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So clearly, as we can get some of the new areas that we're doing with our multiple delivery channels out into the field, do it carefully, because that's where all of our revenue and profitability is made -- and the hope is we can we maybe get out ahead of that so that we can add less cost than we would normally because we're much more efficient because of how we're managing these channels.

When you look out in the long term, what's your take that -- what's the recurring revenue can grow up to in the future for INS?

R&D contract work remains strong with work for the consumer market and a number of additional inquiries during the quarter as interest in AR/VR appears to be increasing.

So I have a lot of confidence in how the business can perform.

Adjusted gross margin was 42.3%, adjusted operating margin was 20.3% and adjusted diluted earnings per share were $0.93, significantly better than our original expectations and even slightly better than our recently revised expectations for the first quarter.

Allow us to take you through our unaudited financial results for the full year 2019 ending December, further discuss the performance of each of our business units and conclude by updating you on our growth plans and future strategies.

We remain vigilant, and we'll continue to develop and mature our safety culture with a focus on 0 instance.

That has caused us to build our new 160,000 square-foot world-class facilities, where we expect to increase our capacity to 1 billion rounds once fully operational.

We strongly believe in our net asset value, and this is supported by recent comparable transactions in our markets.

We are pleased with the traction we have seen from prior go-to-market investments overseas and expect the Exceda acquisition, once closed, will help spur revenue growth internationally.

Navigator announced to its clients in May a price rise mainly in Europe, taking effect in July 1, and mentioned that the further hike of a similar size is foreseen for October.

And we would expect this business to continue to grow at least double-digit rate for quarters to come just based on the demand that's sitting there today that we have to get to.And so just in addition to that, I would say, besides Fanatics, there's a number of other household brands of people with IP or branded apparel that are coming on to this platform.

The non-GAAP financial measures have been adjusted to exclude certain charges and are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP.

We believe that we have a big opportunity here at a global level, and these initiatives should result in increased sales productivity and better conversion rates.

With regards to our transformation plan for Performance Chemicals, we launched the work streams in February.

Demand for wireless data continues to rise, and the latest forecast project wireless data carryover macro networks to grow at nearly 50% compounded annual growth rate to 2018, as Jim described.

Although it's still early in the year and overall visibility remains limited, our strong quarter 1 performance, growing backlog, improving markets and optimism for improved vaccination rates gives us confidence to raise our full year 2021 guidance for both revenue and adjusted EPS above the high end of our prior ranges.

Because our practices to source and anticipate the demand are very, very ahead of anyone else doing this.

The market overall, I think that we have been, as you might expect, internally focused on the 18 projects that we've got in development and construction, right?

So seeing a reduction in gathering fee relief is -- I mean, the goal of this deal for us is to achieve meaningful fee relief that allows us to grow in a $2.50 gas price environment and generate free cash flow.

We're also confident that we can complete our investments under our strategy without the need for additional funding.

In fact, this is also a major factor which decreased FY '19 operating income forecast.

So we're optimistic that margins will continue to show stability and potentially an improvement over the course of the 2017 period.

With the interest of the acquisition cost for FY 2018 it has been quite a lot, but for FY 2019, inclusive of the goodwill amortization, of course, personnel expenses inclusive, we expect to see a significant decline for this fiscal term.

And as part of that, we are both committed to putting in place marketing and commercial strategies and also increasingly programs in terms of being more efficient, particularly for Coke FEMSA, Hector shared in our conference call a lot of detail on our advancement in the centers of excellence and how building a little bit into what of Juan was sharing towards the digital platform, I think those are geared around making sure that we can mitigate, to a greater extent, the impact of these concentrate increases and that we have an agreement to look at some of the territories that you have in the bottle investments group.

I think some of the major projects have been done, but just would be interested in what piece that will be in terms of capital outflow?

And it's part of the reason why you'll -- there's a lag on the gross margin percentages that will flow through in the second half of this year and into the beginning of next year.

Our remaining share repurchase authorization stands at $70 million.

And if we decide that we can open up some more aspects, we'll do so in the future.

As such, we cannot recognize any of the revenue from this quarter until we deliver the last feature and the customer accepts it, which we now expect some time within the first half of this year.

You set record best safety and environmental performance and remained vigilant with our COVID-19 protocols.

On the top line, we're planning for a low single-digit increase in our first quarter comparable sales.

Continued planned investments in price and in-store efficiency initiatives are being supported by progress with our cost analytics program.

In our curing area of project and [indiscernible] a few things going on.

Time charter rates remained stable throughout the fourth quarter, with larger vessels remaining on demand and rates for mid-size vessels remaining at healthy levels.

However, current market pricing remains below long-term averages, and we expect to maintain a disciplined strategy that optimizes volume, price and service.

FPSM sales in the region touched USD 6 million during the quarter, with the U.K. still expected to ramp up over a longer-term horizon.

I want to emphasize here that were using blockchain technology for tightly secured technical architecture and we're not generating any cryptocurrency and we do not have any plans to do so.

So the highlights here are that we have 4,295 tenants living into properties now and 100% of those properties are lest under long-term lease commitments.

Jan will now take you through the first quarter financials and our reaffirmed 2013 outlook.

On the long-term and -- or medium-term effects, you were asking for, I believe that the debate about local supply chains and regional supply chains and strengthening them will continue.

You've heard us talk for some time now about our goal to get to $1 billion in sales.

We continue to closely monitor the situation in China and expect to see improvement trends in the non-COVID product groups over the course of the year.

Before I conclude my remarks, I want to reiterate that while we embark on our 3-year investment plan to accelerate growth that our leadership team is fully committed to rigorously manage the business, to maximize the balance between pursuing growth and delivering healthy profits, cash flow and sustained capital returns.

And we believe that they can bring on additional revenue to the properties by adding services and expanding physical plant to a number of these properties and continue to grow the revenue side.

Yeah, I fully expect that we are going to partner in many markets, if not all markets, if not globally.

As Tom mentioned, we have modified our power plant sales process to expand the universe of buyers.

In total, we are projecting annualized volume of around $200 million for this sixth flagship openings.

I said our goal is in the fourth quarter to have Mobile, which is a combination of TrueCut and our Iris visual processing solutions, to be more than 50% of our total revenue.

My first question is on fuel margins in the GDSO segment, could you maybe talk about how fuel margins have been trending in the month of April and May and what your expectation is for the rest of the year, given rising crude oil prices and like the higher fuel demand as this driving season shapes up to be more normal than what we saw last year?

So we continue to maintain an aggressive posture in terms of inventory going into next year really to protect the business and protect the customers.

So by virtue of the fact that we're still taking that add-back, provide you the indication, we believe the project has at least $30 million of savings associated with it.

We expect to continue to grow our business based on our ongoing investments, particularly equipment, which will allow us to continue to drive additional EBITDA gains.

We chose and focused on our expense reductions based on what we think made sense for the business, both short term and long term, with the objective of enhancing financial flexibility and liquidity.

We expect that 30 of these will be installed in 2019 and the remaining 2 in the first quarter of 2020, this corresponds to 44% of our fleet.

Today's release is about the intention to bring forward some of those cost savings that we've identified.

The Building Group expects to maintain this increased order level through the remainder of 2012.

Slide 10 summarized the opportunities we believe will create the most value for shareholders in fiscal year 2010.

Number two, on onshore renewables, there are still some markets where you can get long-term contracts.

This improvement reflects productivity and efficiency improvements at underperforming facilities and lower new facility costs, partly offset by inefficiencies at a plant we're closing as well as higher launch costs.

We are currently forecasting that these reductions in revenue and gross profit will be offset by increases in revenues and gross profit in our value-added vegetable business as a result of our increasing market share, which we did experience in the first fiscal quarter and by reductions in our SG&A expenses.

We believe that these tenants offer goods, services and experiences that are Internet-resistant and will continue to drive recurring foot traffic to our centers on a regular basis.

And base oil supply, in general, on a global as well as domestic basis remains pretty tight, particularly in Group 3 and Group 1.

As for the reinvestment rates maybe in terms of future perspectives, right?

We also expect provision for credit losses to increase but to remain within the range of 18 to 20 basis points -- 23 basis points.

We are confident our differentiated cloud EPP positions us well to be one of the primary winners in this market.

By educating your T cells to seek out and destroy cancer cells, VAC2 acts like a booster for your immune system.Our development partner, Cancer Research UK, or CR-UK, is the world's largest cancer charity dedicated to saving lives through research.

First of all, what we have seen so far for the portfolios open for conversion, that is both in Sweden and in and in Norway, we feel we have seen a good progress and success compared to our plans when it looks at these portfolios that have been open for transfer.

If that's the case, are there any other projects there that you kind of identified that can give you more flexibility?

Our new budget of $950 million represents a 14% reduction in our budget in 2017, but is still projected to generate 14% production growth from Q1 to Q4 of '17.

And with that volatility in the market, as you'd expect, lending activity remained relatively subdued.

During the course of this conference call, management may make projections or other forward-looking statements regarding future events and the future financial performance of the company, including the benefits anticipated by the company due to the continued strength across its entire business, the continued innovation of products and advanced technologies that will attract new customers in existing and new markets, the continued expansion of company’s technologies into smart devices such as smartphones, tablets, smart TVs, IPTV devices, game consoles and over-the-top services, including the benefits anticipated by management due to Microsoft selecting the company to embed its technology into the Xbox One console and the continued deployment of the company’s QuickSet and Control Plus technologies into home entertainment products and the other factors described in the company’s filings with the U.S. Securities and Exchange Commission.

Finally, we are raising our outlook for return on invested capital to above 36% from our original outlook of approximately 35%.

While this was a prudent move from a cash preservation standpoint, I am eager to resume construction at the Toledo plant as soon as possible.

From November 2016, as you recall, Minnesota Power filed a retail rate increase request with the MPUC, seeking an average increase of 9% for retail customers reflecting about $55 million in total additional annual revenue.

As John explained earlier, we have adequate financial resources to execute our plan.

We are -- in the next -- for the remainder of 2019 and into early 2020 what we're looking for obviously driving towards the initiation of that rolling NDA submission for patients with previously treated marginal zone lymphoma and presenting the final data from this cohort.

In deciding to seek the PPP loan, we were guided by the widely held consensus that the immediate protection of jobs is the bedrock principle of the Paycheck Protection Program and should form a key part of any business' decision to apply for and retain a loan.

But I think sitting here today, it's going to be tough to pick necessarily the winners and losers but I am convinced that it will gradually gain traction and be important for us and our customers.

In the face of a tight economy and some increased competition during the third quarter, we continued to execute our recession-resistant business plan, focusing on our renewals and our managed regional growth through acquisitions, bids and conversions, or ABCs.

It is our intention to continue paying the dividend for years to come.

For the second question, of course we have already and actually started at a very early stage to plan for the production ramp-up of the products based on the NT.2 platform.

We believe we can continue to drive significant international growth by comprehensively supporting our international partners to fully operationalize Alarm.com and reach full-scale deployment in a diverse range of markets they address worldwide.

Thank you, and another hypothetical, assuming your Texas access project were to go ahead and were on operation today.

And how much do you plan -- do you expect these to become say probably in 2 years down the line, especially for Roki also like you highlighted for the BS VI opportunity.

We've targeted profitability between 9 and 12 months of opening and for the CapEx investment in the new centers to be paid back within 5 years.

How many of your contracts or percentage that's coming up for renewal as we move into 2015?

I also shared that we were on a quest to becoming a nationally recognized brand by becoming the destination to help our customers become their best self as they define it by providing them with solutions, innovative products and expertise to accomplish their goals.Advancements in technology and research are pushing the health and wellness category to evolve faster and faster.

Or are you looking into 2011 and it feels kind of soft from a lot of your license partners and so you expect a lot of your other brands to be down organically next year?

As inflation has subsided, we have continued to reduce our LIFO estimate throughout the year.To date, we have been pleased with our SG&A expense management.

Our Ultamate Rewards credit card program continues to exceed our expectations, driven by great execution from our shore teams and ongoing marketing efforts.

And my follow-up question is on the planned marketing and wage investments.

In addition, we are now forecasting that our adjusted EBITDA will be $20 million higher, with the midpoint of the new range at $1.57 billion for 2011.

We expect to collect this amount through rates over the course of 2019.

There is an plan, which will happen in years to come from gas to more environmental-friendly solution, which is a patented technology of GE.

In order to accelerate our growth in Property & Casualty market, we nominated Gary as the EVP and Managing Director of our P&C Division.

Regarding Easter, as Q1 benefited from Easter moving from April 8 last year to March 31 in 2013, fortunately, next year, Easter is on April 18, which should be a plus, the Easter shift did cause movement of revenue and earnings out of Q2 into Q1.

While these examples give us confidence that blood management is gaining traction, the real proof is evident in the growth rates of our business.

And so we have launched, as part of that program -- in February this year, we launched the Regnan Credit Impact Strategy in Australia, which is an actively managed portfolio of highly rated impact and sustainably green screened bonds targeting market returns and measurable impact.

Based on our 2016 projections, we achieved this with ending interest coverage of 4.5x, an increase from 4.4x in 2015 and debt-to-EBITDA of 6.4x compared to 6.7x in 2015.