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M.D.C. Holdings' (MDC) CEO Larry Mizel on Q2 2018 Results - Earnings Call Transcript

Aug. 01, 2018 5:18 PM ETM.D.C. Holdings, Inc. (MDC)
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M.D.C. Holdings, Inc. (NYSE:MDC) Q2 2018 Earnings Conference Call August 1, 2018 12:30 PM ET


Kevin McCarty – Vice President-Finance and Corporate Controller

Larry Mizel – Chairman and Chief Executive Officer

Bob Martin – Chief Financial Officer


Neal Basumullick – J.P. Morgan

Stephen Kim – Evercore ISI

Peter Galbo – Bank of America

Alan Ratner – Zelman & Associates

Alex Barron – Housing Research Center

Buck Horne – Raymond James

Kenneth Zener – KeyBanc

Stephen Kim – Evercore ISI


Good afternoon. We are ready to begin the M.D.C. Holdings Inc Second Quarter Earnings Conference Call. I will now turn it over to Kevin McCarty, Vice President of Finance and Corporate Controller. Sir, you may begin your call.

Kevin McCarty

Thank you, Chantelle. Good morning, ladies and gentlemen, and welcome to the M.D.C. Holdings 2018 second quarter earnings conference call. On the call with me today, I have Larry Mizel, Chairman and Chief Executive Officer; and Bob Martin, Chief Financial Officer.

At this time, all participants are in a listen-only mode. After finishing our prepared remarks, we will conduct a question-and-answer session at which time we request that participants limit themselves to one question and one follow-up question. Please note that this conference is being recorded and will be available for replay. For information on how to access the replay, please visit our website at mdcholdings.com.

Before turning the call over to Larry, it should be noted that certain statements made during this conference call, including those related to MDC's business, financial conditions, results of operations, cash flows, strategies and prospects and responses to any questions, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual

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