Lennar
Q1 2023 Earnings Call
Mar 15, 2023, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to Lennar's first quarter earnings conference call. [Operator instructions] 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 would now like to turn the call over to David Collins for the reading of the forward-looking statement.
David Collins -- Corporate Controller
Thank you and good morning, everyone. 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 Lennar's estimates on the date of this conference call and are not intended to give any assurance as to actual future results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.
Many factors could affect future results and may cause Lennar's actual activities or results to differ materially from the activities and results anticipated in forward-looking statements. These factors include those described in our earnings release and our SEC filings, including those under the caption Risk Factors contained in Lennar's annual report on Form 10-K, most recently filed with the SEC. Please note that Lennar assumes no obligation to update any forward-looking statements.
Questions & Answers:
Operator
I would now like to introduce your host, Mr. Stuart Miller, executive chairman. Sir, you may begin.
Stuart Miller -- Executive Chairman
Thank you and good morning, everyone. Thank you for joining us this morning. I'm here in Miami and joined by Rick Beckwitt, our co-CEO and co-president; Jon Jaffe, co-CEO and co-president; Diane Bessette, our chief financial officer; David Collins, who you just heard from, our controller and vice president; and Bruce Gross, our CEO of Lennar Financial Services. There are other executives here with us as well.
As usual, I'm going to give a macro and strategic overview of the company. After my introductory remarks, Rick is going to walk through our markets around the country and comment on our land strategy, and then Jon is going to update construction costs, supply chain, and cycle time. As usual, Diane will give additional financial highlights and will give some rough boundaries, not guidance, just boundaries given volatility in the market, for the second quarter to assist in forward thinking and modeling. And then we'll answer as many questions as we can.