Operator

Good morning. My name is Erica, and I will be your conference operator today. At this time, I would like to welcome everyone to the Pangaea Logistics Solutions First Quarter 2026 Results Conference Call. Today's call is being recorded and will be available for replay beginning at 11:00 a.m. Eastern. The recording can be accessed by dialing (800) 938-2241 for domestic or (402) 220-1121 for international. [Operator Instructions] It is now my pleasure to turn the floor over to Stefan Neely with Vallum Advisors. Please go ahead.

Stefan Neely

Thank you, operator, and welcome to the Pangaea Logistics Solutions First Quarter 2026 Results Conference Call. Leading the call with me today are CEO, Mads Petersen; and Chief Financial Officer, Gianni Del Signore. Today's discussion contains forward-looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the SEC. Except as required by law, we undertake no obligation to update our forward-looking statements. At the conclusion of our prepared remarks, we will open the line for questions.

With that, I would like to turn the call over to Mads.

Mads Petersen
President, CEO & Director

Thank you, Stefan, and welcome to those joining us on the call today. We delivered a strong start to 2026 with year-over-year growth across revenue and profitability. Our performance was driven by higher activity, strong market fundamentals