PulteGroup Management Discusses Q2 2012 Results - Earnings Call Transcript

PulteGroup (PHM)

Q2 2012 Earnings Call

July 26, 2012 8:30 am ET

Executives

James P. Zeumer - Vice President of Investor and Corporate Communications

Richard J. Dugas - Chairman, Chief Executive Officer, President and Member of Finance & Investment Committee

Robert T. O'shaughnessy - Chief Financial Officer and Executive Vice President

Michael J. Schweninger - Principal Accounting Officer, Vice President and Controller

Analysts

Michael Rehaut - JP Morgan Chase & Co, Research Division

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

Daniel Oppenheim - Crédit Suisse AG, Research Division

David Goldberg - UBS Investment Bank, Research Division

Stephen Kim - Barclays Capital, Research Division

Nishu Sood - Deutsche Bank AG, Research Division

Joshua Pollard - Goldman Sachs Group Inc., Research Division

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

Dennis McGill - Zelman & Associates, Research Division

Will Randow - Citigroup Inc, Research Division

Adam Rudiger - Wells Fargo Securities, LLC, Research Division

Megan McGrath - MKM Partners LLC, Research Division

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to the Second Quarter 2012 PulteGroup Incorporated Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Jim Zeumer. You may proceed.

James P. Zeumer

Thanks, Frances. This Jim Zeumer, Vice President, Investor Relations for PulteGroup, and I want to thank everyone for participating in today's call to discuss our second quarter 2012 financial results. On the call today are Richard Dugas, Chairman, President and CEO; Bob O'shaughnessy, Executive Vice President and Chief Financial Officer; Mike Schweninger, Vice President and Controller. Before we begin, copies of this morning's press release and the presentation slides that accompanies today's call have been posted on our corporate website at pultegroupinc.com. Further, an audio replay of today's call will also be available on the site later today. Also, please note that any non-GAAP financial measures discussed on this call, including references to gross margins reflecting certain adjustments, are reconciled to the U.S. GAAP equivalent as part of the press release and as an appendix to the cost presentation deck.

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