Bryan B. DeBoer | Lithia Motors, Inc. |
Christopher S. Holzshu | Lithia Motors, Inc. |
John F. North | Lithia Motors, Inc. |
Bret Jordan | Jefferies LLC |
Chris Bottiglieri | Wolfe Research LLC |
Steven L. Dyer | Craig-Hallum Capital Group LLC |
James J. Albertine | Consumer Edge Research LLC |
Rick Nelson | Stephens, Inc. |
Armintas Sinkevicius | Morgan Stanley & Co. LLC |
John Murphy | Bank of America Merrill Lynch |
David Whiston | Morningstar, Inc. (Research) |
Good morning and welcome to the Lithia Motors First Quarter 2018 Conference Call. Management may make statements about future events, including financial projections and expectations about the company's products, markets and growth. Such statements are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from the statements made. The company discloses material risks and uncertainties in its filings with the Securities and Exchange Commission. The company urges you to carefully consider these disclosures and not to place undue reliance on forward-looking statements.