Adam Morse | SVP Corporate Finance and Treasurer |
Eilif Serck-Hanssen | CEO |
Ricardo Berckemeyer | President and COO |
JJ Charhon | CFO |
Jeff Silber | BMO Capital Markets |
John Mazzoni | Macquarie Capital |
Nick Nikitas | Baird |
Marcelo Santos | JP Morgan |
Caio Moscardini | Morgan Stanley |
Peter Appert | Piper Jaffray |
Shlomo Rosenbaum | Stifel |
Ryan Leonard | Barclays |
Hello, and welcome to the Fourth Quarter 2018 Laureate Education, Inc. Earnings Conference Call. My name is Brandon, and I'll be your operator for today. [Operator Instructions] Please note, this conference is being recorded. And I will now turn it over to Adam Morse.