Jeff O'Keefe | VP, IR |
Ara Hovnanian | Chairman, President & CEO |
Larry Sorsby | EVP & CFO |
Brad O'Connor | VP, CAO & Controller |
David Bachstetter | VP, Finance & Treasurer |
Alan Ratner | Zelman & Associates |
Arjun Chandar | JPMorgan |
James Finnerty | Citi |
Sam McGovern | Credit Suisse |
Megan McGrath | MKM Partners |
Alex Barron | Housing Research Center |
Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2017 Fourth Quarter Earnings Conference Call. An archive of the website will be available after the completion of the call and run for 12-months. This conference is being recorded for rebroadcast and all participants are currently in a listen-only mode. Management will make some opening remarks about the fourth quarter results and then open up the line for questions. The company will also be webcasting a slide presentation along with the opening comments from management.