Operator

Greetings, and welcome to Interparfums Inc. First Quarter 2026 Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Devin Sullivan, Managing Director at the Equity Group and Interparfums Investor Relations representative. Thank you. You may begin.

Devin Sullivan
The Equity Group, Inc.

Thank you, Rob. Good morning, everyone, and thank you for joining us today. Joining us on the call today will be Chairman and Chief Executive Officer, Jean Madar; and Chief Financial Officer, Michel Atwood.

As a reminder, this conference call may contain forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from projected results. These results -- these factors may be found in the company's filings with the Securities and Exchange Commission under the headings Forward-Looking Statements and Risk Factors. Forward-looking statements speak only as of the date on which they are made, and Interparfums undertakes no obligation to update the information discussed. Interparfums' consolidated results include two business segments: European-based operations through Interparfums SA, the company's 72% owned French subsidiary; and United States-based operations.

It is now my pleasure to turn the call over to Jean Madar. Jean, please go ahead.

Jean Madar
Co-Founder, Chairman & CEO

Thank you, Devin, and good morning, everyone, and thank you for joining us on today's