Irene Holman | Vice President of Investor Relations |
D. G. Macpherson | Chairman and Chief Executive Officer |
Tom Okray | Senior Vice President and Chief Financial Officer |
Ryan Merkel | William Blair |
Christopher Glynn | Oppenheimer |
Adam Uhlman | Cleveland Research |
Steven Winoker | UBS |
Luke Junk | Baird |
Nigel Coe | Wolfe Research |
Deane Dray | RBC Capital Markets |
Evelyn Chow | Goldman Sachs |
Ryan Cieslak | Northcoast Research |
Justin Bergner | Gabelli and Company |
Scott Graham | BMO Capital Markets |
Patrick Baumann | JPMorgan |
Hamzah Mazari | Macquarie Capital |
Steve Barger | KeyBanc Capital Markets |
John Inch | Gordon Haskett |
Greetings, and welcome to the W.W. Grainger Third Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions].