The Ryland Group's CEO Discusses Q2 2012 Results - Earnings Call Transcript

The Ryland Group Inc., (RYL)

Q2 2012 Earnings Call

July 26, 2012 12:00 pm ET

Executives

Drew Mackintosh - VP, IR

Larry Nicholson - CEO

Gordon Milne - EVP & CFO

Dave Fristoe - SVP & Controller

Analysts

Michael Rehaut - JPMorgan

Alan Ratner - Zelman & Associates

Adam Rudiger - Wells Fargo Securities

Joel Locker - FTN Securities

Anto Savarirajan - Goldman Sachs

Megan McGrath - MKM Partners

David Oppenheim - Credit Suisse

Nishu Sood - Deutsche Bank

David Goldberg - UBS

Alex Barron - Housing Research Center

Ken Zener - Key Bank

Paul Robusky - ISI Group

Buck Horne - Raymond James

Joshua Pollard - Goldman Sachs

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Ryland Group Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions). As a reminder, today’s call is being recorded.

I would now like to turn the conference over to your host Mr. Drew Mackintosh. You may begin.

Drew Mackintosh

Thank you. Good morning and welcome to Ryland’s second quarter 2012 earnings call. Today’s call is being transmitted live over the Internet and can be accessed through Ryland’s Investor Relation section of the website at www.ryland.com.

In a moment I’ll be turning over the conference call to Larry Nicholson, Ryland’s Chief Executive Officer. Also joining us today are Gordon Milne, Executive Vice President and Chief Financial Officer; and Dave Fristoe, Senior Vice President and Controller.

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