Bread Financial Holdings, Inc.

Good morning and welcome to the Alliance Data First Quarter 2019 Earnings Conference Call. At this time, all parties have been placed on a listen-only mode. Following today's presentation, the floor will be opened for your questions. To ask a question over the phone, simply press star then the number one on your telephone keypad. To withdraw your question, press the pound key. In order to view the company's presentation on their website, please remember to turn off the pop-up blocker on your computer. It is now my pleasure to introduce your host, Ms. Vicky Nakla of Advisory Partners. Madam, the floor is yours.

Thank you, Operator. By now, you should have received a copy of the company's first quarter 2019 earnings release. If you haven't, please call Advisory Partners at 212-750-5800. On the call today, we have Ed Heffernan, President and Chief Executive Officer of Alliance Data, and Charles Horn, Chief Financial Officer of Alliance Data. Before we begin, I would like to remind you that some of the comments made on today's call and some of the responses to your questions may contain forward-looking statements. These statements are subject to the risks and uncertainties described in the company's earnings release and other filings with the SEC. Alliance Data has no obligation to update the information presented on the call. Also on today's call, our speakers will reference certain non-GAAP financial measures, which we believe will provide useful information for investors. Reconciliation of those measures to GAAP will be posted on the Investor Relations website at AllianceData.com. With that, I would like to turn the call over to Ed Heffernan. Ed?

Great. Thanks, Vicki. And good morning, everyone. Joining me today, as always, is Charles Horne, our CFO. We're going to update you on first quarter results, the pending divestiture of Epsilon, and provide some insights into the ongoing businesses, also some new news that we'll share with you regarding some of the initiatives we've undertaken here at the company to make sure that we have the appropriate footprint on a go-forward basis. So lots of progress has been made. And with that, I'll turn it over to Charles.