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July 27, 2012 12:00 pm ET
Scott D. Stowell - Chief Executive Officer, President, Director and Chairman of Executive Committee
Jeffrey J. McCall - Chief Financial Officer, Principal Accounting Officer and Executive Vice President
Dennis McGill - Zelman & Associates, Research Division
David Goldberg - UBS Investment Bank, Research Division
Michael Rehaut - JP Morgan Chase & Co, Research Division
Adam Rudiger - Wells Fargo Securities, LLC, Research Division
Michael S. Kim - CRT Capital Group LLC, Research Division
Kristen McDuffy - Goldman Sachs Group Inc., Research Division
Alex Barrón - Housing Research Center, LLC
Joel Locker - FBN Securities, Inc., Research Division
Good morning, and welcome to the Standard Pacific Homes 2012 Second Quarter Conference Call. Today's conference is being recorded. Before we begin, I would like to direct your attention to the company's Safe Harbor statement to remind you that this conference call contains forward-looking statements, including statements concerning future financial and operational performance. Actual results may differ materially from those projected in the forward-looking statements. For additional information regarding factors that could cause actual results to differ materially from those contained in the forward-looking statements, please see the company's SEC filings, including reports on Form 10-K and Form 10-Q under the heading, Risk Factors. A question-and-answer period will follow today's prepared remarks. A recording of today's presentation will be available for replay a few hours after this call ends and will continue to be available on the company's website for 30 days. At this time, I would like to turn the call over to Mr. Scott Stowell, CEO and President. Please go ahead, sir.
Scott D. Stowell
Thank you, David, and good morning, everyone. With me this morning are Jeff McCall, our Chief Financial Officer; and Mr. John Babel, our General Counsel. I want to thank all of you for taking the time to join us today for the Standard Pacific Homes second quarter update.