Constellation Software Inc. (CSU) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Constellation Software Inc. conference call and webcast conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask a question. To ask a question, you may press star then 1 on your touchtone phone. To withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Mark Miller, President. Please go ahead. Good morning, everyone. I just wanted to start off by reminding everyone we have the annual general meeting coming up this Friday, and we're hoping today to take some quarterly questions on the financial results for Q1. Thank you all for attending. I have both Bernie and Jamal with me to help answer any of those questions. Over to you. Thank you. We will now begin the question and answer session. To ask a question, you may press star then 1 on your touchstone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then 2. At this time, we will pause momentarily to assemble our roster. The first question comes from Thomas with BMO Capital. Hi, good morning. Maybe one for Jamal to start. So just on the margins for the quarter, I know you have the Q1 payroll taxes and that there were some synchronous related costs at Lumen. Is there anything else that you might call out in terms of margin dynamic this quarter or nothing unusual of note? Yeah, I mean, there were a couple other acquisitions that were a bit of a drag on margins, like the Q1 cohort of acq...