Timothy J. Perrott | Two Harbors Investment Corp. |
Gerry P. Smith | Office Depot, Inc. |
Joseph T. Lower | Office Depot, Inc. |
Elizabeth L. Suzuki | Bank of America Merrill Lynch |
Kate McShane | Citigroup Global Markets, Inc. |
Michael Lasser | UBS Securities LLC |
Christopher Horvers | JPMorgan Securities LLC |
Good morning, and welcome to Office Depot's Third Quarter 2018 Earnings Conference Call. All lines will be on a listen-only mode for today's call after which instructions will be given in order to ask a question. At the request of Office Depot, today's call is being recorded. I would like to introduce Tim Perrott, Vice President, Investor Relations. Mr.