Operator Greetings, and welcome to the Inter Parfums' Fourth Quarter and Full-Year 2020 Earnings Conference Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. I will now turn the call over to Russell Greenberg, Executive Vice President and Chief Financial Officer of Inter Parfums. Mr. Greenberg, you may begin. Russell Greenberg -- Executive Vice President and Chief Financial Officer Thank you, Jessie. Good morning, and welcome to our 2020 fourth quarter and full-year conference call. As always, this conference call may contain forward-looking statements, which involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from projected results. These factors include, but are not limited to the risks and uncertainties discussed under the headings Forward-Looking Statements and Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2020, and other reports we file from time to time with the Securities and Exchange Commission.