|David Collins||Controller and VP|
|Stuart Miller||Executive Chairman|
|Rick Beckwitt||Co-CEO and Co-President|
|Jon Jaffe||Co-CEO and Co-President|
|Bruce Gross||CEO, Lennar Financial Services|
|Stephen Kim||Evercore ISI|
|Alan Ratner||Zelman & Associates|
|Susan Maklari||Goldman Sachs|
Welcome to Lennar's First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session. Today's conference is being recorded.
If you have any objections, you may disconnect at this time.