Douglas Yearley | Chairman & CEO |
Martin Connor | SVP & CFO |
Stephen Kim | Evercore ISI |
Alan Ratner | Zelman & Associates |
Deepa Raghavan | Wells Fargo Securities |
Truman Patterson | Wolfe Research |
John Lovallo | UBS |
Alex Barrón | Housing Research Center |
Susan Maklari | Goldman Sachs Group |
Good morning, and welcome to the Toll Brothers First Quarter Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Douglas Yearley, CEO. Please go ahead.