LGI Homes, Inc. (NASDAQ:LGIH) Q1 2023 Earnings Conference Call May 2, 2023 12:30 PM ET

Company Participants

Josh Fattor - Vice President, Investor Relations

Eric Lipar - Chief Executive Officer and Chairman

Charles Merdian - Chief Financial Officer and Treasurer

Conference Call Participants

Michael Rehaut - JPMorgan

Jay McCanless - Wedbush

Carl Reichardt - BTIG

Operator

Welcome to the LGI Homes First Quarter 2023 Conference Call. Today's call is being recorded, and a replay will be available on the company's website at www.lgihomes.com. After management's prepared comments, there will be an opportunity to ask questions. [Operator Instructions]

At this time, I'll turn the call over to Josh Fattor, Vice President of Investor Relations and Capital Markets.

Josh Fattor

Thanks, and good afternoon. I'll remind listeners that this call contains forward-looking statements, including management's views on our business strategy, outlook, plans, objectives and guidance for 2023. Such statements reflect management's current expectations and involve assumptions and estimates that are subject to risks and uncertainties that could cause management's expectations to prove to be incorrect. You should review our filings with the SEC for a discussion of the risks, uncertainties and other factors that could cause actual results to differ from those presented today. All forward-looking statements must be considered in light of those related risks, and you should not place undue reliance on such statements, which reflect management's current viewpoints and are not guarantees of future performance.

On this call, we'll discuss non-GAAP financial measures that are not intended to be considered in isolation or as substitute for financial information presented in accordance with GAAP. Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be found in the press release we issued this morning and in our quarterly report on Form 10-Q for the quarter ended March 31, 2023, that we expect to file with the SEC later today. This filing will be accessible on the SEC's website and in the Investor Relations section of our website.

I'm joined on today's call by Eric Lipar, LGI Homes Chairman and Chief Executive Officer; and Charles Merdian, Chief Financial Officer and Treasurer.

I'll now turn the call over to Eric.

Eric Lipar

Thanks, Josh. Good afternoon, and welcome to our earnings call. Before we get into the details of the first quarter, I want to take a moment to talk about our history. As a company, we've achieved many milestones and accomplishments, and we recently celebrated one of our biggest, our 20th anniversary as a homebuilder.