Good day, and welcome to AstroNova's second quarter fiscal 2022 financial results conference call. Today's conference is being recorded. I would now like to turn the conference over to David Calusdian of the company's investor relations firm, Sharon Merrill Associates. Please go ahead, sir. Thank you, Keith. Good morning, everyone, and thanks for joining us. Hosting this morning's call are Greg Woods, AstroNova's President and CEO, and David Smith, the company's Chief Financial Officer. Greg will discuss the company's operating results. David will comment on the financials. Greg will make concluding comments, and then management will be happy to take your questions. By now, you should have received a copy of the earnings release that was issued today. If you do not have a copy, please go to the investors page of the AstroNova website, www.astronovainc.com. Please note that statements made during today's call that are not statements of historical fact are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1934. These forward-looking statements are based on a number of assumptions that could cause involved risks and uncertainties. Accordingly, actual results could differ materially except as required by law. Any forward-looking statements speak only as of today, September 14, 2021. The company undertakes no obligation to update these forward-looking statements. For further information regarding the forward-looking statements and the factors that may cause differences, please see the risk factors in AstroNova's annual report on Form 10-K, and the other filings the company makes with the Securities and Exchange Commission. On today's call, management will be referring to non-GAAP financial measures, including non-GAAP net income, non-GAAP net income per diluted share, non-GAAP gross profit, non-GAAP operating expenses, non-GAAP segment operating income, earnings before interest, taxes, depreciation, and amortization, or EBITDA excluding the CARES Act benefits and adjusted EBITDA, and adjusted EBITDA excluding the CARES Act benefits. AstroNova believes that the inclusion of these measures helps investors gain a meaningful understanding of the chart changes in the company's core operating results, and also can help investors who wish to make comparisons between AstroNova and other companies on both a GAAP and non-GAAP basis. A reconciliation of this non-GAAP measure to its most directly comparable GAAP measures is available in today's earnings release. With that, I'll turn the call over to Greg. Thank you, David. Good morning, everyone, and thank you for joining us. We reported year-over-year and sequential revenue growth in the second quarter in both the Test & Measurement and Product Identification segments as we capitalized on a positive demand picture across the business. Overall revenue of $29.8 million was up 8% from a year ago quarter, and up 3% from the sequential first quarter of this fiscal year. Our sales performance is even more impressive when you consider the various global supply chain constraints and COVID-19 headwinds. While supply chain issues did not have a major effect on our second quarter, we were nonetheless unable to fulfill all the demand we would have wanted to have shipped. Addressing these supply chain issues has had logistics teams working overtime to ensure that we get the required items needed into our manufacturing facilities in a timely and efficient manner. Since we expect these conditions to persist on and off throughout the year, we are increasing certain inventory levels as a precaution. I'm proud of the dedication and commitment of our team to operate as effectively as possible within this dynamic environment to get our product to our customers. Turning to our Q2 performance by segment, Product Identification revenue was up 9% to $23.1 million, with solid contributions across the product line. We saw sales increases in the hardware, supplies, and service categories. Our T3-OPX wide-format, durable, direct-to-package printing system continues to receive positive customer reviews and is performing well in markets around the world. Brand owners, commercial printers, and other customers are seeing the product's benefits in terms of greater efficiency and a high return on investment. From a geographic standpoint, we saw continued improvements in several markets from the realignment programs and additions that we have made to our global sales force in various regions. During the second quarter, we began to attend smaller regional trade shows again, and our sales teams have also begun meeting customers face-to-face when possible. We're thrilled to be attending in person two major trade shows later this month, PACK EXPO in Las Vegas and the FachPack European packaging show in Germany. As we're able to increase our face-to-face meetings with customers and attend more trade shows, these high-quality interactions are an excellent addition to our expanded digital marketing lead generation programs that we deployed last year. As we've discussed on prior calls, we made major improvements in the digital area since the beginning of the pandemic. We continue to invest in expanding our e-books, case studies, support videos, and other digital tools to enhance both our sales and customer support activities. Our product introduction plans in this segment have historically included one or more new products per year, and we're currently on track to meet that schedule. Looking at our Test & Measurement segment, second quarter revenue was up 5% from the same period in fiscal 2021 and up 6% from the sequential first quarter. Within our aerospace business, the market has been recovering a bit faster than we had originally expected. Especially in some of the larger domestic markets like the U.S., Europe, and China. International travel is still far behind its pre-pandemic peak due to travel restrictions in various countries. During the quarter, sales of printers, supplies, parts, and repairs all increased. Orders for our ToughWriter 640 flight deck printer continue to increase, demonstrating the progress we've gained in the marketplace with our newest printer. With its compact design and the lowest weight and power consumption in the industry, the ToughWriter 640 is a great example of the innovative sustainability solutions we are bringing to market. Another innovative sustainability solution was launched in the data acquisition side of our business, where we have begun to provide a solution to enhance the efficiency of solar farms. Our data acquisition products are able to analyze the cells that are not working up to capacity, enabling operators to more quickly make repairs or replacements in order to improve the energy efficiency and yield of the solar farm. In the aerospace and defense market, our sales team landed a new government program featuring some of our most advanced data acquisition equipment. This is a significant multiyear program with initial shipments starting already in the third quarter. Looking at the second half of the year, we're anticipating a good revenue trajectory for the Test & Measurement segment. We expect to report increased revenue on a sequential and year-over-year basis in the second half. Now let me turn the call over to David for the financial review. Thanks, Greg. Good morning, everyone. In addition to the revenue growth that Greg discussed, we reported another one solid quarter on the operating and net income lines as we continue to effectively manage costs while prudently investing to grow the business. In the press release we issued this morning, we've discussed both our GAAP and non-GAAP financial results. I'll take a few minutes to make some comments on this distinction so that you can understand the results a little bit better. This quarter, we recorded the benefit of two CARES Act programs. These were the Paycheck Protection Program, loan forgiveness, and the impact of the Employee Retention Credit, or ERC program. To remind you, last year, we applied for and received a PPP loan. The cash from that loan's been on our balance sheet since we received it, but this quarter, that loan, both principal and interest, was forgiven under the terms of the program. Therefore, we eliminated the loan and the interest accrual amounts on our balance sheet and recorded the benefit of that forgiveness in our income statement as other income. In addition, this quarter, as a result of some enabling legislation after the CARES Act, we have qualified for the Employee Retention Credit. We report that in the second quarter. We get it because our revenues declined more than 20% from the calendar 2019 first three months to the calendar 2021 first three months. We expect to see those cash benefits through our payroll tax filings. While we book the impact of this credit now under the rules, the tax refund is pending. It's a receivable on the balance sheet and will convert to cash at some point before the end of the year. Later on today, we'll file our second quarter 10-Q, which will provide more detail about the impact of all these items as disclosed in the press release. Read the SEC filings as Mr. Calusdian suggested. That said, in summary, we've carefully and intentionally differentiated between the income statement impact of the benefits we recorded in our GAAP financial results, which have those two CARES Act programs in them, and the results that we would have reported had those items not been there. We've done this to help you focus attention on the underlying operating results of the business, and we call that pre-CARES Act or non-GAAP in our press release disclosure. That's not to minimize the favorable impact that those items have had on our GAAP income and, more importantly, on our balance sheet, both our cash position and our equity accounts. With all of that in mind, because the results that Greg's already mentioned are very solid, I'll just make comments about the results on a pre-CARES Act basis. Those results are pretty strong. Bookings of $30.6 million were up 21% from last year. Backlog of $24.4 million is up 3% last year. It would've been higher, but for some of the bookings that came in just after the end of the quarter. As Greg said, revenue's up in total 8% to $29.8 million. Of that, revenue is up 5.4% to $6.4 million. Product and application revenue is up 8.6% to $23.5 million. Gross profit was $11.1 million, up 13%, and at 37.1% was up 170 basis points from last year. Operating income of $1.322 million was 6.5x last year's result. Net income of $978,000, or $0.13 per diluted share, was up from essentially break-even last year. EBITDA was $2.1 million, or 7.2% of revenue. Adjusted EBITDA, which adds back stock-based compensation, was $2.6 million, or 8.6% of revenue. PI operating income was $188,000 lower than the prior year. It was 12.7% of revenues, down from last year when we had curtailed spending sharply but was up from the first quarter of this year by more than 90 basis points. Operating spending was up sequentially from the first quarter by $255,000, as we continue to invest in sales growth and new product development. T&M segment operating profit of $907,000 was up $1.3 million from last year's loss, and the segment operating margin was 14.3%. This quarter, we completed the Airbus contract, for which we incurred some costs in getting it completed, which were capitalized. We took a look at that, and we've decided to amortize those costs over the life of the A320 program of an estimated 20 years. At that time, we reevaluated the amortization of the rest of the aerospace intangibles and changed the estimate of the period we should amortize them over to 20 years as well. This change in intangible amortization accounting does not impact cash flow, of course, but it does impact segment profit favorably. With or without that impact, though, segment profit margins were higher than they've been at any point since the second half of fiscal 2020, when revenues were considerably higher. We do think that this accounting change provides you with a much more realistic, informative perspective on the performance of this. Moving on, looking at total revenue by type, hardware revenue in the quarter was $7.9 million, compared to $6 million in the prior year, and the fact that T&M aerospace revenue was still strong last year. Supplies revenue was $8.7 million, up 9.4% from $17.1 million in the same period of fiscal 2021. Service and other revenue was $3.3 million, up $2.1 million from a year earlier. Domestic revenue was 57.7% of total revenue, and international was 42.3%. As Greg mentioned, we have challenges from the supply chain perspective. Obtaining raw materials and components has resulted in some additional costs for expedited and express shipping and things like this. While it has not made a major disruptive impact on our results, it has been a slight headwind for revenue, and it's also put a slight drag on margins. We're addressing potential supply shortages proactively through long-range planning and supplementing inventories as needed. The strategies have resulted in us carrying more inventory than we normally would, and certainly more than we had planned. While we still expect to manage through what we think are temporary dislocations, we certainly expect that inventory will increase in the third quarter as lead times continue to be extended. Turning to our balance sheet, our cash and debt positions continue to improve. Cash equivalents at the end of the quarter stood at $11.4 million, essentially flat, but debt continues to decline, and at the end of the quarter was $9.5 million. That's down about $3 million from year-end. We really are in a wonderful position relative to our covenant structure, and we have ample unused committed bank credit capacity to support our growth and capitalize on future opportunities. With all that, I'll turn it back to Greg for closing comments. Thanks, David. We did this to bring great innovative products to market, adapt to a new selling environment. Looking at the remainder of the year, we expect to report continued improved demand in the Product Identification segment. We are well positioned to capitalize on many growths. We continue to focus on our core strategic tenets. Dave and I will be happy to take your questions. If you would like to ask a question, please signal by pressing star one on your telephone keypad. If you're using please make sure your mute function is turned off to allow your signal to reach our equipment. Again, that's star one to ask a question. We'll pause for a moment to allow everyone an opportunity to signal for questions. Once again, if you would like to ask a question, please signal by pressing star one on your telephone keypad. We'll now take our first question. It comes from Richard Ryan of Colliers. Please go ahead. Thank you. Say, Greg, I don't know if this was on my end or you. When Dave threw the commentary back to you pretty much cut out. That could be me, or I don't know if that was the whole of the conference call. Anyway, I can circle back with your closing comments. How much on the supply chain issues, how much of revenue would you say was kind of pushed from those challenges? Yeah. It was not a significant amount, but it would've made a little bit of a difference there. It wasn't a huge delta there, but there were things that we had planned to move out in the kind of final weeks of the quarter, weren't able to pull everything together to move it out. We have since done so. Okay. Dave, I'm not sure I heard, what was the supply number, so the recurring revenue aspect for Q2? Keep going with your questions while I look up the answer to your question, okay? Okay. Greg, Boeing just came out with their updated commercial transport outlook, obviously still calling for very strong multi-year growth in single aisle. What are you seeing with your MAX and the A320 business maybe on a more shorter-term level? Are they getting through any inventory issues that were out there, or how does the rebounding airline delivery demand look for you? Yeah. For us, again, as we mentioned on previous calls, deliveries don't matter so much. I mean, they do matter from an operating point of view because we get MRO benefits from that. As far as new printers, that's a function of their build rate. We do see good pull-through on that. Obviously, the Airbus aircraft is ahead still. Boeing seems to be hitting the marks that they've told us and what they have in their forecast. We seem to be tracking pretty close to what they're estimating right now. The bigger impact, Dick, is the actual air travel, right? Those single-aisle aircrafts are used in the domestic travel, which is kind of dominant traffic pattern right now. Yeah. Can you give some more details on the new win on the A&D side? Yeah. It's in our Test & Measurement segment, of course, and we make a range of data acquisition equipment, and you can take a look at our website. I don't want to call out the exact product. But it would be in the higher range of those products. A bit more sophisticated data acquisition equipment that can handle a huge number of channels and data and present that in a bigger screen format as well as printed format. So, it's something we've been working on for a couple of years now. Like I mentioned, it's a multi-year program, so we should kind of enjoy the benefits of that hard work that the guys have put in over the past couple of years now for I'd say at least a couple of years going forward. It's a multi-location type of situation as well. Okay. And then can I jump in and just answer your earlier question. The supplies revenue in the quarter was $18.7 million. That was up 9% from the prior year. Okay. Service and other was $3.3 million, up from $2.1 million in the same period last year. Okay. On your guidance for sequential and year-over-year second half performance, are you going to be seeing that in both segments? We didn't call it out specifically, but yeah, at this point, they both look good for the second half. Let's put it that way. Okay, great. Thank you. It appears we've no further questions at this time. I'd now like to hand the call back to Greg Woods for any additional comments or closing remarks. Great. Thank you. Well, thank you everyone for joining us here today. We look forward to speaking with you at our next call, and enjoy the rest of the day. Bye now. This concludes today's call. Thank you for your participation. You may now disconnect.