Lennar Corporation (LEN) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.774 Welcome to Lennar's first quarter earnings conference call. 00:00:02.774 -- 00:00:05.617 At this time, all participants are in a listen-only mode. 00:00:05.617 -- 00:00:08.921 After the presentation, we will conduct a question and answer session. 00:00:08.921 -- 00:00:12.365 Today's conference is being recorded. If you have any objections, you may disconnect 00:00:12.365 -- 00:00:16.449 at this time. I will now turn the call over to David Collins for the reading of the forward-looking 00:00:16.449 -- 00:00:18.171 statement. 00:00:18.171 -- 00:00:22.516 Thank you, and good morning, everyone. Today's conference call may include forward-looking 00:00:22.516 -- 00:00:25.597 statements, including statements regarding 00:00:25.597 -- 00:00:30.844 financial condition, results of operations, cash flows, strategies, and prospects. 00:00:30.844 -- 00:00:34.670 Forward-looking statements represent only Lennard's estimates on the date of this conference 00:00:34.670 -- 00:00:40.157 call and are not intended to give any assurance as to actual future results. 00:00:40.157 -- 00:00:44.103 Because forward-looking statements relate to matters that have not yet occurred, these 00:00:44.103 -- 00:00:47.728 statements are inherently subject to risks and uncertainties. 00:00:47.728 -- 00:00:52.274 Many factors could affect future results and may cause Lennard's actual activities or 00:00:52.274 -- 00:00:57.368 results to differ materially from the activities and results anticipated in forward-looking 00:00:57.368 -- 00:01:02.474 statements. These factors include those described in our earnings release and our 00:01:02.474 -- 00:01:07.639 SEC filings, including those under the caption, risk factors, contained in Lennar's 00:01:07.639 -- 00:01:12.385 ann...