Good morning. My name is Laurie, and I will be your conference operator today. At this time, I would like to welcome you to the Optical Cable Corporation Third Quarter of Fiscal Year 2017 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. [Operator Instructions] Thank you. Mr. Siegel, you may begin your conference.

Thank you. Good morning and thank you all for participating on Optical Cable Corporation's third quarter of fiscal year 2017 conference call. By this time, everyone should have a copy of the earnings press release issued earlier today. You can also visit occfiber.com for a copy. On the call with us today are Neil Wilkin, President and Chief Executive Officer of OCC, and Tracy Smith, Senior Vice President and Chief Financial Officer. Before we begin, I’d like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties. The actual future results of Optical Cable Corporation may differ materially due to a number of factors and risks including, but not limited to, those factors referenced in the forward-looking statements section of this morning's press release. These cautionary statements apply to the content of the internet webcast on occfiber.com as well as today's call. With that, I’ll turn the call over to Neil Wilkin. Neil, please begin.

Thank you, Andrew, and good morning, everyone. I will begin the call today with a few opening remarks regarding our third quarter of fiscal year 2017. Tracy will then review the third quarter results for the three-month and nine-month periods ended July 31, 2017 and some additional detail. After her remarks, we will answer as many of your questions as we can. As is our normal practice, we will only take questions from analysts and institutional investors during the Q&A session. However, we also offer other shareholders the opportunity to submit questions in advance of our earnings call. Instructions regarding such submissions are included in our press release announcing the date and time of our call. During the first nine months of fiscal year 2017, OCC significantly improved gross profit and bottom-line performance. After strengthening in the first half of the year, net sales were weaker in our enterprise markets during the third quarter. We believe this market weakness is temporary. We continue taking steps and we are confident we'll improve long-term performance including executing on sales and business development efforts as well as product innovation. These efforts have helped us increase net sales in the past two consecutive quarters despite weakness in certain of our specialty markets. Further we are confident that these efforts will drive future growth and enhance shareholder value. OCC will continue to focus time and resources on those markets with the greatest opportunities will also appropriately position OCC in markets which offer future opportunities for us in the long-term. We continue to be mindful of our expenses as we make appropriate investments in personnel and initiates that we believe are necessary for future growth. We are confident that we are positioning OCC for success and we are focusing on building this important momentum to further improve our top and bottom-line through execution of our strategic plan. And with that, I will turn the call over to Tracy Smith, who will review some of the specifics regarding our third quarter financial results.

Thank you, Neil. Consolidated net sales for the third quarter of fiscal 2017 were $16.4 million, a decrease of 2.9% compared to net sales of $16.9 million for the third quarter of fiscal 2016, primarily resulting from weakness in enterprise market during the third quarter. The increased net sales in our specialty markets in the third quarter of fiscal 2017 compared to the same period last year, overcoming continued weakness in the military portions of our specialty markets. The increase in net sales in our specialty markets was not sufficient to overcome the decrease in net sales in our enterprise markets. Sequentially, net sales increased 3.7% and 12.5% respectively in the third quarter of fiscal 2017, compared to net sales of $15.8 million and $14.6 million for the second and first quarters of fiscal 2017. Consolidated net sales for the first nine months of fiscal 2017 decreased slightly to $46.9 million compared to net sales of $47.3 million for the first nine months of fiscal 2016. We experienced the decrease in net sales in both our enterprise and specialty markets in the first nine months of fiscal 2017, compared to the same period last year. Turning to gross profit, gross profit was $5.3 million in the third quarter of fiscal 2017, a decrease of 2.9% compared to $5.5 million in the third quarter of fiscal 2016. Gross profit margin or gross profit as a percentage of net sales was 32.3% in the third quarters of both fiscal 2017 and 2016. Year-to-date gross profit increased 16.7% to $15.8 million in the first nine months of fiscal 2017, compared to $13.5 million in the first nine months of fiscal 2016. Gross profit margin increased to 33.7% in the first nine months of fiscal 2017, compared to 28.6% in the first nine months…

Thank you, Tracy. And now if you have any questions, we are happy to answer them. Operator, if you could please indicate the instructions for our participants to call in any questions they may have I would appreciate it.

Thank you. Andrew, are there any questions that were submitted by individual investors in advance of today's call?

No, Neil. At this time, we did not have any questions submitted by individual shareholders.

Okay. I would like to thank everyone for listening to our third quarter conference call today. As always we appreciate your time and your interest in OCC. Thank you.

Thank you for participating in the Optical Cable Corporation third quarter of fiscal year 2017 earnings conference call. You may now disconnect.