M.D.C. Holdings, Inc. (MDC) CEO Larry Mizel on Q2 2019 Results - Earnings Call Transcript

M.D.C. Holdings, Inc. (MDC) Q2 2019 Results Earnings Conference Call July 31, 2019 12:30 PM ET

Company Participants

Derek Kimmerle - Director, SEC Reporting
Larry Mizel - Chairman and Chief Executive Officer
Robert Martin - SVP, Chief Financial Officer and Principal Accounting Officer

Conference Call Participants

Stephen Kim - Evercore ISI
Truman Patterson - Wells Fargo
Michael Rehaut - JP Morgan
Alan Ratner - Zelman & Associates
Buck Horne - Raymond James
Jay McCanless - Wedbush

Operator

Good afternoon, and welcome to M.D.C. Holdings 2019 Second Quarter Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please also note this event is being recorded.

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

Derek Kimmerle

Thank you. Good morning, ladies and gentlemen, and welcome to M.D.C. Holdings 2019 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 condition, results of operation, cash flows, strategies and prospects, and responses to questions may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.