Earnings Call Excerpt
Standard Pacific Corp. (SPF)
Q4 2008 Earnings Call
February 17, 2009 11:00 am ET
Executives
Kenneth Campbell III – Chairman, President and Chief Executive Officer
Andrew H. Parnes – Chief Financial Officer and Executive Vice President, Finance
Scott Stowell – Chief Operating Officer
Analysts
Ivy Zelman – Zelman & Associates
Michael Rehaut – JP Morgan
Dave Goldberg – UBS
Larry Taylor – Credit Suisse
Susan Berliner – JP Morgan
Joel Locker – FTN Securities
Alex Barron – Agency Trading Group
Buck Horne – Raymond James
[Cheryl VanWinkle] – [Independence United]
[Keith Limey] – Goldman Sachs
Presentation
Operator
Good afternoon and welcome to the Standard Pacific Homes fourth quarter conference call. This conference is being recorded. At this time I'd like to turn the conference over to Mr. Andy Parnes, Executive Vice President and Chief Financial Officer. Please go ahead, sir.
Andrew H. Parnes
Thank you and good morning. Our formal presentation will be followed by a question-and-answer period. Now I'm going to read a notice regarding forward-looking statements. This conference call and the accompanied slide presentation contain forward-looking statements. Such forward-looking statements may include but are not limited to statements about our outlook, markets, tax refunds, cost reductions, expected absorption rates and pricing, borrowing capacity, liquidity for our joint venture needs, expected joint venture loan pay downs, and potential re-margin obligations and unwinds, number of spec homes and orders in backlog.
In general any statements contained in these materials that are not statements of historical fact should be considered forward-looking statements. We assume no obligation to update these or any other forward-looking statements.
We caution you that forward-looking statements involve risks and uncertainties and there are a number of factors that could cause our actual results to differ materially from those that are contained in or implied by these statements. These factors include but are not limited to local and general economic and market conditions, including consumer confidence, employment rates, interest rates the availability of mortgage financing and the supply of homes for sale in the market.
These and other risks are discussed in our press release on February 13, 2009. We refer you to this press release and our most recent annual report on 10-K and quarterly report on 10-Q for further information.
The recorded presentation will be available for replay today an hour after this call ends and will continue to be available until March 20, 2009. The audio portion may also be replayed by dialing 888-203-1112 and entering pass code number 7018740.
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