M.D.C. Holdings, Inc. (MDC) Q1 2023 Earnings Call Transcript

M.D.C. Holdings, Inc. (NYSE:MDC) Q1 2023 Earnings Convention Name Might 2, 2023 12:30 PM ET

Firm Members

Derek Kimmerle – VP & Chief Accounting Officer

Larry Mizel – Govt Chairman

David Mandarich – CEO

Bob Martin – CFO

Convention Name Members

Truman Patterson – Wolf Analysis

Alan Ratner – Zelman and Associates

Buck Horne – Raymond James & Associates

Alex Barron – Housing Analysis Middle


Good day, and welcome to M.D.C. Holdings 2023 First Quarter Earnings Convention Name. All individuals shall be in listen-only mode. [Operator Instructions]. After immediately’s presentation, there shall be a chance to ask questions. [Operator Instructions]. Please observe this occasion is being recorded.

I’d now like to show the convention over to Derek Kimmerle, Chief Accounting Officer. Please go forward.

Derek Kimmerle

Thanks. Good morning, women and gents, and welcome to M.D.C. Holdings 2023 first quarter earnings convention name. On the decision with me immediately, I’ve Larry Mizel, our Govt Chairman; David Mandarich, Chief Govt Officer; and Bob Martin, Chief Monetary Officer. Presently, all individuals are in a listen-only mode.

After ending our ready remarks, we are going to conduct a question-and-answer session, at which period we request that individuals restrict themselves to 1 query and one follow-up query. Please observe that this convention is being recorded and shall be out there for replay. For data on easy methods to entry the replay, please go to our web site at mdcholdings.com.

Earlier than turning the decision over to Larry and David, it ought to be famous that sure statements made throughout this convention name, together with these associated to MDC’s enterprise, monetary situation, outcomes of operations, money flows, methods and prospects and responses to questions could include forward-looking statements throughout the that means of the Non-public Securities Litigation Reform Act of 1995.

These statements contain recognized and unknown dangers, uncertainties and