Tenaris S.A.

Okay.

So we can start?

Okay. Well, thank you, Carmen, and sorry for the delay. We had some technical issue with the phone here in Luxembourg. Well, welcome to Canaris' 2026 third quarter conference call. Before we start, I would like to remind you that we will be discussing forward-looking information in the call, and that the actual results may vary from those expressed or implied during this call. With me on the call today are Gabriel Podskubka, our CEO, Carlos Gomez Alzaga, our chief financial officer, and Guillermo Moreno, president of our U.S. operations. Before passing over the call to Gabriel for his opening remarks, I would like to briefly comment our quarterly results. Our third quarter sales reached $3.1 billion, up 4% year-on-year and 5% sequentially. mainly reflecting higher demand in North America and an increase in shipment to customers in the Middle East. Average selling prices in our tubes operating segment, excluding services performed on third-party pipes, increased 4% compared to the corresponding quarter of last year and 2% sequential. Our EBDA for the quarter was up 16% sequentially to $750 million. with operating cash flow of $366 million which included an increasing of $270 million in working capital and capital expenditure of $98 million. Our free cash flow for the quarter was $268 million and our net cash position increased to $3.8 billion from the end of the quarter. Now I will ask Gabriel to say a few words before we open the call to questions.