Catherine Suever | EVP, Finance & Administration and CFO |
Thomas Williams | Chairman and CEO |
Lee Banks | President and COO |
Adam Farley | Stifel Nicolaus |
Joel Tiss | BMO Capital Markets |
Jamie Cook | Credit Suisse |
Mig Dobre | Robert W. Baird & Co. |
Ann Duignan | JPMorgan |
Joe Ritchie | Goldman Sachs |
David Raso | Evercore ISI |
Andy Casey | Wells Fargo Securities |
Jeff Hammond | KeyBanc Capital Markets |
Dillon Cumming | Morgan Stanley |
Neil Frohnapple | Buckingham Research |
Timothy Thein | Citi Research |
Steve Volkmann | Jefferies |
Good day, ladies and gentlemen, and welcome to the Q1 2018 Parker-Hannifin Corp. Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time. [Operator Instructions] As a reminder, today's conference is being recorded.