Earnings Call Excerpt
Meritage Homes Corp. (MTH)
Q4 2008 Earnings Call
January 29, 2009 11:00 am ET
Executives
Brent Anderson – Vice President, Investor Relations
Steven J. Hilton – Chairman and Chief Executive Officer
Larry W. Seay – Chief Financial Officer and Executive Vice President
Analysts
Nishu Sood – Deutsche Bank
David Goldberg – UBS
James Wilson – JMP Securities
Eric Landry – Morningstar
Carl Reichardt – Wachovia Capital Markets
Joel Locker – FBN Securities
Lee Bradding – Wachovia
Daniel Oppenheim – Credit Suisse
[Timothy Jones] – [Wasserman & Associates]
Presentation
Operator
Good morning, my name is [Sarah] and I will be your conference operator today. At this time I would like to welcome everyone to the Meritage Homes fourth quarter and full year 2008 Conference Call. (Operator Instructions). Thank you, Mr. Anderson you may begin your conference.
Brent Anderson
Thank you [Sarah]. Good morning everyone. I would like to welcome you to the Meritage Homes Fourth Quarter and Full Year 2008 Earnings Call and webcast. Our quarter ended on December 31st and we issued our press release yesterday with our results for the quarter and fiscal the year.
If you need a copy of the release you can find it on our Web site at www.meritagehomes.com on the investor relations page, along with the slides that will accompany our webcast today. Please refer to slide two of our presentation.
Our statements during this call and the accompanying materials contain projections and forward-looking statements which are the current opinions of management and subject to change. We undertake no obligation to update these projections or opinions.
Additionally, our actual results may be materially different than our expectations due to various risk factors. For information regarding those risk factors, please see our press release and our most recent filings with the Securities and Exchange Commission, specifically our 2007 annual report on form 10-K and our latest report on form 10-Q.
Today’s presentation also includes certain non-GAAP financial measures as defined by the SEC. To comply with their rules we have provided a reconciliation of the non-GAAP measures in our earnings press release.
With me today on the call to discuss our quarter are Steve Hilton, Chairman and CEO of Meritage Homes, and Larry Seay our Executive Vice President and CFO. We’ll keep our call to about 50 minutes this morning so that we end before noon Eastern Time.
I’ll now turn it over to Mr. Hilton to review our fourth quarter results. Steve?
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