M.D.C. Holdings, Inc. (MDC) CEO Larry Mizel on Q1 2019 Results - Earnings Call Transcript

Apr. 30, 2019 11:29 PM ETM.D.C. Holdings, Inc. (MDC) StockMDC
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M.D.C. Holdings, Inc. (MDC) Q1 2019 Results Earnings Conference Call April 30, 2019 5:00 PM ET

Company Participants

Derek Kimmerle – Director, SEC Reporting
Larry Mizel - Chairman and Chief Executive Officer
Robert Martin - Senior Vice President, Chief Financial Officer and Principal Accounting Officer

Conference Call Participants

John Lovallo - Bank of America
Tim Daley - Deutsche Bank
Michael Rehaut - JPMorgan
Stephen Kim - 1Evercore
Paul Przybylski - Wells Fargo
Jay McCanless - Wedbush Securities
Ivy Zelman - Zelman & Associates
Alex Barron - Housing Research Center
Buck Horne - Raymond James

Operator

Good afternoon, and welcome to the M.D.C. Holdings 2019 First Quarter 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.

I would now like to turn the conference over to Derek Kimmerle, Director of SEC Reporting. Please go ahead.

Derek Kimmerle

Thank you. Good afternoon, ladies and gentlemen, and welcome to M.D.C. Holdings 2019 first 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 condition, results of operation, cash flows, strategies and prospects, and responses to questions may contain forward-looking statements within the meaning of

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