Lennar Corporation

Please stand by, the conference will begin shortly. Again, please stand by, the conference will begin shortly. Thank you. Welcome to Lennar's fourth quarter earnings conference call. At this time, all participants are in a listen-only mode. After the presentation, we will conduct a question and answer session. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I will now turn the call over to Alex Blumpkin for the reading of the forward-looking statement.

Thank you and good morning. Today's conference call may include forward-looking statements, including statements regarding Lennar's business, financial condition, results of operations, cash flows, strategies, and prospects. Forward-looking statements represent only Lenard's estimates on the date of this conference call and are not any assurance as to actual future results. Because forward-looking statements relate to matters that have not yet occurred, these statements are risk and uncertainties. Many factors could affect future results and may cause LNAR's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in yesterday's FACTS release and are evidence-based filings, including those under the caption, Risk Factors, contained in LNAR's annual report on Form 10-K most recently filed with the SEC. Please note that LNAR seems no obligation to update any forward-looking statements.

I would now like to introduce your host, Mr. Stuart Miller, Executive Chairman, so you may begin.