D.R. Horton, Inc. (NYSE:DHI) Q1 2025 Earnings Conference Call January 21, 2025 8:30 AM ET

Company Participants

Jessica Hansen - SVP, IR and Communications
Paul Romanowski - President and CEO
Michael Murray - EVP and COO
Bill Wheat - EVP and CFO

Conference Call Participants

John Lovallo - UBS
Alan Ratner - Zelman & Associates
Stephen Kim - Evercore ISI
Carl Reichardt - BTIG
Michael Rehaut - JPMorgan
Matthew Bouley - Barclays
Sam Reid - Wells Fargo
Eric Bosshard - Cleveland Research
Anthony Pettinari - Citi
Mike Dahl - RBC Capital Markets
Ken Zener - Seaport Research Partners
Rafe Jadrosich - Bank of America
Trevor Allinson - Wolfe Research
Buck Horne - Raymond James
Susan Maklari - Goldman Sachs
Alex Barron - Housing Research Center
Jade Rahmani - KBW

Operator

Good morning and welcome to the First Quarter 2025 Earnings Conference Call for D.R. Horton, America's builder, the largest builder in the United States. At this time all participants are in a listen-only mode. A question-and-answer session will follow the form of presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the call over to Jessica Hansen, Senior Vice President of Communications for D.R. Horton.

Jessica Hansen

Thank you, Paul, and good morning. Welcome to our call to discuss our financial results for the first quarter of fiscal 2025. Before we get started, today's call includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Although D.R. Horton believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different.

All forward-looking statements are based upon information available to D.R. Horton on the date of this conference call, and D.R. Horton does not undertake any obligation to publicly update or revise any forward-looking statements. Additional information