Operator

Welcome to CPI Card Group's First Quarter 2026 Earnings Call. My name is Carrie, and I will be your conference operator today. [Operator Instructions]

Now I would like to turn the call over to Mike Salop. Please go ahead.

Michael Salop
Head of Investor Relations

Thanks, operator. Welcome to CPI's First Quarter 2026 Earnings Webcast and Conference Call. Today's date is May 5, 2026, and on the call today from CPI Card Group are John Lowe, President and Chief Executive Officer; and Terra Grantham, Interim Chief Financial Officer.

Before we begin, I'd like to remind everyone that this call may contain forward-looking statements as they are defined under the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. For a discussion of such risks and uncertainties, please see CPI Card Group's most recent filings with the SEC. All forward-looking statements made today reflect our current expectations only, and we undertake no obligation to update any statements to reflect the events that occur after this call.

Also, during the course of today's call, the company will be discussing one or more non-GAAP financial measures, including, but not limited to, EBITDA, adjusted EBITDA, adjusted EBITDA margin, net leverage ratio and free cash flow. Reconciliations of these