Newmark Group, Inc. (NASDAQ:NMRK) Q2 2018 Results Earnings Conference Call August 2, 2018 11:00 AM ET

Thanks and [Indiscernible]. We issued our second quarter 2018 financial results press release and a presentation summarizing our results these results this morning. You can find these documents at ir.ngkf.com.

Unless otherwise stated, the results provided on today's call compare only the second quarter of 2018 with the year earlier period. We'll be referring to results on this call only on an adjusted earnings basis, unless otherwise stated. We may also refer to adjusted EBITDA. Please see today’s press release results on the generally accepted accounting principles or GAAP. Please note that for all periods in the third quarter of 2018 onward we will simplify a definition of adjusted EBITDA so that the term excludes GAAP charges with respect to allocations and net income to limited partnership units. Therefore the term adjusted EBITDA will be consistent with what we now refer to as adjusted EBITDA before allocation to units.

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