Welcome to Laureate Education's Second Quarter 2026 Earnings Conference Call. Adam Morse: Good morning, and thank you for joining us on today's call to discuss Laureate Education's Second Quarter 2026 results. I am pleased to report strong execution across the board for the second quarter and first half of 2026. Let's start with Page 10 and 11, which highlight our operating and financial performance for the second quarter and year-to-date June. Second quarter adjusted net income was $140 million and adjusted earnings per share was $1 per share.