Hovnanian Enterprises' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Hovnanian Enterprises (HOV)

Q1 2012 Earnings Call

March 07, 2012 11:00 am ET

Executives

Jeffrey T. O'Keefe - Director of Investor Relations

Ara K. Hovnanian - Chairman, Chief Executive Officer and President

J. Larry Sorsby - Chief Financial Officer, Executive Vice President and Director

Brad G. O'Connor - Chief Accounting Officer, Vice President and Corporate Controller

Analysts

Alan Ratner - Zelman & Associates, Research Division

Andrew Casella - Imperial Capital, LLC, Research Division

Rob Hansen - Deutsche Bank AG, Research Division

Jason A. Marcus - JP Morgan Chase & Co, Research Division

Megan McGrath - MKM Partners LLC, Research Division

Kristen McDuffy - Goldman Sachs Group Inc., Research Division

Daniel Oppenheim - Crédit Suisse AG, Research Division

David Goldberg - UBS Investment Bank, Research Division

Joshua Pollard - Goldman Sachs Group Inc., Research Division

Alex Barrón - Housing Research Center, LLC

Susan Berliner - JP Morgan Chase & Co, Research Division

Joel Locker - FBN Securities, Inc., Research Division

Andrew Scheffer - Onex Credit Partners

Presentation

Operator

Good morning, and thank you for joining us today for Havnonian (sic) [Hovnanian] Enterprises Fiscal 2012 First Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months. This conference is being recorded for rebroadcast. [Operator Instructions] Management will make some opening remarks about the fourth quarter results and then open up the line for questions. The company will also be webcasting a slide presentation along with the opening comments from management. The slides are available on the investors page of the company's website at www.khov.com. Those listeners who would like to follow along should log on to the website at this time.

Before we begin, I would like to turn the call over to Jeff O'Keefe, Vice President, Investor Relations. Jeff, please go ahead.

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