Douglas Yearley | Chairman and Chief Executive Officer |
Martin Connor | Chief Financial Officer |
Nishu Sood | Deutsche Bank Securities Inc. |
Stephen Kim | Evercore ISI |
Stephen East | Wells Fargo Securities |
Alan Ratner | Zelman & Associates LLC |
Michael Rehaut | J.P. Morgan Securities |
John Lovallo | Bank of America Merrill Lynch |
Susan Maklari | Credit Suisse |
Mike Dahl | RBC Capital Markets |
Kenneth Zener | Keybanc Capital Markets Inc. |
Matthew Bouley | Barclays plc |
Scott Schrier | Citigroup Inc. |
Jade Rahmani | Keefe, Bruyette & Woods, Inc. |
Jay McCanless | Wedbush Securities Inc. |
Megan McGrath | The Buckingham Research Group |
Buck Horne | Raymond James Financial Services Inc. |
Carl Reichardt | BTIG, LLC |
Good day and welcome to the Toll Brothers Inc.
First Quarter Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.