Lennar Corporation (LEN) CEO Rick Beckwitt on Q2 2022 Results - Earnings Call Transcript

Jun. 21, 2022 5:38 PM ETLennar Corporation (LEN), LEN.B
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Lennar Corporation (NYSE:LEN) Q2 2022 Earnings Conference Call June 21, 2022 11:00 AM ET

Company Participants

Alexandra Lumpkin - Deputy General Counsel

Stuart Miller - Executive Chairman

Rick Beckwitt - Co-Chief Executive Officer & President

Jon Jaffe - Co-Chief Executive Officer & President

Diane Bessette - CFO

Conference Call Participants

Stephen Kim - Evercore ISI

Buck Horne - Raymond James

Truman Patterson - Wolfe Research

Alan Ratner - Zelman & Associates

Mike Rehaut - JPMorgan

Susan Maklari - Goldman Sachs

Operator

Welcome to Lennar’s Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question-and-answer session. 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 Alexandra Lumpkin for the 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 actual future results. As 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.

Operator

I would now like to introduce your host, Mr. Stuart Miller, Executive Chairman. Sir, you

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