephen Kim | Evercore ISI |
Matthew Bouley | Barclays |
Michael Rehaut | JP Morgan |
Megan McGrath | Buckingham Research Group |
Jack Micenko | SIG |
Mark Weintraub | Seaport Global |
Ken Zener | KeyBanc Capital Markets |
Alex Barron | Housing Research Center |
Good morning and welcome to the Fourth 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. An interactive question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.