Mark Melnyk | Vice President of Investor Relations |
Mark Wang | President & Chief Executive Officer |
Dan Mathewes | Chief Financial Officer |
Jared Shojaian | Wolfe Research |
Stephen Grambling | Goldman Sachs |
Brandt Montour | JPMorgan |
David Katz | Jefferies |
Patrick Scholes | SunTrust |
Good morning, and welcome to the Hilton Grand Vacations First Quarter 2020 Earnings Conference Call. A telephone replay will be available for seven days following the call. The dial-in number is 844-512-2921 and enter pin number 13697041. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the presentation. [Operator Instructions]