Pollard Banknote Limited (PBL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Welcome to the Pollard Banknote Limited First Quarter 2026 Results Conference Call. Listeners are reminded that certain matters discussed in today's conference call or answers that may be given to questions as could constitute forward-looking statements that are subject to risk and uncertainties related to Pollard's future financial or business performance. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. The risk factor that may affect the results are detailed in Pollard's Annual Information Form and other periodic filings and registration statements, and you can access these documents at CEDARS Plus database found at cedarsplus.ca. And I'd like to remind everyone that this conference call is being recorded today, Thursday, May 14th, 2026. And now I would like to introduce Mr. Doug Pollard, Co-Chief Executive Officer of Pollard Banknote Limited. Please go ahead, sir. Okay. Thank you very much, operator. And thank you, everyone, for joining us this morning. As the operator said, my name is Doug Pollard. With me on the call today is John Pollard, Co-Chief Executive Officer. and Rob Rose, Chief Financial Officer. We released our 2026 first quarter results yesterday. You can access our news release as well as our complete financial statements and MD&A on our website at coloredbanknote.com and on Cedar Plus. Today we'll start with a few prepared remarks from me providing an overall business update and John will then follow up with the discussion of our first quarter results and then we'll open it up for questions. Our first quarter was a challenging quarter. It was impacted by negative factors, particularly in our i...