Toll Brothers, Inc. (NYSE:TOL) Q4 2022 Earnings Conference Call December 7, 2022 8:30 AM ET

Company Participants

Douglas Yearley - Chief Executive Officer

Martin Connor - Chief Financial Officer

Rob Parahus - President and Chief Operating Officer

Fred Cooper - Senior Vice President, Finance and Investor Relations

Wendy Marlett - Chief Marketing Officer

Gregg Ziegler - Senior Vice President and Treasurer

Conference Call Participants

Michael Rehaut - JPMorgan

Stephen Kim - Evercore ISI

Alan Ratner - Zelman & Associates

Paul Przybylski - Wolfe Research

Michael Dahl - RBC Capital Markets

Operator

Good morning, and welcome to the Toll Brothers Fourth Quarter Earnings Conference Call. [Operator Instructions] The company is planning to end the call at 9:30 when the market opens. During the Q&A, please limit yourself to one question and one follow up. Please note this event is being recorded.

I would now like to turn the conference over to Douglas Yearley, CEO. Please go ahead.

Douglas Yearley

Thank you, Jason. Good morning. Welcome, and thank you all for joining us. Before I begin, I ask you to read our statement on forward-looking information in our earnings release of last night and on our website. I caution you that many statements on this call are forward-looking based on assumptions about the economy, world events, housing and financial markets, interest rates, the availability of labor and materials, inflation and many other factors beyond our control that could significantly affect future results.

With me today are Marty Connor, Chief Financial Officer; Rob Parahus, President and Chief Operating Officer; Fred Cooper, Senior VP of Finance and Investor Relations; Wendy Marlett, Chief Marketing Officer; and Gregg Ziegler, Senior VP and Treasurer. One person who is not with us today is Bob Toll. Bob passed away in early October at the age of 81 and this is the first time in the 56 years since Toll Brothers was founded back in 1967 that we look to a new year without him. About 500 of us gathered in November to honor Bob at our headquarters with thousands more watching on Zoom. The event was attended by national business and political leaders and by the first subcontractors who worked with Bob in the 1960s, '70s and '80s. Friends from the Philadelphia area he had known since childhood attended, along with dozens of his family members. It was a fitting tribute to a one-of-a-kind leader and a man who helped shape this industry for decades. Although he is no longer with us, Toll Brothers will always be Bob's company. We miss him very much.