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Lennar Corporation's (LEN) CEO Stuart Miller on Q1 2018 Results - Earnings Call Transcript

Apr. 04, 2018 3:10 PM ETLennar Corporation (LEN)
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Lennar Corporation (NYSE:LEN) Q1 2018 Results Earnings Conference Call April 4, 2018 11:00 AM ET


Alexandra Lumpkin - IR

Stuart Miller - CEO

Richard Beckwitt - President

Jonathan Jaffe - VP & COO

Bruce Gross - CFO

David Collins - Controller & Principal Accounting Officer

Jeff Krasnoff - CEO, Rialto


Alan Ratner - Zelman & Associates

Michael Rehaut - JPMorgan

Stephen East - Wells Fargo

Susan McClary - Credit Suisse


Welcome to Lennar's First Quarter Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time.

I will now turn the call over to Alex Lumpkin for your reading of the forward-looking statement.

Alexandra Lumpkin

Thank you, and good morning. Today's conference call may include forward-looking statements, including statements regarding Lennar's business, financial condition, results of operations, cash flows, strategies and prospects. Forward-looking statements represent only Lennar's estimates on the date of this conference call and are not intended to give any assurance as to the actual future results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Many factors could affect future results and may cause Lennar's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in this morning's press release and our SEC filings, including those under the caption Risk Factors contained in Lennar's annual report on Form 10-K, most recently filed with the SEC. Please note that Lennar assumes no obligation to update any forward-looking statements.


Thank you. I would like to introduce your host, Mr. Stuart Miller, CEO. Sir, you may now begin.

Stuart Miller

Very good, thank you, and good morning. This morning, I'm here with Rick Beckwitt, our President; Bruce Gross, our Chief Financial

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