Irene Holman | Vice President of Investor Relations |
Donald Macpherson | Chairman and Chief Executive Officer |
Thomas Okray | Senior Vice President and Chief Financial Officer |
Ryan Merkel | William Blair & Company LLC |
David Manthey | Robert W. Baird & Co. Inc. |
Nigel Coe | Wolfe Research |
Christopher Glynn | Oppenheimer & Co. Inc. |
Adam Uhlman | Cleveland Research Company |
Deane Dray | RBC Capital Markets |
John Inch | Gordon Haskett Research Advisors |
Patrick Baumann | JPMorgan Chase & Co. |
Christopher Dankert | Longbow Research LLC |
Hamzah Mazari | Jefferies LLC |
Michael McGinn | Wells Fargo Securities, LLC |
Justin Bergner | G. Research, LLC |
Greetings, and welcome to the W.W. Grainger First Quarter 2020 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] As a reminder, this conference is being recorded.