Good day, ladies and gentlemen, and welcome to the INTL FCStone Q1 Fiscal Year 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, today’s conference is being recorded. I would now like to turn the conference over to Mr. Bill Dunaway, CFO. Sir, you may begin.

Good morning. My name is Bill Dunaway. Welcome to the earnings conference call for our fiscal 2018 first quarter ended December 31, 2017. After the market closed yesterday, we issued a press release reporting our results for the fiscal first quarter. This release is available on our website at www.intelfcstone.com as well as a slide presentation that we will refer to on this call in our discussions of our quarterly. You’ll need to sign on to the live webcast in order to view the presentation. Both the presentation and an archive of the webcast will also be available on our website after the call’s conclusion. Before getting underway, we’re required to advise you and all participants should note, that the following discussion should be taken in conjunction with the most recent financial statements and notes thereto as well as the Form 10-Q filed with the SEC. This discussion may contain forward-looking statements within the meaning of Sections 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements involve known and unknown risks and uncertainties, which are detailed in our filings with the SEC. Although the Company believes that its forward-looking statements are based upon reasonable assumptions regarding its business and future market conditions, there could be no assurances that the Company’s actual results will not differ materially from any results expressed or implied by the Company’s forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that any forward-looking statements are not guarantees of future performance. With that, I’ll now turn the call over to Sean O’Connor, the Company's CEO. Sean O’Connor: Thanks, Bill. Good morning everyone and thanks for…

Thank you, Sean. I’ll be referring to slides and the information we have made available as part of the webcast specifically starting with Slide number 3, which shows our performance over the last five fiscal quarters. As Sean noted, in the first quarter we had several items of note including a provision of $20.9 million discreet tax charge related to the enactment of the Tax Cuts and Jobs Act and an additional $1 million bad debt expense on physical coal, which we discussed on our fourth quarter earnings call. The 20.9 million tax charge is made up of an 8.9 million re-measurement of deferred tax assets and liabilities from a 35% federal corporate rate down to the new 21% effective rate and a 12 million charge related to the deemed repatriation transition tax on previously un-tax accumulated earnings and profits of our foreign subsidiaries. The top of Slide number 3 of the chart which depicts our reported net income, earnings per share and ROE over the last five quarters while the bottom on the slide shows the same metrics on an adjusted basis. We're moving in effect of the two items I just mentioned in the first quarter of fiscal 2018, as well as the $39.4 million bad debt on physical coal net of incentive recaptures in the immediately preceding fourth quarter. The bottom graph shows the strong growth we have seen in the last few quarters in our core operating results which resulted in our adjusted ROEs of 13.2% and 12.1% for the fourth quarter of fiscal 2017 and the current period respectively, with the combined dollar $1.61 and adjusted earnings per share for the six months period. Moving onto Slide number 4, which represents a bridge between operating revenues for the first quarter of last year to the…

Sean O’Connor: All right, it doesn’t look like we have any questions. So, once again, thanks for your time and attention, and we will be speaking to you in three months. Thank you.

Ladies and gentlemen, thank you for participating in today’s conference. This includes today's program. You may all disconnect. Everyone have a great day.