Operator: Ladies and gentlemen, thank you for standing by. Welcome to Textron's Second Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. (Operator Instructions). As a reminder, this conference is being recorded.
I would now like to turn the conference over to our host, Doug Wilburne, Vice President of Investor Relations. Please go ahead.
Douglas R. Wilburne - VP, IR: Thanks, Robert. Good morning everyone. Before we begin, I'd like to mention that we will be discussing future estimates and expectations during our call today. These forward-looking statements are subject to various risk factors, which are detailed in our SEC filings and also in today's press release.
On the call today, we have Scott Donnelly, Textron's President and CEO; and Frank Connor, Textron's Chief Financial Officer. We are originating our call from London today, as Scott and Frank are here meeting with customers and industry participants in conjunction with the Farnborough Airshow Our customary earnings call presentation can be found in the Investor Relation section of our website.
Moving now to second quarter results, which appear on Slide 3 of the presentation, revenues in the quarter were $2.7 billion, up 3.7% from a year ago, which yielded GAAP earnings per share from continuing operations of $0.27. This compares to a $0.23 per share loss in last year's second quarter.
We incurred $0.02 per share on restructuring charges in the quarter. So second quarter EPS from continuing operations before special charges was $0.29 per share compared to $0.08 a share a year ago. The manufacturing operations generated $170 million in free cash flow during the quarter.
With that, I'll turn the call over to Scott.
Scott C. Donnelly - President and CEO: Thanks, Doug, and good morning everyone. We're pleased with solid resumption of top line growth in the quarter, reflecting expansion of our defense businesses and recovery in our early cycle markets.
While the pace of the recovery remains uncertain with the European sovereign debt concerns having negatively impacted business and consumer confidence during the quarter, we do believe the ability of our businesses to generate profits and cash in the cycle is apparent in our second quarter results.
So let's take a look at how that played out in our businesses, starting with Industrial where revenues were up about 30%. We continue to achieve good conversion on this revenue growth, as we posted a segment margin of 7.7%. This reflects the positive impact our cost reduction programs are having.
At the same time, we're also focusing on new product development to drive growth. For example, during the quarter, we introduced EZ-GO's new low-speed road vehicle, the 2Five. 2Five is a zero-emission electric vehicle that meets regulatory standards for use on 35-mile an hour and under public roads.
We believe the EZ-GO brand will work well in this market and customer demand during the product's introduction launch has been positive. With the public's attention on energy conservation, we believe this will be a good growth opportunity for us that leverages our current capabilities.