Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Dorel Industries' First Quarter 2026 Results Conference Call. [Operator Instructions]

Before turning the meeting to management, please be advised that this conference call will contain statements that are forward-looking and subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. I would like to remind everyone that this conference call is being recorded today, May 8, 2026.

I'd now like to turn the floor over to Martin Schwartz, President and CEO. Please go ahead.

Martin Schwartz
President, COO, CEO & Director

Thank you. Good morning, and thank you for joining us for Dorel's first quarter earnings call for the period ended March 31, 2026. With me today are Jeffrey Schwartz, CFO; and Jayson Kwasnik, Vice President of Finance. We'll take your questions following our comments. Please note that all figures mentioned during this call are in U.S. dollars.

Dorel Juvenile delivered a solid first quarter, demonstrating resilience in a volatile global environment marked by geopolitical uncertainty, foreign exchange headwinds and rising input costs. Strong growth and improving profitability across Europe and international markets, including export, Australia and Latin America, helped offset softness in the U.S. business.

Disciplined cost management supported performance despite margin pressure from currency movements, while continued investment in innovations and strong global customer engagement reinforced the strengths of Dorel's Juvenile diversified portfolio and is positioning for substantial growth.

Dorel Home results improved meaningfully