Patrick Nolan | BorgWarner, Inc. |
James R. Verrier | BorgWarner, Inc. |
Ronald T. Hundzinski | BorgWarner, Inc. |
David Leiker | Robert W. Baird & Co., Inc. |
Colin Langan | UBS Securities LLC |
Rod Lache | Deutsche Bank Securities, Inc. |
Noah Kaye | Oppenheimer & Co., Inc. |
Armintas Sinkevicius | Morgan Stanley & Co. LLC |
Ryan Brinkman | JPMorgan Securities LLC |
Joseph Spak | RBC Capital Markets LLC |
Chris McNally | Evercore ISI |
John Murphy | Bank of America Merrill Lynch |
Rich M. Kwas | Wells Fargo Securities LLC |
Good morning. My name is Dan, and I'll be your conference facilitator. At this time, I would like to welcome everyone to the BorgWarner 2018 First Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer period.