DR Horton (DHI) Q2 2012 Earnings Call April 23, 2012 10:00 am ET Executives Donald J. Tomnitz - Vice Chairman, Chief Executive Officer, President and Member of Executive Committee Stacey H. Dwyer - Executive Vice President, Treasurer and In Charge of Investor Relations Mike Murray - Bill W. Wheat - Chief Financial Officer, Principal Accounting Officer and Executive Vice President Analysts Adam Rudiger - Wells Fargo Securities, LLC, Research Division David Goldberg - UBS Investment Bank, Research Division Michael Rehaut - JP Morgan Chase & Co, Research Division Daniel Oppenheim - Crédit Suisse AG, Research Division Kenneth R. Zener - KeyBanc Capital Markets Inc., Research Division Nishu Sood - Deutsche Bank AG, Research Division Stephen F. East - ISI Group Inc., Research Division Anto Savarirajan - Goldman Sachs Group Inc., Research Division Jade J. Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division Joel Locker - FBN Securities, Inc., Research Division Megan McGrath - MKM Partners LLC, Research Division James McCanless - Guggenheim Securities, LLC, Research Division Michael R. Widner - Stifel, Nicolaus & Co., Inc., Research Division Stephen Kim - Barclays Capital, Research Division Alex Barrón - Housing Research Center, LLC Unknown Analyst Timothy Jones Jack Micenko - Susquehanna Financial Group, LLLP, Research Division PresentationOperator
Good morning, and welcome to D.R. Horton, America's Builder, the largest builder in the United States, Second Quarter 2012 Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Donald J. Tomnitz, President and CEO. Thank you, Mr. Tomnitz. You may begin. Donald J. Tomnitz Thank you, and good morning. Joining me this morning are Bill Wheat, Executive Vice President and CFO; Stacey Dwyer, Executive Vice President and Treasurer and Mike Murray, Vice President and Controller.