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 PresentationOperator
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.