Hello. This is Laura Brown, Senior Vice President of Communications and Investor Relations. With me is Bill Chapman, Senior Director of Investor Relations. The purpose of this podcast is to provide you with additional information regarding Grainger's 2015 second quarter results. Please also reference our 2015 second quarter earnings release issued on July 17th, in addition to other information available on our Investor Relations Web site to supplement this podcast. Before we begin, please remember that certain statements and projections of future results made in the press release and in this podcast constitute forward-looking information. These statements are based on current market conditions, and competitive and regulatory expectations, and involve risk and uncertainty. Please see our Form 10-K for a discussion of factors that relate to forward-looking statements. Today we reported results for the 2015 second quarter, and updated our sales and earnings per share guidance for the full year. We delivered a solid quarter from an EPS standpoint. And while our gross profit margin was less than we expected, we were able to generate positive cost leverage as an offset. I'd like to share with you what we are seeing in the market. We remain in a soft demand environment. Deflationary commodity prices, the strength of the U.S. dollar, and the economy in Canada continue to be headwinds. Despite all of this, we continue to gain share with customers who value a broad product offering, inventory management services, technical services, and fast, reliable delivery. In addition, we are growing rapidly with small customers through Zoro, and MonotaRO. And we remain focused on productivity to fund our growth and infrastructure investments and reduce the effect of lower gross profit margins. Last month, we announced that D.G. Macpherson will assume the newly created role of Chief Operating Officer, effective August 1st.…