Operator

Good morning, and welcome to the Toll Brothers Second Quarter Fiscal Year 2026 Conference Call. [Operator Instructions] The company is planning to end the call at 9:30 when the market opens. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Doug Yearley, Executive Chairman. Please go ahead.

Douglas Yearley
Executive Chairman

Thank you, Bailey. Good morning. Welcome, and thank you all for joining us. With me today are Karl Mistry, Chief Executive Officer; Gregg Ziegler, Chief Financial Officer; Rob Parahus, President and Chief Operating Officer; and Wendy Marlett, Chief Marketing Officer.

We are also joined today by Seth Ring, who will succeed Rob as President and Chief Operating Officer when Rob retires on June 30 and transitions to his new role as a Senior Adviser to the company.

Rob has been an invaluable leader and contributor to the company's growth and transformation over the past 4 years, and I wish him well in his retirement. He has always done a great job of helping to mentor the next generation of leadership, working closely with Seth to prepare him for his new role.

Seth is a proven leader