Mullen Group Ltd.

Thank you for standing by. This is the conference operator. Welcome to the Mullen Group Limited 2026 First Quarter Earnings Conference Call and Webcast. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star then zero. I would now like to turn the conference over to Mr. Murray Mullen, Chair and Senior Executive Officer. Please go ahead.

Yeah, welcome everyone. To Mullen Group's quarterly conference call this morning, we released our first quarter interim report. That's a nice 53-page document full of details, numbers, and analysis prepared by our team, headed up by Carson Erlacher and Nick Woodworth. This document contains updated information, is available on CDAR Plus and on our website at www.mullen-group.com. I'll remind everyone that today's presentation and commentary contain forward-looking statements that are based upon current expectations and are subject to a number of risks and uncertainties. As such, actual results may differ materially. Further information identifying the risks, uncertainties, and assumptions can be found in the disclosure documents. So this morning, I'm joined here in Okotoks by the senior team. It's an expanded senior team, and I want to welcome Lee Hellyer, who's now our senior commercial officer and has joined the executive team at Mullen Group. In addition, I have Richard Maloney in his expanded role as now president and senior operating officer. So Richard. Carson Erlacher, senior financial officer, and Joanna Scott, senior corporate officer. So that's the senior executive that we have here at Mullen Group. And my name is Murray Mullen, and I am the chair and the senior executive officer. So this morning, we're going to follow the similar format as last conference call we held. And that's all in an effort to make this call as meaningful and productive for everyone as possible. So Carson and I do not have prepared remarks for today's call. These can be found in the MD&A, the press release, and the financial statements. And anyone that's on the line today can use any of their AI tools to query anything. So we'll head straight to the Q&A sessions. There are probably going to be lots of questions about the quarter, most likely about where we see the economy, the state of the consumer, fuel prices, the freight markets, and of course those often talked about nation-building projects. So I like the fact that we generated record revenues and solid profitability even during a period of basically no economic growth. I'd suggest you this bodes well very well when the economic conditions improve. Until then, We will keep a keen eye on costs. We're going to focus on margin over market share. And we're going to look for quality companies to join our network of 44 independently managed business units. Now, I see many of you already joined the queue, so I will now ask the operator to open the lines. Operator?

Thank you. We will now begin the question and answer session. To join the question queue, you may press star then 1 on your telephone keypad. You will hear a tone acknowledging your request. If you are using a speakerphone, please pick up your handset before pressing any keys. To withdraw your question, please press star then 2. The first question comes from Kevin Chang from CIBC. Please go ahead.