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So we're progressing as planned, but I just want to reiterate that the graph that we put in at the Investor Day was to give some perspective on our business model and how it works and what sort of ranges of possible outcomes are based on some of our learner success and new marketing and efficiency with our enrollment counselors from a new enrollment perspective.

Can you talk about the margins for this product relative to the corporate average and whether you expect that to make much of a difference?

Booz Allen is committed to deliver work of the highest value that directly supports our clients' core missions and to perform it with the utmost integrity.

Lead generation revenue was approximately $25 million in Q3, down about 5% sequentially, which was better than our initial expectations for a 10% decline.In August, we reorganized the management of the Lead Gen business.

And in terms of projecting backlog, it's not something we've never really done.

Overall, we believe this segment is well positioned for growth in 2022 and beyond.

By high-yielding assets to pay a strong dividend to our owners, we established goals in 2015 and now almost all of them have been hit.

And, I guess, expectations going forward, what kind of fee income could be generated?

And then assuming that they are in the market, at least they're communicated timeline at this stage is mid-2015, what sort of market share, I guess, would you expect to have and how has that changed relative to seeing their data earlier this month?

We are expecting an increase of 2,500 to 2,700 additional revenue-producing sites in 2019, of which roughly 60% are gained in manufactured housing sites and 40% in RV conversions from transient to annual leases.

But we'd like to see how the month of October finishes and how the first half of November goes before we disclosed any specific sales information related to convention and before providing an update on our forecast for the fourth quarter, which we'll do in a couple of weeks at our annual analyst day on November 17.

But just by the nature of the projects we have been very large and very long-term, the execution you're going to have some slower burn.

So we don't have -- they don't build one power plant.

We also saw a better product mix, and we expect that product mix to continue into the second half of the year.

And now one thing about that in Brazil is that food sales account for only 1% of all grocery sales, considering that developed countries like the United States are estimated to have a share of 7% to 8%.

In Q4, we exceeded this goal while also investing in the business and kicking off a major technology modernization project.

And baked into our future assumptions are to continue to supply them.

Looking ahead to the next few quarters, we expect our quarterly G&A expense to remain relatively flat, the largest variables being financing, business development and IT costs, which we may incur and which are difficult to forecast.

In addition, we began to release the benefit of cost reductions announced late last year and as a result adjusted EBITDA came in well above our expectations of $7.1 demonstrating the operating leverage in our business.

We continue to believe that Europe is approximately 4 to 5 years behind the U.S. terms of its financial health and recovery.

As a result, the negative impact on net adjusted EBITDA is expected to be $2 million or 2% for the full year.

The fourth category, treasury management solutions, is expected to represent approximately 15% in 2017, with an expected 24% to 27% growth rate, and expected EBITDA margins slightly below our overall average.

In this call, we will discuss our consolidated and segment operating results and provide a perspective on our progress against our strategic plan.

As noted on the outset, for the fiscal year ending March 2021, forecasts are not disclosed because, as of date, it is difficult to reasonably calculate the business impacts of the spread of novel coronavirus disease, COVID-19.

Yes, having said that, in the next couple of months, if we don't see a light at the end of the tunnel in the foreseeable -- in the very close future like the next 2 quarters at most, we'll be most likely abandoning that because we're not -- we're in business to make money, and we're not -- if we're not going to do it, if it's not going to -- if it's giving back a little bit now, it's not going to help us get more in the future, then there's no point to us continuing to do that, as I'm sure you can understand

FMC is well positioned to maintain its leading position in lithium hydroxide, butyllithium and lithium metals, and we continue to pursue multiple paths to diversify our sources of lithium carbonate to feed the expected growth in the business.

As you think about the PCC business and lime, we have supplier base formula contracts that lead and lag just as we have them with customers and so what we were trying to describe to you during the call is that fourth quarter and into next year, PCC we’re going to have some compression effect.

As I previously mentioned, we have lowered our revenue expectations in Brazil for the remainder of the year.

Among the dozens of projects of Adobe, one of their most strategic investments is their creative cloud initiative, and adobe has selected Splunk to manage, monitor and develop operational analytics for their creative cloud service.

We hope never to see the kind of irresponsible lending that led to the financial and housing crisis.

Said differently, can we see a material increase in 2020 fee-based EBITDA as well, given the suite of projects that you've FID-ed and are working on?

Have you started increasing the service charges upon these renewals?

As a result of these evolving events and circumstances and their potential impact on our revenues and expenses, we are modifying our approach to guidance, and at this time, we will be providing guidance only with respect to 2017 year-end cash, which we expect to be approximately $275 million to $300 million.

But what we do as the existing owner of it, we look at the whole business plan and what we can do with the asset, over the longer term, what are the expected growth opportunities, how we can augment the revenues, how we can provide better service to commuters, which obviously is really important for a paying road.

Bank Sinar Mandiri is integral part of the Mandiri plan to just like to segment aggressively which we intend to achieve by dominating local value market and finally, preparing for national expansion.

So we are cautious in giving any kinds of projections right now.

Christian will review our annual guidance in more detail momentarily, but we continue to expect accelerated revenue growth in the back half of this year.

Already in the third quarter, Hal has begun working on our -- working with our directors to facilitate the company's goals while representing the interest of the shareholders.

We believe these factors will confer an early mover outcome to oil and gas companies participating in this space and relative to others when capital investment improves.

On the profit side, I'll let Carrie comment, but we clearly are keeping an eye on our overall expenses for the same reason and making sure that we funnel them to the most important longer-term projects because we do have some big enablers in our hopper that could benefit us on the backside of '21 and clearly in '22.

As market prices of our common stock improve, we expect to build additional equity capital of up to several million dollars from the exercise of stock options, many of which today are still under water and from the exercise of outstanding warrants associated with previous financings.

Our cash collection continues to track in line with expectations with H2 FY '20, recording [ 101, ] which confirms the value of our trail assets.

And then the second question -- clarification, are you still expecting the Sudeste port to open this year?

We continue to expect our full year net interest expense to be approximately $20 million higher than it was in fiscal 2009.

The current sales outlook is modestly lower, reflecting the effect of foreign currency exchange, most notably the weaker euro.

Total project cost is $450 million plus the value of the existing building.

We also saw some softness in New York and London markets that we believe was due in large part to the negative impact of the European debt crisis on European guest travel.

So if you look at the upstream and midstream part and midstream probably much more easier is within the targeted EBITDA 13% to 15%, that is still roughly $2 million of partially contributing IC.

There obviously is, after the 3-year deferral that we put in place in 2016 on the amortization schedule on that project financing down there, there is a $90-odd million principal repayment coming due for Ambatovy in mid-June of this year.

A couple of years ago, this approach was focused on the 5 most important provinces, soon after, expanding to a further 5 and now, over the last year, to a third tier of 5.

Last question, when we look at your performance the performance outside of Europe it's pretty amazing, in terms of quite a profitability, can you help us a little bit to make an estimate that is it something which is profitable, is it something which is in the ramp up phase or therefore is not as good you are expecting but on the marginally can you help us a little bit to square that?

As a result of these actions, we expect to realize approximately $60 million in incremental annualized cost savings with 60% accruing to the TS business and the remainder to EM.

So we're more and more optimistic at OPG and very optimistic at Bruce Power because we're getting our share at Bruce Power.

I'm a huge believer as some of you know in anecdotal evidence, and there were 2 interesting pieces of anecdotal evidence that surfaced this week.

Despite these potential investments in the business, we expect to meaningfully grow annual earnings this year besides increase profits driven by sales growth, again we have implemented a number of costs and operating expense efficiency programs to help pay for some of the investments.

Yes, that $10 million of completed power plants, that's 2 1.4-megawatt power plants.

The M&A [ph] is to ensure that we can combine dividend progression, your estimates are there on this slide, and earnings growth by judicious investments in the business and excellent delivery of our strategy, which is aligned with and driven by a series of important and unstoppable macro trends.

In future management, we hope we can be more effective, so we think that gross profit growth must exceed revenue growth and net profit growth must exceed gross profit growth.

So that's -- we'll plan on continuing to do that, continuing to find that right balance between the utilization of promotional incentives to drive traffic before leveraging up, if you will, on the special event days, which really, you've kind of got, in essence, a marketing expense, if you will, hitting in your discounts but that's how we look at an avenue to continue driving that top line long term.

Pipeline inventories remain at historically low levels, with just over 15 weeks on hand at the end of the year, as elevated levels of retail sold product and continued strong demand constrain our ability to build field inventory.

And in terms of capital allocation, considering 39 gigawatt is a big commitment for the country, would you be willing to take as much market share as possible of that over and above perhaps what you have currently installed, will be willing to think about greenfields over there?

But when the economy improves, we expect large corporations to embrace online marketing like they did two years ago, we expect them to embrace it very vigorously.

Services revenues, which tend to be more highly predictable recurring revenues that are generated from our maintenance, SaaS, hosted, managed services and content offerings, increased to $126.3 million and represented 56% of our total revenues for the fourth fiscal quarter 2012.

And also what's the potential additional iron ore tonnage in terms of sales for next year for 2014?

Under this collaboration, Glenmark's orthopedic and pain management business will be transferred to a new entity to be incorporated by True North, which will market the product portfolio in India and Nepal.

So how this is expected to change the economics of the business in terms of our own cost of delivery and any other kind of an optimization?

But we only have 15.5 million tons of sugarcane, next year, we hope to get as close as possible to full capacity.

Year-to-date, we have continued to perform at the highest level and have delivered the stability and growth that our long-term unitholders have come to expect.

But you don't include that in the deliveries until you have fully completed the project.

We have made tremendous progress in recent years by executing the fundamentals of our ONE Ford plan, and we are working towards our mid-decade guidance.

We believe that we have a product that truly serves these 60 million underbanked consumers, and we'll stay focused on the job of delivering to them affordable solutions that meet their unique needs.

I believe that we have a unique opportunity to position Body Central within the fast fashion space as a sexy, edgy lifestyle brand, offering exceptional value to our customers.

We are updating our full year outlook to incorporate our third quarter results, including the impact from Hurricane Florence, asset sales, including $4 million of pro forma hotel EBITDA related to the removal of the Holiday Inn Fisherman's Wharf, recent trends in Denver, Austin and Louisville and finally, risks associated with the ongoing labor strike in San Francisco.

With respect to gross margins, now that we have ended the first full quarter of the annual price reductions, as many of our telecom customers, we expect pricing pressure to ease somewhat in the next few quarters.

Smriti will be giving more details and an outlook for our near-term investment plans in her comments.Average interest earning assets, including TBA Securities, were approximately $4.4 billion for the quarter versus $3.2 billion last, driven largely by increases in TBA securities funded through the dollar roll market.As it relates to our hedges, we continue to utilize the Treasury-based options and futures strategy.

Based on data from IDC, we estimate that the database market will be worth $62 billion by 2024, and we are quite intentional in saying that our addressable market comprises both relational and NoSQL technology.

And with that in mind, where would you expect economic earnings to come out at by 2020?

Further growth is expected from our personal loans initiatives where, through partners such as Coles, we are offering a very strong value proposition to customers in this segment of the market.

In the United States we've targeted 705 accounts, which represent 60% of the business at launch, with 65 sales reps. And we're reviewing our selling resources and anticipate increasing deployment during the early part of next year to expand our reach to about 1,400 accounts, which constitutes approximately 80% of the business.

Most of our plants are now operating at more normal levels.

As Amir noted, our business performed as expected throughout the first half of 2021.

Our all other segment, which consists primarily of construction fee revenue from the TC Energy pipeline project, had revenue of approximately $2 million for the first quarter of 2020 compared to $8 million in the same period last year.

You cut CapEx and that's great for free cash flow, but I am curious about what that means for the future, where those cuts were primarily, if it was new equipment, new trucks or something else.

Despite ongoing challenges in commodity markets, our bookings and financial results in the second quarter were better than expected.

The company assumes no obligation to publicly release any updates or revisions to any such statement.

These statements address the financial condition, results of operations, business initiatives, growth plans, operational investments and prospects of the company and are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

And with over 600,000 square feet of additional leasing and pipeline, we hope to maintain outperformance through year-end.

As I noted, our leverage continues to march down and is at an all-time low during my tenure here of 6.6x pro forma for yesterday's divestiture of our interest in Upland Square and accounting for the proceeds of the forward equity offering we completed in August.

On this slide, a simple math try to set the maximum number of shares, which may be issued under each of these plans and the expected number of shares to be issued based on our assessment for performance conditions at year end and relevant at year end share price.

This plan will constantly advance safety while gaining productivity.

So I guess, I would expect to be slightly up going in to the first quarter as we invest.

So you still think there's chance to expect expenses growth slightly below your guidance this year?

We're also planning capital improvement projects within our current facilities that will increase efficiency and throughput and prepare for future capacity buildout.

Our fourth quarter Aerospace & Defense segment operating margin was 11.4%, an increase of 100 basis points year-over-year, achieving our operating margin target.

Sanjeet, in terms of China, what we said in our outlook is that we expect industry volumes to remain under pressure in 2016, but we expect our volumes to perform better than the industry as we've had the last few years, driven by the fact that we're heavily skewed towards Premium and Super Premium Brands.

This was done intentionally from our side to avoid extra fees and will gradually be adjusted down by nearly $50 million from the fourth quarter to second quarter next year in connection with schedules rollover of the associated loans.

But as you've seen from our -- the way the asset management contracts travel with the assets, I would assume that these are relatively sticky asset management contracts.

Commercial work throughout our states has remained constant, and we do not currently see downward pressure or pullback on project bidding in the private market.

Obviously, we've got our dividends of another $8 million, $8.5 million or so from there, and then we've got the acquisitions that we've spoken about and the amounts that are in the 10-Qs, so we would anticipate that overall, when you net all of that out that, we will have utilized, I think it's $35 million, $40 million or borrow $35 million, $45 million more net net by the end of the year beginning of the year off of our line but still plenty of room.

Is this all future revenue opportunity?