Jeff O'Keefe | Vice President, Investor Relations |
Ara Hovnanian | Chairman, President and Chief Executive Officer |
Larry Sorsby | EVP and Chief Financial Officer |
Megan McGrath | MKM Partners |
Thomas Maguire | Zelman Associates |
Arjun Chandar | JPMorgan |
Sam McGovern | Credit Suisse |
Good morning and thank you for joining us today on the Hovnanian Enterprises Fiscal 2018 Second Quarter Earnings Conference Call. An archive of this webcast will be available after the completion of the call and run for 12 months. This conference is being recorded for a rebroadcast and all participants are currently in a listen-only mode. [Operator Instructions] Management will make some opening remarks about the second quarter results, and then open it up for questions. The company will also be webcasting a slide presentation along with the opening comments from management.