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DR Horton's CEO Discusses Q2 2012 Results - Earnings Call Transcript

DR Horton (DHI)

Q2 2012 Earnings Call

April 23, 2012 10:00 am ET

Executives

Donald J. Tomnitz - Vice Chairman, Chief Executive Officer, President and Member of Executive Committee

Stacey H. Dwyer - Executive Vice President, Treasurer and In Charge of Investor Relations

Mike Murray -

Bill W. Wheat - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Analysts

Adam Rudiger - Wells Fargo Securities, LLC, Research Division

David Goldberg - UBS Investment Bank, Research Division

Michael Rehaut - JP Morgan Chase & Co, Research Division

Daniel Oppenheim - Crédit Suisse AG, Research Division

Kenneth R. Zener - KeyBanc Capital Markets Inc., Research Division

Nishu Sood - Deutsche Bank AG, Research Division

Stephen F. East - ISI Group Inc., Research Division

Anto Savarirajan - Goldman Sachs Group Inc., Research Division

Jade J. Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division

Joel Locker - FBN Securities, Inc., Research Division

Megan McGrath - MKM Partners LLC, Research Division

James McCanless - Guggenheim Securities, LLC, Research Division

Michael R. Widner - Stifel, Nicolaus & Co., Inc., Research Division

Stephen Kim - Barclays Capital, Research Division

Alex Barrón - Housing Research Center, LLC

Unknown Analyst

Timothy Jones

Jack Micenko - Susquehanna Financial Group, LLLP, Research Division

Presentation

Operator

Good morning, and welcome to D.R. Horton, America's Builder, the largest builder in the United States, Second Quarter 2012 Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Donald J. Tomnitz, President and CEO. Thank you, Mr. Tomnitz. You may begin.

Donald J. Tomnitz

Thank you, and good morning. Joining me this morning are Bill Wheat, Executive Vice President and CFO; Stacey Dwyer, Executive Vice President and Treasurer and Mike Murray, Vice President and Controller.

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