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Projects underway included new Peanuts content for Apple TV+, a new Johnny Test original series for Netflix as well as projects for DreamWorks, LEGO and Mattel.

In car electrification, during the quarter, we won several sockets for automotive-grade diodes for onboard chargers at major Tier 1s and OEMs, as well as a project with high-voltage silicon MOSFETS for inverters and charging stations.

My follow-up question is one of the things that you indicated in your year ago analyst meeting was the desire to push up new product, sales planning and development by about -- I think it was by about 150 basis points over a several year period.

Meanwhile, for the Dabai Auto business, we expect the number of vehicles sold during the full year 2018 to be between 25,000 to 30,000, down from the previous guidance of 100,000 units, as we focus on [ intensifying ] profitability.

Comments that are not a statement of fact, including projections of future earnings, revenue, gross auction proceeds or other items are considered forward-looking and involve risks and uncertainties.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include changes in the timing, amount of revenues that may be recognized by the Corporation, changes in current revenue and expense trends, changes in the Corporation's market and changes in the economy.

2015 Tier 2 revenue is expected to slightly decline while our revenue generated from prime and Tier 1-type contracts are expected to substantially grow in 2015 as compared to 2014.

In the second quarter, we continue to make progress against our goals, executing subleases in San Francisco as well as Seattle.

We paid $31.8 million to acquire tendered shares, and assumed an additional $1.8 million liability on behalf of the previous shareholder.

Let’s go to slide number four and let me start by giving you a summary recap of what Dave just covered before going into the business segments, then talking more about the outlook for the rest of the year.

So in effect, we believe purchase accounting had a significant impact on the non-accrual growth rate this year, and the impact of the credit deterioration in non-accruals has actually been much less significant than what is implied by our reported growth rate.The $2.7 billion increase in commercial and commercial real estate non-accrual loans in the third quarter was down from the $3.1 billion increase in the second quarter.

With all the international operations we've added, with what we expect to do with clinical study enrollment and clinical trials, marketing initiatives that we have, I think we could -- you could see more growth than what you're thinking about in terms of operating expense.

And we do believe that no structural longer-term will be simplified, will cost us less, will make a lot easier to do business.

Strategically, we think it's been really, really good for 2U, but that has driven complexity in our ability to both operate and forecast the business.

We'll begin by looking at corporate and our corporate availability remains very strong with December 31, 2010, and it breaks down as about 50 million of cash available out of our banks which we have left and borrowing capacity of about $450 million's we have the liquidity of $500 million to continue to grow our company and to support our repurchase program.

We are monitoring our net commitments as it relates to these facilities to ensure significant capacity remains to provide Regency with sleep-at-night security.

Pricing continues to be stable and revenue churn remained consistent within our historical range -- annual range of between 0.5 and 0.75 per month on average.

We met our 3-year objective to organically grow this key franchise to record levels, even as the volume of sub-billion dollar U.S M&A transactions fell by almost 10% in 2016 industry wide.

This construct should have a number of advantages over our previous BLT vaccines, including purity and stability and, importantly, we believe the ability to stimulate broadly-neutralizing antibodies.

We will also research on the customers as well as the centralized purchase of engineering projects so that we can keep improving the efficiency as well as the product competitiveness.

The increased [ cautiousness ] in the overall market could lead to postponement of some upcoming projects.

In 2018, we expect our pro forma gross profit margin to be within a range of between 70% and 71.5% net revenue.

And then on the capital spending outlook from here, when you sort of aggregate what was required from the PCs around broadband deployment?

We scored several product wins as well, including achieving FedRAMP certification for Trello Enterprise, strengthening our partnership with Slack, launching Atlassian Ventures, closing -- and closing the Mindville acquisition, which accelerates our ability to offer customers a comprehensive ITSM experience.

How much of that slowdown to the low teens is just the fact that you kind of pull-forward business in the first half, or had a stronger first half than expected, versus the low teens being the new normal?

Similar to every year, we're expecting to carry some winter product through spring and summer with the expectation of selling it next fall.

With that, I'll turn it over to Scott, who will take us through our Q4 performance and a more detailed review of our operational and financial performance for the quarter and our projections for 2023.

Okay, when I look at the consumer business, if you look at the gross profit less the marketing expense, it actually beat our forecast.

And you still feel confident that your manufacturing can stay -- and your scale up your manufacturing can stay well ahead of any demands from Sanofi or anyone else and that it takes them longer to validate and it does takes you to pull in and a new line?

In terms of tailwind, we have taken actions to lower distribution and administrative costs next year, and believe we can achieve savings that will offset a second portion of the operating in impact we expects for minimum MOR requirements in other areas.

And should we expect a higher-than-normal volatility in quarterly orders going forward, at least in the next couple of quarters?

Variable income automatically decreased as well, while the occupancy contraction remained limited.

And also, as mentioned, we do have those deferral benefits with the agreement of our partners on the out payment side and 0, we're not expecting any income tax installments for the balance of the year.

We expect usual capital expenditures for machine renewing equipment of approximately [ $40 ]million for the full year.

Because, I think, you've mentioned last quarter that you had some innovation come in, and I assume you still think this is just part of a cycle rather than a long-term market change.

To wrap up, we enjoyed a strong start for 2012 with growth in all businesses, continued to expect solid year-over-year growth, higher [ph] recovery in our whole [ph] data processing business.

For the full year, we expect a net loss of $126 million to $91 million, and adjusted EBITDA of $325 million to $375 million.

In distribution and services, while the U.S. oil field will present some temporary challenges and reduced returns in the near future, we remain optimistic for the long-term outlook for our oil and gas related businesses.

And the other one is some discontinuations we did on Sensible Portions, on products that were not hitting our margin targets, specifically, some private label products.

If any of that kind of acquisition could happen, for example, this year, I don't believe that it would have an impact on our dividend, our distribution policy remains the same.

Our forecast of 20% for the full year is associated with the fact that the U.S. R&D tax credit has now been renewed and that's where we are forecasting at this time.

I'll briefly address where had some revenues softness in the quarter versus our plans as well as our plans to accelerate growth from here.

I'll also provide an update on our AI product development and new customer wins as well as our business outlook.

We are revising our 2015 rental and management segment revenue outlook to $4.65 billion at the midpoint, which reflects additional foreign currency translation effects of about $56 million relative to our prior outlook due to the strengthening dollar, which will be largely offset by organic outperformance of our legacy international assets of around $5 million; additional straight line revenue of about $16 million, principally due to our newly executed master lease agreement in Mexico with AT&T; additional pass-through revenue of about $10 million versus our prior outlook; and about $5 million in additional revenue from the 1,125 TIM Brazil sites we closed on September 30.

We're going to recover our production, and we hope that industrially, we can guarantee production.

We premanufactured incoming orders for machines to make sure to be able to deliver and install as much as possible within the remaining months of fiscal year '19, and as a consequence, turn the orders into revenue.

Or will that just become kind of less important as Rochester gets expanded and then eventually, you bring on a larger Silvertip?

For the third quarter of 2017, the board declared a dividend of $0.32 per common share, which reflects our ongoing balanced approach to capital management and commitment to providing shareholders with stable returns.

Over time, we plan to increase investment in our innovation engines to improve the quadruple aim at our customers and to expand our market opportunity.

And net income attributable to owners of parent is expected to improve by JPY 57.6 billion to JPY 700.0 billion, reaching record earnings for the second consecutive period.

I'll also outline our ongoing programs, how these programs are evolving and additional indications we may investigate in the future.

Our strong balance sheet and liquidity places us in a strong position to pursue future accretive growth opportunities without the need to raise additional equity.

Now, turning briefly to Regal’s fourth quarter results we are pleased to report the following quarterly highlights.

Looking forward, as we enter the third quarter, we are encouraged that orders remain up year-over-year across all 3 reporting segments.

We anticipate mortgage production will be another source of strength during the summer months.

If it happens, then we can actually hope for a better performance, because I believe that we did a pretty good job in 2013 in making the bank stronger in times of capital, in terms of liquidity, in terms of investments in technology.

We feel this is a game-changer in this space, and we have taken long positions on this product to meet more expected contract wins.

And just remind you that, for example, a little more than 500 projects executed by Aecon are inferior to $15 million in total revenue.

And as you think about the future, are there other areas or amenities that your customers or your members are asking for that are a little bit outside the box that you're kind of thinking through that could be more impactful for them as you continue to think through of innovative ways to kind of continue to grow more things for those members to keep them happy and talk about those benefits to other potential members in the future?

The other income is expected to book a loss of JPY 12 billion, leading to ordinary income of JPY 430 billion, down JPY 15.6 billion or 3.5% versus adjusted actual in the previous fiscal year.

So balance that you're expecting INR 600 crores from other projects, right, sir?

If you were to spend the whole ZAR390 million today, would that sort of 9.5% development yield be adequate for you to commit the money?

The sapphire market in general remained weak, as excess capacity in the market and fluctuations in inventory levels in the supply chain limited demand, creating additional downward pressure on pricing for the industry.

Also in our U.S. traditional segment, both our U.S. group and individual health lines of the business reported results that were modestly better than our expectations.

By adding content to our consumer engagement solutions, we plan to provide consumers and investors greater clarity and insight into unique loan products and the key metrics that impact homeownership such as interest rate levels and lending policies, ultimately improving the overall home buying experience for the consumer.

Are you seeing any weakness right now in your demand forecast looking forward for the U.S., in general?

So not -- so when you look at our revenues today, our revenue is equally split roughly between advertising and affiliate revenue to grow new revenue streams, less reliant on those 2 is an important goal of ours.

I direct your attention to the forward-looking and cautionary statements disclosure in today's presentation and press release for a review of the various factors that could cause actual results to differ materially from projections or forward-looking statements.

Our strategy execution is progressing well, and we continue to invest in 2021 with confidence.

The remaining 5 noncore asset sales included 3 office properties and 2 retail properties.

For the EU market, when you're talking of forest or farm-based, forest residue-based ethanol plants, these would be using your 2G tech.

And the remainder is being exported, no problem there.

Importantly, we believe that these cost savings are sustainable.

So there would be the very experience so far this year the way in which that then translates into GAAP earnings, the impact of the January renewal in 2013, the impact of interest rates because of course the combined rate is non-economic.

The truck markets in the U.S. and Brazil are likely to be weaker than we previously anticipated when we thought we might see some upturn in the second quarter that's not materializing.

As the Rainy River project advances, we have continued to benefit from the limited development activity taking place in the industry.

We expect the market will decrease this year.

Actual results could differ materially from those projected in forward-looking statements, because of a number of risk factors and uncertainties, which are discussed in our annual and quarterly SEC filings.

But at CONEXPO you said customers, Barry, were telling you that they had robust plans for 2021 and that any curtailed orders from 2020 would be taken up in 2021 in addition to the robust 2021 orders.

We are looking at all of them and have plans to update each product family.

Our marketing authorization application for adult PK deficiency is under review in the EU, and we remain on track to receive a decision from the EMA in the second half of 2022.

Looking at the regulated market project, we have signed an agreement with an external partner to provide us support, expertise through that process.

We expect depreciation and amortization to be between $9 million and $10 million for the quarter.

And sir, how much has been the increase in the month of November or any anticipated increases because the cited price increase number is significantly lower than the broad cost inflation that we are looking at it on the imported thermal coal or be given on pet coke prices.

You discussed stronger-than-expected Corrugated demand in the quarter.

Important factors that can cause actual results to differ materially from the company's expectations are disclosed in the risk factors contained in the company's Annual Report on Form 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission on March 25, 2011.

This was anticipated due to more sales going to the DSD system as a result of the rollout of DKB, which began in the second quarter of fiscal 2016.

So as I mentioned in my opening remarks, T-Mobile awarded Gilat for an end-to-end multi-year projects for LTE cellular backhaul for network expansion in rural areas, destinations, highways and elsewhere, where fiber delivery is challenging throughout the continental United States.

And we remain a go-to bank for large deals and related financing.

So you do expect going forward -- you probably will try to penetrate into this new M&A business in -- for your business line?

The second item that I would like to cover has to do with the fact that, as we have discussed when we presented our previous plan, we intended to outsource certain services in order to extract value and synergies and also eliminate from our perimeter of activities certain activities, in fact, that are noncore.

So we're now finishing off this chapter by looking at our financial targets on Page 14.

I mean, do you planning to, like, increase our level of promotions or, like, give more intent (sic) [ incentives ] to consumers or give more incentives to our distributors to help increase our sales?

Additionally, we are actively investing in products and services, which will be the backbone of a future business with higher returns on invested capital and growth throughout the business cycle.

One more, I guess is add 1 more, does this would be our first you are undertaking the on your credit business, it does that all change the timing of your future securitizations?

Oil and gas prices have demonstrated some choppiness in response to geopolitical headlines and the typical variability caused by changes in supply and demand estimates.

We plan to achieve this reserve growth through our drilling activity alone, while maintaining a very healthy mix of proved developed reserves making up 68%.

But from what we heard, one of the goals to be met by the highway of the sea, Log-In will be more competitive in this scenario.

How big a risk is there that your work is forced to slow down or maybe your inflow of cash payment gets kind of disrupted at all by kind of the whole board's rethink of the major projects there?

The ability to forecast at the start of a quarter when our own customers forecasts are dropping or is as volatile as we’re seeing them.