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Meritage Homes' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Meritage Homes Corporation (MTH)

Q2 2012 Earnings Conference Call

July 26, 2012, 10:30 a.m. ET


Brent Anderson - VP, IR

Steve Hilton - Chairman and CEO

Larry Seay - EVP and CFO


Michael Rehaut - JP Morgan

Dan Oppenheim - Credit Suisse

Nishu Sood - Deutsche Bank

David Goldberg - UBS Securities

Steven Kim - Barclays Capital

Alan Ratner - Zelman & Associates

Jade Rahmani - KBW

Joshua Pollard - Goldman Sachs

Stephen East - ISI Group

Adam Rudiger - Wells Fargo Securities

Joel Locker - FBN Securities

Alex Barron - Housing Research Center



Good morning and welcome to the Meritage Homes Second Quarter 2012 conference call. All participants will be in a listen-only mode. (Operator Instructions) After today’s presentation there will be an opportunity to ask question. (Operator Instructions)

I’d now like to turn the conference over to Brent Anderson. Please go ahead.

Brent Anderson

Thank you, Emily. Good morning everyone I’d like to welcome to our analyst conference call today. Our second quarter 2012 ended June 30 and we issued a press release with our results before the market opened today. If you need a copy of the release with the slide that accompanies our webcast, you can find them on our website at or by selecting the investors link at the top of our home page.

Turning to Slide 2. Our statements during this call and the accompanying materials contain projections and forward-looking statements which are the current opinions of management and subject to change. We undertake no obligation to update these projections or opinion. Additionally, our actual results may be materially different than our expectations due to various risks factors. For information regarding these risk factors, please see our press release and our most recent filings with the Securities and Exchange Commission specifically our 2011 Annual Report on Form 10-K and our first quarter 10-Q. Today’s presentation also includes certain non-GAAP financial measures as defined by the SEC, to comply with SEC rules we have provided a reconciliation of these non-GAAP measures in our earnings press release.

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