Lennar Corporation (LEN) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.035 Welcome to Lennar's third quarter earnings conference call. 00:00:03.035 -- 00:00:05.858 At this time, all participants are in a listen-only mode. 00:00:05.858 -- 00:00:09.002 After the presentation, we will conduct a question and answer session. 00:00:09.002 -- 00:00:12.427 Today's conference is being recorded. If you have any objections, you may disconnect 00:00:12.427 -- 00:00:16.732 at this time. I will now turn the call over to David Collins for the reading of the forward-looking 00:00:16.732 -- 00:00:18.334 statement. 00:00:18.334 -- 00:00:22.760 Thank you, and good morning, everyone. Today's conference call may include forward-looking 00:00:22.760 -- 00:00:27.506 statements, including statements regarding Lennar's business, financial condition, results 00:00:27.506 -- 00:00:31.624 of operations, cash flows, strategies, and prospects. 00:00:31.624 -- 00:00:35.710 Forward looking statements represent only Lennar's estimates on the date of this conference 00:00:35.710 -- 00:00:41.418 call and are not intended to give any assurance as to actual future results. 00:00:41.418 -- 00:00:45.264 Because forward looking statements relate to matters that have not yet occurred, these 00:00:45.264 -- 00:00:48.929 statements are inherently subject to risks and uncertainties. 00:00:48.929 -- 00:00:53.195 Many factors could affect future results and may cause Lennar's actual activities or 00:00:53.195 -- 00:00:58.467 results to differ materially from the activities and results anticipated in forward-looking 00:00:58.467 -- 00:01:03.693 statements. These factors include those described in our earnings release and our 00:01:03.693 -- 00:01:08.839 SEC filings, including those under the caption, risk factors, contained in Lennar's 00:01:08.839 --...