Vincent Keenan | Avnet, Inc. |
William J. Amelio | Avnet, Inc. |
Thomas Liguori | Avnet, Inc. |
Philip R. Gallagher | Avnet, Inc. |
Jim Suva | Citigroup Global Markets, Inc. |
Param Singh | Bank of America Merrill Lynch |
Adrienne Colby | Deutsche Bank Securities, Inc. |
Matthew John Sheerin | Stifel, Nicolaus & Co., Inc. |
Adam Tindle | Raymond James & Associates, Inc. |
William Stein | SunTrust Robinson Humphrey, Inc. |
Shawn M. Harrison | Longbow Research LLC |
Mark Delaney | Goldman Sachs & Co. LLC |
Steven Fox | Cross Research LLC |
Lou Miscioscia | Pivotal Research Group LLC |
Please stand by, our presentation will now begin. I'd now like to turn the call over to Vince Keenan, Avnet's Vice President of Investors Relations.
Good morning and welcome to Avnet's third quarter of fiscal year 2018 business and financial update.
As we provide the highlights for our third quarter fiscal year 2018, please note that in the accompanying remarks, we have excluded certain items including accelerated depreciation, intangible asset amortization expense, goodwill impairment, restructuring, integration and other items and certain discrete income tax adjustments from all periods covered in our non-GAAP results. When we refer to constant currency or the impact of foreign currency, we mean the impact due to the change in foreign currency exchange rates when translating Avnet's non-U.S.