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That is not our expectation as everyone is so busy to -- not only us, but also customer to fulfill the obligations that we have this year.

Now that the PG&E bankruptcy has been favorably resolved and distributions from our Desert Sunlight projects have resumed, cash available for distribution includes all contributions from PG&E-related projects.

We have a shorter track record for our client SSDs, and we believe that we've been shipping -- ASPs have been around $5 and should remain at this level.

And we talked during our restructuring call that we had some additional opportunities in our supply chain and I think that, that will help us in the future as that initiative gets moving.

Non-GAAP net income of $300,000 to $1 million or $0.01 to $0.03 per share and GAAP net loss of $2.9 million to $3.6 million or a loss of $0.09 to $0.11 per share, where we estimate share-based compensation expense of approximately $4 million and depreciation and amortization expense of approximately $120,000.

And we expect that those markets will get much heavier exposure to the brand, and we're also connecting with our host of partners in those markets to make sure that we have great presentations of our products in the stores when the heavier period is happening.

The TV market, entering a slow season in Q1, is projected to weaken slightly year-on-year due to declining demand in emerging markets.

The transaction will not trigger any change in control provisions, and we expect SXCP's current debt structure to remain unchanged at the time of closing.

Or was it just that there were fewer sort of projects available for your project business at that time?

Going forward, we expect to further improve our customer base, attracting a lower number of new clients of higher quality.

We did have some pay downs of loans during the first quarter, so our loan growth was lower than expected.

We believe these numbers reflect the increasing popularity of online on-demand human help for learning at the college and high school levels.

Total interest expense is expected to be between $385 million and $395 million.

Most of these points, everyone will be familiar with that knows the business but we just put it there to remind investors that about how the gearing of the balance sheet so you can see that the corporate debt to tangible equity remains around 21% so it remains lowly geared.

The 11.7% operating margin is lower than the year-ago quarter, but consistent with our guidance and sell-side expectations.

The 2019 CapEx guidance to complete the project is unchanged at $50 million.

In the L&S business, we are working on a project that will be for many years out into the future.

And is the Eole project in the order intakes of the past or is it another period?

John, can you just talk to sort of whether or not you're going to be happy with that expense ratio, where it's going to sit next year, what those plans are on a go-forward basis to further improve the operating efficiency of the business?

And we would not hesitate to make any proposal for any target, any opportunity that would be inconsistent with our objectives, which is both value-accretive and making sense as far as the business segment or geography or technology is concerned.

Suffice it to say, as we start on the path of trying to achieve another other long-term ambitious goal, some of our evergreen financial performance targets, such as delivering 3% to 5% organic revenue growth per year, will remain unchanged while other metrics, such as our EBITDA margin objectives, will need to be stepped up.

And those are probably the most sensitive ones to weather until we get to the actual turbine installation next year.

And our goal here is to be ready to go and then go if market conditions allow.

We anticipate the Partnership's distribution coverage ratio will be about 1x for the year.

At the same time, while our SMB business has gone through an evolution over the past 18 months, it remains an important part of our strategy to achieve ubiquity in the market.

All other factors, including lower benefit from hedges accounted for an estimated 2 basis points of the decline.

And one last thing, are you seeing any concessions from your Chinese suppliers given that you're -- you've increased this -- manufacturing there is a little bit higher now than it was planned originally?

The transaction remains subject to suspensive conditions, including approval from competition authorities, which are subject to performance by the 31st of October 2020.

When we close the Buildium acquisition, we plan to schedule an Analyst Day during the first quarter of 2020 where we will look forward and discuss our SMB strategy, along with all the exciting things we have planned for 2020.

On our recent return visit to Saudi Arabia, we met with several high-ranking officials to discuss their experience with our equipment and future orders, which are anticipated in the near future.

But in terms -- again, going back to Vaca Muerta, we believe that we have all the capital and the know-how needed in order to develop those fields that are under pilot mode today.

The German government then decided to close the file and also close the file on the arbitration proceeding of Bundestag in Washington, because as a foreign investor, they could also claim under the foreign investment act.

The remaining balance of the short-term debt was bank borrowings fully pledged by cash.

Our Australian team have built our brand on innovation in product and challenging the market, but it continues to be the aim and the theme for 2016.

We do expect to continue to see moderating inflation costs year-over-year in the first quarter but as we move throughout the course of the year, those compares get a little bit tougher and certainly one of the areas that we've got around is freight costs.

Now I think in terms of the projects they are in the order book, the vast majority will ship in 2018, that don't ship this year, Jonathan.

Our aftermarket, which will contribute all the way up to Q3 is also well planned and well forecasted.

This was mainly driven by our improving operating cash flow while partially offset by an increased CapEx in our infrastructure expansion that would position us well for the future growth.

And I would just say simply put, we remain a customer-focused organization and we're responding basically to what we're hearing from our customers that some prefer more of the open architecture system that allows them to customize their gun systems and certainly a wireline company that's already made investments in gun loading shop and wiring personnel, preference there to kind of step beyond from conventional systems to the vapor system.

Karen, you walked through a number of gross margin pressures that you are expecting this year and I was just hoping that you could elaborate a little bit more on the off sense of how you get to flat for the year?

Sir, what is the size of opportunity that we are targeting for, say, industrial walls or Electrofusion fittings or conduits that you indicated?

Environmental Impact Assessment of the project's construction is expected to be approved in the fourth quarter 2016, and the objective for this semester is to continue the construction of our 450 meters exploration ramp, drilling program of 7,000 meters in order to confirm resources and certainty.

Do you need certain occupancy hurdles to commit capital spending on a certain location?

The 2015 annual revenues of the MACOM automotive business are estimated to be around $90 million and we anticipate this transaction to be margin accretive upon closing.

We've hoped that people would force, but may come a day when we do that work ourselves, but I don't think we have yet sufficient firepower to really make it happen.

We don't expect to see -- we don't see this as an indication of a shift in business travel, and therefore, expect that corporate demand will remain steady for 2013.

But we believe that the demand is likely to grow, and suppliers are working on capacity expansion, which is a key reason for our transaction as well to be better able to invest in expanding capacity.

We completed that plan in the first quarter of fiscal 2013 and have exited the microsatellite business.

No, I mean, that would be the range that we will put into the plan of developments.

Can you give a sense of how significant contribution can new product have this year and then as they come into play kind of on the margins, should we expect kind of with other new product launches in recent years the initial revenues they have got, the new product should be low on margin ramp up or have you worked through the processes such that margins can tend at least comparable to where you're getting now?

And secondly, with respect to the commercial assets, I mean I believe, I think the PPT, we have stated that the project in Bangalore of about [ 0.65 million square feet ].

As I just discussed, the scarcity pricing was driven more by a combination of strong load and low renewables, a phenomenon we can expect to see more of in ERCOT over the next decade, particularly as a greater percentage of the supply base is comprised of renewable assets.

Big commitment over the last couple of years in improving our service offering, which is that last slide.

It will also increase molybdenum production by 3,100 tons at an estimated capital cost of $1.2 billion for the whole facility.

But like always, the delivery date will not be postponed, but we are really a reliable partner here, and this is well known and well accepted and really a benefit for Manz in these times that we are really here sticking to our commitments.

For the long term we are confident, our acquisition of BTU and strategy to further diversify our revenue and earnings will prove to be beneficial to our overall performance and provide support for investment in our solar growth opportunities.

In the coming quarters, we will be taking additional steps to improve our performance at a gross profit level and at an SG&A level.

It will be interesting to see the development of this aspect in the future.

Interest rates being what they are at the moment and people expecting interest rate increases, there's been a -- you can see it in the disclosure, there's been quite a shift, from a customer point of view, to fixed.

The impact from our expansion in operating environment on our business is more significant than we expected.

The fifth and last primary objective of our transformation phase was the targeted launch of Overa, our next generation product.

We remain very much on track for a strong year of growth in performance in 2014, our first full year as McGraw Hill Financial.

What do you expect for the second half of the year in raw materials and margins?

Our performance to date and expectations for the second half of the year lead us to raise revenue guidance for the full year for the second consecutive quarter.

So Nicole gave you some numbers regarding cash taxes, which I think, she quoted $15 million benefit next year.

With growth, we expect our margins to improve.

We increased our non-GAAP earnings per share guidance by $0.05 to a range of $6.45 to $6.60, reflecting our expectation of a lower tax rate in 2019.

We expected to start rolling out the customer way, they are one of the larger customers that will do it over many months.

These include, installation of additional pressure-sensing equipment; use of a regulating station risk ranking model to prioritize upgrades; hydraulic modeling of low-pressure systems for the strategic placement of additional pressure-releasing systems; and finally, implementation of a GPS mapping project to precisely locate existing service lines.

It remained the fastest-growing brand in the motorcycle industry so far this season.

I wonder if you could just go back further and say whether you think for the emerging [ph] margins in solutions might be down on '12 before picking back up in '14 or whether you think you can hold flat this year given the project issues.

We've started to roll out time-of-use pricing; pay as you go, which is a type of prepay for the utility industry; demand forecasting, for our customers to be able to better forecast their usage and do the appropriate pricing and hedging to help them with their profitability; faster switching, which we've rolled out in both the U.K. and Australia, which are major regulatory programs to help the industry; and then data and analytics, which I spoke about.

Challenging ground conditions have caused delays in the production sequence and resulted in higher dilution than planned, as mentioned earlier.Combined unit operating costs in the fourth quarter increased by 14% compared to the third quarter, primarily due to higher milling costs in Snow Lake with the ramp-up of the New Britannia mill in the quarter, partially offset by higher tonnes processed.

And so this is the growth rate that we expect to better maintain, and we always knew it was underlying in the business.

Are you including this as part of your second half revenue expectations?

I think, it's important to discuss that Schibsted believes very much in this business.

Garden is, sort of, the Byggmax way with lowest prices and easy to shop with the drive-through solution or Garden product and projects.

First off, I assume that's the impact of stranded overheads.

Our first quarter tax rate is approximately 31% and we expect the full year tax rate to be approximately 31% as well.This slide shows best how Eagle has performed over the last 12 difficult months, an amazing testament of the performance of all of Eagle Materials' employees.

And we are targeting 20% losses in our network leakages in our water network from our current performance of 31%, which is already much better than the average in Italy that is 40%.

Customers in West Africa continue to seek additional units as well.

The facility is expected to be operational in 2015.

Despite the challenges presented by low commodity prices, Newfield has worked to differentiate itself from the pack through solid execution, quality assets and a sound business plan.

But Sean, one thought is that there's a lot of merit for us to be sure that our power project is completed on time and on budget and operational before we consider undertaking a significant capital project.

Management currently expect the company's operating results for this year to be in the range of $35.1 million to $36.4 million or $2.76 to $2.85 per share.

Our referring partner network is a channel that we will continue to develop over the coming months by continuing to work closely with our established partners such the TD Bank, First Data and Sage, while also nurturing new relationships with e-commerce and mobile vendors and other payment technology providers across North America.

As mentioned earlier, we expect to have agreements with more than 30 customers within this current fiscal '21, '22 for Challenges Arena and a lot of them going live within this year itself.

We have to continue to leverage the company, invest in higher-margin projects that mix the company up and continue to operate efficiently.

And do we expect the restructuring charges through the year to kind of rightsize that business?

Regence is a long-time CA Mainframe customer, with Mainframe managing mission-critical applications that affect their billings, payments, claim processing and accounts receivable.

Transportation of refined products increased by 2.2% versus the first quarter of 2014 mainly due to the increase in the naphtha volumes transported in the Pozos Colorados Galán-Apiay system for heavy crude oil dilution and the increase of the volumes transported through the Cartagena-Barranquilla system due to product imports through the Cartagena port intended to cover local demand.

We believe the move to 6.5% reflects a more appropriate leverage threshold in consideration of our overall strategy, asset composition and risk profile.

We're committed to maintaining a healthy balance sheet that positions us to take advantage of strategic investments that complement our core business and provide strong investment returns when they arrive.

And finally, we reiterate our target of mid-teen operating margins within the next 24 months.

Our earnings release provides an extensive amount of detail about the results for both the fourth quarter and the year, and so my comments today will primary focus on the major points of those as well as our expectations for 2016 and any comparative points you might want to take note of your modeling.

We also expect our custom Services business to improved nicely in 2011, with continued success of projects like the special derivatives business for par excellance.

But really it's down to our hedging activities, seeking to insulate ourselves from interest rate movements, and the fact that, that mark occurs from quarter-to-quarter and point-to-point.

So I think as we provided in our Investor Day, what gives us confidence is really the new properties that we're going to be putting in place.

I just wanted know how significant a skew should we expect in terms of the phasing of your profits return for this year?

Our 2.8-megawatt fuel cell power plant at a renewable energy park will generate continuous power, helping utility owner balance intermediate of a solar array.