With that, I'll turn the call over to Jeff.Jeffrey R. Tarr Thanks, David. Good afternoon, and thanks to everyone for joining us this afternoon. We had a strong second quarter, exceeding expectations. We grew revenue at a double-digit rate for the third straight quarter. We delivered significant EBITDA margin expansion, improvement in free cash flow and EPS growth, demonstrating the operating leverage in our business. And subsequent to quarter close, we announced our business combination with GeoEye. Taken together, these developments mark a significant step forward in the transformation of DigitalGlobe into a high growth, recurring revenue, geospatial information business that delivers compelling value to customers and solid returns to shareowners. On today's call, I'll first run through our financial highlights. I'll then discuss a couple of important strategic points about our combination with GeoEye and how it advances our long-term strategy. I'll then turn the call over to Yancey to provide more detail on our results and the financial aspects of our combination. Following Yancey, I'll make some closing comments, and we'll open the call up to your questions. First, for the financial highlights. Second quarter revenue was a record $101.8 million, up 23% year-over-year with double-digit growth in both our Defense & Intelligence and Commercial segments. Our EBITDA margin in the quarter was 47.1%, up 720 basis points compared with the year ago. We generated positive free cash flow at approximately $4 million, up from negative cash flow of $17 million in Q2 of last year. And earnings per share was $0.21 compared with a net loss of $0.02 per share last year. Our much improved EBITDA margin, free cash flow and EPS were all achieved despite incurring $2 million in expenses related to our combination with GeoEye. In addition to our strong top and bottom line growth in the quarter, I'm pleased to report our 12-month backlog was up 32%, positioning us well for continued strong growth in future quarters.
Across the board, our performance has exceeded expectations and positions us well to both the balance of 2012 and 2013. I'll now turn to more detailed results by segment and customer category.Our Defense & Intelligence segment grew 27% to $81.4 million, with 12-month backlog up 26% compared to prior year. Within the segment, our U.S. government business was strong, up 34% in total, driven by a step-up in revenue from the Service Level Agreement and by a strong contribution from our value-added services business, which generated more than $9 million in the quarter. The only disappointment in an otherwise stellar quarter was a $208,000 hold back. This was triggered when we missed one metric by 0.4%. We've taken remedial action and are back on track to again exceed the metric going forward. Read the rest of this transcript for free on seekingalpha.com