M.D.C. Holdings, Inc. (NYSE:MDC) Q1 2022 Earnings Conference Call April 28, 2022 12:30 PM ET

Company Participants

Derek Kimmerle – Vice President and Corporate Controller

Larry Mizel – Executive Chairman

David Mandarich – Chief Executive Officer

Bob Martin – Chief Financial Officer

Conference Call Participants

Stephen Kim – Evercore ISI

Ivy Zelman – Zelman and Associates

Deepa Raghavan – Wells Fargo

Paul Sadowski – Wolfe Research

Jay McCanless – Wedbush Securities

Alex Barron – Housing Research Center

Operator

Hello. Welcome to the MDC Holdings 2022 First Quarter Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note today's event is being recorded.

I now would like to turn the conference over to Derek Kimmerle, Vice President and Corporate Controller. Mr. Kimmerle, please go ahead.

Derek Kimmerle

Thank you. Good morning, ladies and gentlemen, and welcome to the MDC Holdings 2022 first quarter earnings conference call. On the call with me today, I have Larry Mizel, our Executive Chairman; David Mandarich, Chief Executive Officer; and Bob Martin, Chief Financial Officer. At this time, all participants are in a listen-only mode. After finishing our prepared remarks, we will conduct a question-and-answer session, at which time we request that participants limit themselves to one question and one follow-up question. Please note that this conference is being recorded and will be available for replay. For information on how to access the replay, please visit our website at mdcholdings.com.

Before turning the call over to Larry and David, it should be noted that certain statements made during this conference call, including those related to MDC’s business, financial condition, results of operations, cash flows, strategies and prospects and responses to questions may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements involve known and unknown risks, uncertainties and other factors that may cause the company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. These and other factors that could impact the company’s actual performance are set forth in the company's first quarter 2022 Form 10-Q, which is expected to be filed with the SEC today. It should also be noted that SEC Regulation G requires that certain information accompany the use of non-GAAP financial measures. Any information required by Regulation G is posted on our website with our webcast slides.