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This gives us a great confidence as we continue on our road to 425 plus restaurants.While the cost pressures facing our business and our fellow competitors are real, our focus is to drive traffic and check in a way that does not hurt our tremendous value equation, and in fact, keep strengthening it.

Going forward, we are taking mitigating actions and every precaution to help ensure that the safety and wellbeing of our employees, customers and their patients will remain safe.

We ended the year with less than $3 billion in debt, beating our target, and that despite the delay of the $200 million tax refund into 2010.

And by providing targeted membership benefits and services for these people and to improve their experience on our platform, so that more and more high-value users can be converted to Super VIP members.

As companies turn to us to make changes like this in their buying experience, we believe we have a tremendous opportunity to transform how companies sell, grow and outperform.

Pretax profit margins are planned in the 8.7% to 9.4% range which on a reported basis are down 10 to up in 60 basis points over the prior year.

We believe there is ample cash on hand and liquidity in the working capital to fund our business and continued strategic investments.

Into financial year '22, if you start with the income statement, from what we know today and for every plan, certainly, the plan is to revert back, and maybe even exceed, 2019 levels for some brands; jet comfortably to deliver close to ZAR 6 billion or more, hopefully, in revenue; and the profit line, what is obviously a big focus, definitely going towards by the end of the year, our debt profited impose GP that improved from 32% to close to 40%.

Please note that Amerant has no obligation and makes no commitment to update or publicly release any revisions to forward-looking statements in order to reflect any informations or subsequent events, circumstances or changes in expectations.

Even after reviewing our TARP, we believe that we continue to be very well positioned from a capital standpoint, particularly given the amount of capital that we are consistently generating from our operations now.

Our other rigs are also operating efficiently and meeting the drilling timelines we planned.

Employment concerns and wavering consumer confidence will negatively impact discretionary spending.

And just in terms of the FDA panel, how do you plan on really emphasizing the advantage of an on-demand dosing regimen?

Percentage of the consolidated portfolio tied to customers who have been granted modifications has been steady, and those loans are performing better than expected.

And this remaining 5% coming from EP file loans and some local construction loans from local financial institutions in New York.

Recycling assets over the past year has enabled us to maintain the strength of our balance sheet while allocating capital towards new investment opportunities that offer strong growth prospects.

We do the slight adjustments in order to have more even sales over the year in the future, and we have a strong belief we can do this, to have the same volumes then in the future with better terms.

So after the second quarter, there will be no legacy asset purchase commitments remaining on the balance sheet, which is a very positive effect, of course, on our cash flow going forward.

So therefore, we expect to see revenues start to increase moderately in Q4 for the earliest announced wins with the majority ramping during 2017.

We also expect healthy U.S. federal demand as well as continued strong execution in our Hyve business.

And our average lease duration is currently at 6.4% or 6.6% if you include the projects.

We believe in moving from software to software-as-a-service [Audio Gap] And we're looking at retail and related spaces.

And with that, cash generation remains strong, with the agreed FBO disposals having been completed, driving leverage down to 3.2x on a covenant basis.

We have great expertise in advanced electronics manufacturing and that's the technology we will need for the future success of our company and that's why it remains an important part of our business model.

As a demonstration of improving product mix, our premium BT Plus proposition continues to exceed our initial expectations with take-up having grown to around 25% of BT's broadband base, while our EE brand added a new top rung to its pricing ladder with the introduction of unlimited plans.

We've been executing the integration plan as a critical step in our transformation, and also as you've seen throughout the quarter, making key investments that we know will spark our future growth in the key areas of our strategy.

I'm going to comment on our outlook for 2010 and then turn it back over to Dick for questions.Last quarter, we noted that we expected to see some improvement in our net interest margin and that did in fact occur as the margin increased 8 basis points to 420.

Now we have a wing of shop space and the old Nordstrom building so in total it must be 180,000 feet of space to rethink and redo at Cerritos big opportunity, Tysons Corner, we’ve got to be just perfected a re-approval of the proper with the county Fairfax County with respect to the residential, the office and hotels component of Tysons Corner, and based upon some agreements that we reached with the county and some rethinking on the design, we now have green lighted the project to move forward with architects of brokers on the residential component and on the office component and my anticipation would be that project probably would make sense to deliver around the time with the rail land at Tysons Corner which will be around the end of 2013, 2014.

So for this year, we would say, of the order of GBP 3 million, and next year, of the order of GBP 8 million.

We’re working very hard on our internal business plan at this point, it is that season and the economy is beginning to improve, and we are seeing some better performers on un-collectables, but it’s really cost management that is our primary focus across all the functions of the business.

We believe this will work to our advantage in the long-term and set us up for success.Understanding a live product requires collaboration across many disciplines, including process development, clinical, research, translational sciences, and biometrics.

In addition to the long-term value we can create with the merger, we have solid plans in place and are executing on $65 million of cost synergies, which I believe represents an insurance policy for profit growth in 2023.

We remain focused on simplified merchandising, clear brand signage, size fixtures, well-organized selling floors and a better alignment of selling hours to customer traffic, which all translate into a better customer experience.

And then on the topic of autos, I was wondering if you could offer any comments with respect to where Performance Coatings -- where you think Performance Coatings fits into your portfolio in the future?

And we expect to reduce our free cash flow burn for full year 2020.

Some projects are postponed, some are made a little bit earlier.

The non-GAAP effective tax rate for Q3 was 15.4% and lower than forecasted.

I was very excited about that project, and we championed that for many years.

The 2 areas, I believe, our strategy that still requires work is our international business.

As we've previously discussed, our effective tax rate may differ from this estimate due to, among other things, changes in the geographic allocation of our pretax earnings as well as changes to interpretation of the U.S. Tax Cuts and Jobs Act.

As we head into 2017, we expect to remain an industry leader in operating cost efficiency.

We anticipated tax rate between 26% and 28% for the full year, excluding the impact of current and possible future settlements on the tax rate.

We are just beginning to see the stimulus funds flow through to the intended recipients.

But I think what's -- so those are strategic growth projects for them.

Monetization and leading-edge technology challenges have made this a somewhat disappointing market so far, but we continue to believe these challenges will eventually be overcome, and therefore we continue to invest in market and technology leadership.

But what we also have going for us now with OpenStack is customers and prospects are looking at us as a technology thought leader about how to best utilize and adopt this technology.

But as we mentioned, with Olefins having a record quarter, you would expect that we'd have a much higher receivable balance.

But there are absolutely -- in our expectations, there are some pretty significant wins that need to be in there in multiple product areas.

As previously announced, the Stussy and Naturalizer licenses were not renewed, and the business decided to exit the unprofitable Diesel license.

Targeted spending in both areas is aimed at fueling long-term growth and scale.

So what we have done is purposely targeted the area around Prominent Hill that if we were successful in finding something of economic grade, you wouldn't have to reconstruct the plant, et cetera.

In addition, there could be some earlier projects with our Canem systems group.

The development plan for this area provides the highest level of environmental protection ever proposed for any oil and gas development on public land.

The cost development and the top line outlook now for 2016?

The fact that we've been able to realize more synergies than expected right now has mostly to do to the fact that we -- there was simply a larger potential when we got in there, also with the development until, yes, until we took over.

And there was -- there is a contingency plan to support company's operation, and there was no new problems in operating in this way for the company.

When our actuaries tell us our renewal pricing versus our new business pricing, it’s virtually identical.

Every month, prices are going up, and this opens up a big opportunity to move into retail market of selling petrol and diesel in the country in a big way, and that's going to give us a major boost going forward in our EBITDA from our existing network alone, but we are already started working, sensing that it's going to happen in the near future to increase our retail network, and the team is already on the subject.

As we continue to grow new products and accelerate global expansion, we review management assets to support value chain.

Today's Green Dot customer appears to be a more committed customer who uses the product as is intended to be used.

Surmodics disclaims any duty to update or revise our forward-looking statements as a result of new information, future events, developments or otherwise.

In the safety business, we expect further recovery in general safety products and a gradual improvement in the retail channel as our go-to-market transition from a distribution model to a direct sales model is executed.

We estimate that on our acreage position, more than 80% of our acreage will be developed in the future on extended reach lateral development.

Strong EBITDA generation, together with the shift in CapEx, will support our cash flow positively in the coming periods.

We generally think that demand was deferred out of the first quarter and will be made up in subsequent quarters.

We expect our first quarter 2020 ending community count to be up 1 community on a sequential basis, and for the full year, we plan to open approximately 12 new communities, 7 of which are located in Phoenix.

You sort of touched on the last question but the same facility revenue declined but overall revenue came in ahead of expectation.

Prices going down can be consumer confidence, but you're right, the real factor in the industry is that Harvey sales are down, and that's I think, although I think -- it's good to continue for years I just think that's that of a glitch because there is still that of can in Melbourne but the consumer confidence probably will be down because of the price.

During the third quarter of 2019, we invested approximately $150 million in growth capital projects and have invested approximately $510 million year-to-date.

Our high maintenance renewal rates highlight the value of our products and the loyalty of our large on-premise customer base.

At Farnborough International Air Show in England, new plane orders through Wednesday morning totaled over 600 commercial passenger aircraft, with the largest demand from Asia, Middle Eastern and North American carriers.

Our installation pace continues to be robust, and our theater deal pipeline remains healthy.

We're looking to make the investments and accelerate in certain areas to position the bank for growth in the top line headwinds that we're going to face.

Certainly in its kind of ultimate development could be as much as several hundred million dollars, although the development of that is going to be slower than we expected it to be.

We projected we would see sequential improvement in adjusted EBITDA this year, and we did.

We benefited from a more normalized loan loss provision in Q3 and remain in line with full year guidance.

So we will try to consolidate it in the gross margin and [indiscernible] on suppliers time, so we don't have plan to further pass-through of our increase wage hike, and we don't have time to further increase the gross margin.

This reflects operating leverage and the strength of our online business, partially offset by targeted technology and brand investments that will advance our long-term business momentum.

This includes the impact of mark-to-market valuation for certain grain inventories and commodity hedges we'll use in future periods.

We continue working on our strategic targets, developing new generation projects and achieving synergies and efficiencies with Enel.

We believe our major global businesses stand to gain meaningfully in the coming year.

As we look to the remainder of the year, the delivery of these Q3 results give us confidence in our guidance for full year -- for fiscal '19 with an adjusted operating income expected to be between $950 million and $1 billion at constant currency, which implies a solid profit performance in the fourth quarter of '19 despite expected continued weakness in top line.

We believe the current VC market conditions represent a sustainable pace of fundraising and investment.

Perhaps most importantly, we have deep relationships across the pharmaceutical industry that we believe can be leveraged as we seek to solidify and expand our pipeline in the future.

Given their priority for weapon system spending as opposed to communication spending right now, we continue to expect no meaningful bookings or sales for the rest of fiscal 2022.

And in the future, we believe that the x U.S. markets will make a significant contribution to our business.

So I think it just underlines that we are delivering on what we were saying that our goal is to continue to manage this company sustainably and responsibly in order to be able to build the new -- build the new games and new sources of growth and have the resources for the development and the marketing.

Second half comparisons will be more difficult, given anticipated receipts, lower anticipated receipts.The Corporation's financial position remains strong.

Well, we always are concerned about future order book trends in all our businesses, in all our countries.

We are mindful of our obligations to all investors, including our debt investors and have set a goal of deploying at least 100% of free cash flow to support acquisitions, share repurchases and/or incremental dividend as opportunities warrant.

A key element of about OPAP's strategy is to ensure that we remain an important member of the communities in which we operate.

So it's an appropriate time to pause for a moment and acknowledge all those on the team who have been working so diligently and effectively to ensure that this project is a success.

They're not all pretty dependent on each other, but that's how we've managed to deliver -- that's actually how we managed to deliver the strong operating and financial results today, and it's how I'd expect us to continue to do that in the future.

After we did the backlog as of January 31, shortly after that, we added another $20 million of announced contracts.

Also, related to our capital structure, investors have experienced our commitment to returning capital to increase shareholder value.

You'll have better visibility on buyers closing dates, which gives the salespeople confidence and with consistency in underwriting.

Total impact including absorption and margin is estimated to be the in $15 million to $17 million range.

We expect to close on our new bonds and term loan A tomorrow along with a bulk of the tendered and redeem bonds tomorrow and Thursday.

In Austria, we increased, according to our planned strategy the SAC and SRCs were 56%, in order to support the high-value customer focus.

We now anticipate that we will be at the high end of that range, and if the strong market conditions continue, we could surpass the high end of that range.