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 PresentationOperator
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.