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While we remain hopeful for a relaxation in these restrictions, we realize that it will be difficult to maintain the sales momentum we saw in the past few quarters while these restrictions remain effective.

And if we get 2 of these projects next year, we will be very, very happy, right?

I can only repeat what I said earlier, which is that it's too early to project ourselves and speak about what will be the situation in February, March 2021.

So I will rather than, if anything, project this being a slow recovery over some period of time.

When it comes to recourse, we haven't booked anything because on the side of, let's say, accounts receivable for any claim that we have, the level of it, the standard is much higher, which means it has to be virtually certain that what we put on the books.

At Hudson, we plan to fully upgrade 210 units at an average cost of $13,550 per unit and generating premiums of $269 a unit with an ROI of approximately 27%.

As a reminder, these targets reflect the expectation of continued sales execution and driving economies of scale in our metal card business as well as a net investment in Arculus below our net Arculus investment in 2022.

And I'm actually quite happy with what we've accomplished to date, more to do, especially on some of the more footprint rationalization projects.

With regard to mere road construction projects, the usage of own resources is far bigger.

We should assume that that's -- there's no official guidance until we get to the Capital Markets Day.

And that's one of the reasons why we're more bullish about the future of multichannel TV than perhaps either the marketplace or others are.

Non-GAAP combined R&D and SG&A expenses grew 6% sequentially, consistent with expectations.

But to forecast that externally and to talk about that in financial models, we don't have enough data input to really do that other than look at recent history and project from that, which is what we're doing.

Revenues in U.S. dollar terms for the quarter remained flat due to weakening of euro, GBP, AUD and CAD on reported terms.

And of that 80, we expect that 20 of them would be from global game developers.

While there have been great benefits to being part of Liberty, I believe this standalone structure is the first step to unlocking the real potential growth opportunities for Starz.

The annual tax rate is expected to be approximately 28%.

But sir, going forward, you [Audio Gap] expecting from this segment and will that be further losses or will it be curtailed?

Should we expect that it remains relatively stable here on a 1.45% to 1.50% range as a percentage of loans, just given what you're seeing broader for the economy?

So overall, when you look at our revenue trends in the second quarter for global Adtalem, you should expect lower revenue growth in the second quarter than you saw in the first quarter because of the timing of the conference.

Death benefits, which can fluctuate on a quarterly basis, were lower than historical averages due to a lower number of large claims on our term business.

Now hopefully, we can hold the margin in this 4% range, at least until such time when increasing interest rates would move it higher.

But otherwise, no, we expect to be able to fully utilize all of our tax deductions and there's nothing unusual about the about the write-down.

Given the flexibility of our asset-light model, the unique resilience of Blade's short-distance flyers and the essential nature of our MediMobility organ transplant services, we believe Blade is well equipped to thrive even in a potential recessionary environment.

While we saw sequential progress in our Medicaid business, slightly ahead of our first quarter expectations, we still have work to do prospectively, especially in light of outstanding RFPs, which I will address in a moment.

Diluted earnings per share for the second quarter is expected to be in the range of $0.02 to $0.05.

Now that has been fixed, so the financial results and a presentation of supplemental information, including an updated outlook slide providing the company's current expectations and estimate for the range of adjusted EBITDA for the third quarter and certain costs, pricing, shipment, production and other factors expected to impact the third quarter of 2018 has been posted on the Investor Relations page of our website at clearwaterpaper.com.

Well, that's in light of we closed down 2 plants in the last 6 months.

And if I can ask just one more quick one, which is on specifically the North American gaming operations business, if you could just provide a little bit of color as to how you expect that to evolve, and how you thought about that in your guidance this year?

And then what kind of growth do you expect to see in Data Services once all the headwinds from caller ID are in the past?

Finally, the tax charge was higher than expected, mainly due to tax adjustments related to prior years.

But there have been other, as I mentioned a couple of times, capital management initiative at the full year, all things go into plan and we'll continue to look to actively buy stock on the market as it becomes available.

We remain committed to our dividend and plan to increase it over time.

Reducing costs and improved production economics are just some of the benefits that we believe our technology affords our clients.

So we were planning to introduce new products with competitiveness here.

With the cash on our balance sheet and our credit facility, the committed capital from the limited partners, we are financially well-positioned to pursue our growth objectives.

Lastly, we see strong momentum in project sanctioning internationally, both in oil and gas and in renewables markets.

We believe PetIQ's mission of delivering smarter options for pet parents to help enrich their pets lives through convenience and affordable access to veterinarian products and services is increasingly resonating with pet parents.

And with any company, the key to our success starts with our engaged and dedicated employees committed to delivering the highest precision in quality tools in the industry.

Therefore, within this fiscal year, I hope that we will be able to distribute iPhones and iPads to each and every employee, and so they will be able to use them on a daily basis to conduct their business.

And perhaps more in general, over the past few years, what has been your blended return on invested capital of new projects?

And as of today, we have to see what will be the final outcome of the project financing.

As we look forward, we're examining near-term options, which may include shifting some assets between Ohio and Oklahoma to supplement further work as well as building out a seventh fleet from some of our existing fleets with minimal investment.

CapEx were up EUR 20 million, with a CapEx to net sales ratio almost stable at 4%, which is our long-term objective.

In order to achieve our goals and expand our leading position in the world market, we are continuing to push ahead with digitization via digital@Durr as a central strategic element.

During the third quarter, we're able to grow our driver fleet by 13 drivers to a total of 614 drivers, and this remains a crucial factor in determining our revenue growth as we are able to acquire business if we have the drivers to haul the loads.

On the CapEx side, we expect as a result of our focused growth strategy net CapEx for this year still in the order of EUR 2.5 billion, and this is fully compatible with our envisaged leverage target of around 4x, which were the guiding metrics.

But as the macro continues to get better, how does that affect the outlook on the margin front?

And we will have a continued high activity level going forward, investing in the future will continue to, of course, be very important for us.

While we are disappointed that our hospital partner in Charlotte opted to move to a different anesthesia provider, a small number of the physicians at Southeast were not affected by this decision, while those who were affected will remain employed through the remainder of 2018 under the terms of their contract.

Operator, I think we can take your questions from Web forum of our conference call [indiscernible] from JPMorgan are asking, are you planning to refinance your 2018 Eurobond in February?

Just checking on you -- given the tax situation in Zambia and the additional commitments to Cobre, should we expect there won't be any material advancements or capital commitments to other projects either at Zambia or South America until Cobre reaches commercial operations state and the Zambian tax situation has settled?

As this new sponge iron and pig iron plants are coming, there will be opportunity for that, whereas in cement, whatever the installed base, running cement plant, there is a 70% of the cement plant yet to tap this potential.

As I mentioned last quarter, we were targeting to begin the integration of the AXA business on our platform before year-end.

And now as we go forward, we're looking at opportunities for what to do with the Holt complex, and one of the things there is there is some significant exploration upside on these properties and those are something we may look at in the future.

We've restored economic viability and, essentially, in the long-term future is also being secured through the approval of the K4 project.

And as a result, we expect revenue will increase in the range of at least low single digits.

We are confident in the underlying performance of the business and are pleased with the progress we are making across our various strategies.

This includes ADCT-602 targeting CD22, which has been investigated in the Phase I/II trial in patients with relapsed and refractory ALL.

And going forward, to the extent that, I guess, maybe you can answer that, going forward, do you expect that commissions were done towards normal and you wouldn't see this $0.10 or $0.11 per pound increase in your cost structure?

We spent approximately $50 million of CapEx in the quarter, a heavy amount reflecting the timing of payments related to executing projects underway.

How much of -- as opposed to some of the revenue just completely vanishing, how much of a drag or incremental drag is this going to be on next year's revenue?

Finally, I would like to highlight that this revenue and EBITDA figures truly include a provision related to the regulatory color for EUR 7 million in 2019 on top of the EUR 10 million provision back in 2018, adding stability to our future P&L.

I mean, as we look out for the remainder of the year, we're 66% hedged and essentially at $285 a gallon diesel price.

This improvement was driven by our global Finance, Risk & Reporting business unit which is included in the GRC division.Lastly revenues from Asia-Pac and the rest of the world saw accelerated organic growth of 6% compared to 3% in the prior year.

[Foreign Language] While in the process of preparing for the 5G commercial launch for next -- early next year, we will begin the investment spending in Q4.

And today, our Board approved the renewal of our normal course issuer bid to repurchase up to 5% of our common shares, which is subject to the approval by the TSX and is expected to commence on August 14, 2019.

We remain focused on driving efficiencies across the business including Asset.

These are to meet our overall revenue and profitability goals in our core businesses while managing the OUS expiration of significant royalty-generating patents in our medical coatings business; second, to invest in and achieve significant milestones in our drug-coated balloon programs and to secure regulatory approvals in our catheter and balloon research and development pipeline; and third, to expand our operational capacity for high-quality and cost-efficient manufacturing through continued investment.

We get all these names from auto dealers and from auto companies about who's bought new and used cars, and then we market to them with a variety of campaigns that are all oriented towards driving people to contact us, whether they come onto our online account center and serve themselves across the web or whether they call into the call center or are part of our outbound telemarketing campaigns that we have, as you should expect the customer service and billing costs to continue to rise as we continue to sort of grow the funnel of opportunities that we're after and grow the customer base that we are serving.

Despite these known outflows in Q1 2020, the fact that the vast majority of our AUM is strongly performing for clients and the momentum we're seeing means that we're pleased to see an improving institutional pipeline and a confidence in the opportunity to continue the momentum we're seeing in the retail business into 2020.

So I will just quickly add that we anticipate a buyer's market for high-quality intraoperative neuromonitoring assets in 2022.

We are accelerating investments to improve productivity and reliability and to increase capacity through debottlenecking projects.

Is it fair to say that the focus on sort of quarter-to-quarter execution and completing the projects and acquisitions laid out in front of you, that'll take priority through 2016 and then second quarter of 2016 and then beyond that, you begin to think you can think about incremental acquisitions or under what areas might you look at acquiring assets ahead of that?

Let me highlight that the recent renewal of the group level contract provides visibility on the HR cost base going forward.

The plan, okay, we have set up with this range of revenue, okay, is based on the usual data point we have, okay, backlog, booking dynamics, okay, POS, POP at the distributor channel.

But what we take confidence in is the sequential monthly trends that Laura talked about in the U.S. revenue growth as we progress through the first quarter of the record active surgeon base that we exited the quarter with -- these are exciting forward-looking indicators for us that we might be entering a period of strong demand.

In order to tackle these 2 major challenges, since last summer, we have been carefully investigating measures from multiple perspectives to improve corporate value through group-wide projects.

But these are eventually based on the cash flow what we see from the business.

And expense control remained tight.

So that tells me that our customers, their prospects and their customers are going to our sites to get information.

That growth rate includes our largest international market, the U.K., which was flat after the unexpected bankruptcy filing of a major retailer there.

For the third quarter, we expect our consolidated tax rate to be approximately 27.5%.

In closing, I want to assure you that our team is totally committed to executing our strategy to expand our service offerings and to drive productivity throughout our global operations, and we are confident that we will create value for all of our shareholders.

If I were asked to summarize the competitive advantage of St. Jude Medical's CRM program for the remainder of 2010, I would say this, we have a clear competitive advantage in our product line.

Are developments in line with client expectations?

And we have very complex supply chains, but don't underestimate that complexity.

Also positively impacting earnings were increased renewable resource adjustment rider revenues in Minnesota and North Dakota, along with increased Conservation Improvement Program incentives in Minnesota.

We expect to see operational benefits in our plants beginning this very quarter, our fourth quarter.

Naturally, it could be some fluctuations from year to year because project sanctions come when they come, but I think this should give you a good guiding on how we would perform moving forward.

We've had some wins, but we are by no means at a place where we think it's a blanket rollout that's going to have yet -- as of today, it won't have a significant benefit, but it's definitely our outlook, and our expectation is that it will have a significant benefit as we continue to build that competency through the latter half of 2022.

So that kind of tended to mix it out and keep the gross margins at a little bit higher level than we were forecasting.

Our confidence in the West Musgrave Project's potential have increased, and that supported us reaching a 51% earn in level earlier than originally anticipated.

Finally, we successfully executed on the Driving Performance initiatives we announced a year achieving in 2012 over half of the $250 million target we set for the end of 2013.

This is our continued focus and commitment in order to continue to generate revenue for all of our stakeholders.

Policy uncertainties certainly do remain top-of-mind, and we have recently submitted our response to the land expropriation without compensation debate, highlighting our support for accelerated land reform and restitution but not through a change in Section 25 to the Constitution, which already provides for expropriation without compensation, in particular, circumstances where a court decides that it is just and equitable or in the national interest to do so.

To remind you, Croda has a record of achieving strong returns on capital post tax return on invested capital has been around 23% and remained above 21% last year.

First, CFO Fujita will go over the financial results for the first quarter, followed by a presentation on the full year outlook by CEO Yoshida.

But I don't expect that our operations are going to be too adversely impacted by the current hurricane.

However, based on the target in-service date we laid out on Slide 9 and our current expectations of where our local prices will be in 2018, we feel very comfortable that we will be able to deliver on production growth within the range, while generating free cash flow, delevering, reducing cash costs and increasing cash margins.