Doman Building Materials Group Ltd.

And welcome to the German Sailing Materials Group Limited first quarter 2025 financial results call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Ali Madavi, Investor Relations. Please go ahead.

Thank you. Good morning, everyone, and thank you for joining us this morning for Dolman Building Bureau's first quarter 2025 financial results conference call. Joining me this morning are Amar Dolman, Chairman and Chief Executive Officer, and James Coe, Chief Financial Officer of the company. If you have not seen the news release, which was issued yesterday, it is available on the company's website at dolmandm.com, as well as on CDR Plus, along with our MD&A and financial statements. I would also like to remind you that a replay of this call will be accessible until midnight on May 23rd, 2025. Following the presentation of the first quarter financial results, we will conduct a Q&A session for analysts only. Instructions will be provided at that time for you to join the queue for questions. Before we begin, we are required to provide the following statements regarding forward-looking information, which is made on behalf of Doman Building Materials Group Limited and all of its representatives on this call. Remarks and answers to your questions today may contain forward-looking information about future events or the company's future performance. This information is subject to risks and uncertainties that may cause actual eventual results to the firm serially. Any information regarding forward-looking statements is made as of the date of this call, and the company does not undertake to update any forward-looking statements. Please read the forward-looking statements and risk factors in the MD&A as he outlines the material factors which could cause or would cause actual results to differ. The company will not provide guidance regarding future earnings during today's call, and management does not anticipate providing guidance in future quarterly or interim communications with investors. I'll now turn the call over to Omar.

Thanks very much, Ellie, and good morning, everybody. So speaking to you last during our fourth quarter and year-end 2024 results conference call, Very little has changed in that we remain focused and excited with the business across all divisions and on both sides of the border. Despite the impact of macroeconomic and geopolitical noise on demand and pricing volatility, our business units continue to show resilience in volumes while delivering very strong gross margin performance. Our financial and operational performance in the first quarter continues to be a testament to our ability to work through uncertain market conditions and our team's track record on managing the business through these types of cycles. Throughout the quarter, we remained focused as always on gross margin and optimizing our balance sheet. The strength in our first quarter results came from the combination of the impact of our strategic acquisitions, steady volumes in certain markets, and continued disciplined inventory management, which resulted in strong revenue performance in the quarter. Further, our ongoing cost management, focus on operational efficiencies and successful integration efforts enabled the company to realize strong gross margin and EBITDA margin performance. Despite the daily uncertainties we all live in for Dolman 2025 is off to a strong start. Evidence by and clear one we had revenues coming in at just under 800 million gross margin at 16.7% or 132 million EBITDA amounting to $70 million, net earnings of $23.6 million, and the quarterly dividend of $0.14 per share was declared. The top-line results are evidence of the continued strength of our business platform in Canada and the U.S. However, with more emphasis on our rapidly growing footprint in the U.S., I am extremely pleased with our financial performance, which has resulted in a continued successful unfolding of our overall growth strategy. As always, we remain confident, focused, and disciplined on closely managing our costs and servicing the needs of our customers with the highest level of quality and service as we have done in the past. The cross-border tariff situation between Canada and the U.S. continues to be an evolving and fluid situation, to say the least. To reiterate our current position on this issue, our B2B business model on both sides of the border has done well positioned to be neutral at large, and we continue to operate accordingly with no direct material impact for our consolidated business. Looking ahead, we remain optimistic as we work through decent levels of demand across the business, managing the pricing environment while we continue to manage our costs, and always looking for growth opportunities. The momentum we've enjoyed in Q1 has kept pace, and so far we are off to a good start in Q2, but we will continue to be cautious as we work through these uncertain times. We are cognizant of external pressures which may come into play not only in our industry, but any others that touch similar end customers. As always, we are confident in our ability to work through challenging markets diligently while serving our customers' needs with the highest level of service. We remain excited about our growth profile and the overall prospects of the business. And with that, I'd like to ask Jay Coder, CFO, to take over and provide a review of the company's first quarter 2025 results in greater detail, and then we'll open the call for analyst questions. Thank you, Mark.