Hello, and welcome to the Janus International Second Quarter 2022 Earnings Conference Call. Currently, all participants are on a listen-only mode. A question- and- answer session will follow the formal presentation. If anyone should require assistance during the conference, you may press star then zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Mr. John Rohlwing, Vice President of Investor Relations and FP&A. Thank you. You may begin, Mr. Rohlwing. Thank you, operator, and thank you all for joining our Second Quarter 2022 Earnings Conference Call. We hope that you have seen our earnings release issued this morning. Please note that we have also posted a presentation in support of this call, which can be found in the investors section of our website at janusintl.com. As a reminder, today's conference call may include forward-looking statements regarding the company's future plans and prospects. These statements are based on our current expectations, and we undertake no duty to update them. It is important to note that the company's actual results may differ materially from those anticipated. Factors that could cause actual results to differ from anticipated results are contained in the company's latest earnings release and periodic filings with the Securities and Exchange Commission, and we encourage you to review those factors carefully. In addition, we will be discussing or providing certain non-GAAP financial measures today, including adjusted EBITDA, adjusted EBITDA margins, adjusted net income, and adjusted EPS. Please see our earnings release and filings for a reconciliation of these non-GAAP measures to their most directly comparable GAAP measure. I'm joined today by our Chief Executive Officer, Ramey Jackson, who will provide an overview of our business and give an operations update, and our Chief Financial Officer, Anselm Wong, who will continue with a discussion of our financial results and outlook before we open up the call for your questions. At this point, I will turn the call over to Ramey. Thank you, John, and good morning, everyone. We had a remarkable quarter and continue to build out our record of incredible results. It's an exciting time to be at Janus. We recently had the opportunity to ring the bell at the New York Stock Exchange in July. This event celebrated our one-year anniversary since becoming a publicly traded company and our 28th- year anniversary to delivering leading solutions, products, and services to our customers. Now turning to the second quarter of 2022. Janus produced strong operational and financial results that included record revenues, sequential margin improvement, record backlog, and strong cash generation. Against the backdrop of macroeconomic uncertainties, the self-storage industry continues to flourish as it has in the past, with persistently high demand and occupancy rates driving the need for new capacity additions in the form of expansions, conversions, relocatable storage units, and unit mix changes. Our customers are larger, better funded, and more strategically focused than at any point in our industry's past. As the leading provider of value-added solutions for customers across the self-storage, commercial, industrial building industries, we believe we are uniquely positioned to continue benefiting from these market dynamics and to gain market share regardless of how that capacity is added. As a reminder, our margin profile was similar for greenfield new construction and for R3. We remain focused on a number of key growth strategies. In our commercial segment, we continue to build out the rolling steel product line at our ASTA business unit and are benefiting from additional opportunities that the DBCI acquisition brings to that segment. On the Nokē front, we are leveraging the prior year acquisition of ACT to accelerate growth, which once again resulted in strong revenue quarter- to- date. As we mentioned on our last call in April, we launched Nokē Screen, the latest in a line of award-winning smart security products in this Nokē Smart Entry product line. Nokē Screen boasts several exciting design features. Its controller and keypad design improves functionality and reduces the cost of upgrading access control systems. We're very excited about the Nokē product line and its growth trajectory and look forward to it being an increasing part of our solutions offering and profitability. Now shifting to the financial highlights for the quarter. We delivered consolidated revenues of $247.7 million, an increase of approximately 42% as compared to the same period last year or approximately 27% on an organic basis. This growth reflected strength in all three of our sales channels with commercial and other leading the way, and we continue to benefit from the contributions from the DBCI and ACT acquisitions that closed during the third quarter last year. Our adjusted EBITDA of $50.7 million came in approximately 41% higher than Q2 of 2021, which was a solid performance given the higher cost we are experiencing in many parts of our business. Adjusted EBITDA margins were roughly stable year-over-year, but due to our volume growth, commercial actions, and productivity initiatives, margins increased sequentially for the second consecutive quarter, rising by 100 basis points over the first quarter of 2022. While we continue to see inflationary pressures on raw materials, labor, and logistics, the cumulative margin improvement over 200 basis points as compared to our recent trough in Q4 of last year provides clear evidence that our commercial actions and cost-saving initiatives we implemented last year are working. Our company continues to generate strong cash flows, which Anselm will discuss in further detail shortly. Year- to- date, our free cash flow conversion was 84% of adjusted net income. We expect cash conversion to remain solid over time, putting us in a strong position to further reduce leverage towards our goal of 2.5x-3.5x a djusted EBITDA, while being opportunistic as M&A situations present themselves. We have earned a market leadership position within self-storage industry and continue to gain market share with the commercial sales channel. This is a testament to our role as a full lifecycle partner and solutions provider to our customers. In summary, our end markets remain strong and resilient, particularly the self-storage industry, which as we have highlighted before, is an event-driven end market. As facility owners accelerate investment to meet the increased demand for capacity, we look to leverage our leading market position to capture additional share and create long-term value for our stakeholders. All of this has resulted in our increased outlook for revenue and EBITDA in 2022. With that, I'll turn the call over to Anselm for an overview of the financials and our updated outlook for the full year. Thanks, Ramey, and good morning, everyone. In the second quarter, revenue of $247.7 million was up 42.2% compared to the prior- year quarter and 27.4% on an organic basis, driven by solid execution in all three of our sales channels. Commercial and other was up 81.6%. Restore, Rebuild, and Replace, or what we refer to as R3, was up 34.3%. New construction was up 17.3% versus the prior- year quarter. The impressive 82% growth from our commercial and other segments was attributable to favorable market gains driven by the growing need for e-commerce logistics among the many end markets that this sales channel services along with share gains in both the commercial steel roll-up door market and in our ASTA rolling steel door segments product line. While the industry faces ongoing supply constraints, our lead times continue to be favorable, resulting in superior execution with our customers, particularly in the commercial sales channel. R3 growth of 34% in the quarter continues to be bolstered by new capacity additions in the form of conversions and expansions. The focus of new capacity additions remains weighted towards the R3 offerings as opposed to greenfield sites. As Ramey alluded to previously, we are largely indifferent from a margin perspective. In new construction, we continue to see growth in that sales channel as we work through the pent-up demand caused by permitting and other construction delays that occurred during pandemic impacted 2021. Our consolidated revenue growth continues to reflect improved demand across all our end markets. The benefits of commercial actions taken to address the inflationary pressures and contributions from the DBCI and ACT acquisitions, which occurred in the third quarter of 2021. Adjusted EBITDA of $50.7 million was up 41.1% compared to the year-ago quarter. Higher revenue was the primary driver of EBITDA growth, partially offset by higher cost of sales and general administrative expenses, along with incremental costs associated with being a public company. Higher year-over-year raw material costs remained, although I would point out that the price of steel, which is our largest input, has come off from its recent spike in February. Despite the decreased value, we do have a lag from an order to production standpoint of when that decrease will come into effect within our business. In the quarter, we initiated another round of commercial actions to further offset inflationary pressures, which we have seen, like many others across the board from raw materials to labor. Adjusted EBITDA margin for the quarter was 20.5%, a decrease of only 10 basis points from the year- ago quarter, despite the inflationary impact of raw material, labor, and logistics ahead of commercial actions taking full effect. More importantly, the result for the quarter showed an improvement of 100 basis points from the first quarter and over 200 basis points versus 4Q 2021. Recall that on our fourth quarter call, we talked about how we expected margins to bottom out in the fourth quarter of 2021 and improve as commercial and productivity actions take hold. We started the year with approximately 15% of our backlog representing legacy price contracts and finished the end of Q2 with an immaterial amount of legacy price contracts remaining within our backlog. These steps, along with progress we are making in achieving DBCI synergies, are all positive signs of how our strategy to grow the business and improve margin is working. For the second quarter 2022, we produced adjusted net income of $24.8 million, which was up 22.8% from second quarter 2021. Adjusted net income was favorably impacted by higher revenue during the quarter, offset somewhat by an increase in SG&A expense. Adjusted diluted earnings per share of $0.17 compares to $0.25 in the year- ago quarter. The decline in adjusted EPS primarily reflects a significantly higher outstanding share count as a result of becoming a public company in 2021. We had another solid quarter of cash flow generation. Second quarter cash from operating activities was approximately $18.4 million, and free cash flow was approximately $16 million. This represent a 65% free cash flow conversion for the quarter and 84% year- to- date, adding to our multi-year trend of strong conversion of adjusted net income to cash. We expect to generate strong cash flows going forward, putting us in a solid position to lower leverage over time while remaining flexible for accretive M&A. From a balance sheet perspective, we closed the quarter with $710.1 million of total debt, $40.7 million of cash and equivalents, and a net leverage of 3.9x net debt to adjusted trailing 12 months EBITDA, down from 4.3x at the end of the first quarter. Our performance continues to demonstrate our ability to deleverage quickly. Turning to outlook, I'm pleased to announce that based on our solid first half of the year, continued strong backlog, and our current visibility of end markets, we are raising our full-year 2022 outlook for revenue and adjusted EBITDA. Revenue is now expected to be in the range of $940 million-$960 million, up from the range of $890 million-$910 million previously. At the midpoint, this represents a 26.6% increase compared to full- year 2021 results, driven primarily by a combination of commercial actions and volume-related organic growth, and the addition of DBCI and ACT. We now expect adjusted EBITDA to be in the range of $204 million-$211 million, up from a previous range of $193 million-$200 million. At the midpoint, this represents a 40% increase versus the full- year 2021 results. From a revenue perspective, our upwardly revised outlook reflects our strong first half results, including the execution of pent-up demand in the new construction sales channel to start the year and continued strength in our commercial and other sales channels. We expect growth the balance of the year to reflect the strong underlying fundamentals we see across all three sales channels. We expect adjusted EBITDA margins in the third and fourth quarter to continue to improve. As previously communicated, we expect adjusted EBITDA margins in the second half to be higher than margins in the first half, resulting in a solid year of margin improvement in our business. Thank you. I will now turn the call back to Ramey for closing remarks. Great. Thank you again, Anselm. We are proud of how Janus has performed in the first half of 2022, particularly in such uncertain times. Our business delivered another quarter of outstanding growth and solid adjusted EBITDA margin contribution, even as we were addressing cost pressures seen across the industry. These results are a testament to the execution by our team and the strength of our end markets. I expect we will continue to build on this momentum as we look to deliver strong margin performance and earnings growth over the long term. Thank you again for joining us. Operator, we can now open the lines up for Q&A, please. Thank you. Ladies and gentlemen, at this time, we will be conducting a question- and- answer session. If you'd like to ask a question, you may press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star key. Our first question comes from the line of Reuben Garner with The Benchmark Company. Please proceed with your question. Thank you. Good morning, everybody. Morning, Reuben. Morning. I think in the broader building product space, inventory risks has been a topic of late. Can you just talk about, you know, why that doesn't impact you guys? I assume what you're building in both sides of your business are more custom made to order, but can you just kinda confirm that? I guess in the same vein, talk about the visibility you have into the second half, if you could. Yeah. Reuben, thanks for your question. This is Ramey. Yeah, good question. I think, you know, the best way to look at it from an inventory perspective is, you know, considering the end market, the robust kind of end market that we're in today in storage, we've chosen to invest in inventory to make sure we have enough supply for our customers. As you mentioned, you know, we are a build to order solutions provider, so we're not seeing a lot of those headwinds that others that are speaking to. In addition to that, our backlog remains at an all-time high. When you think about visibility, all of our early indicators into our business are at all-time highs right now. You know, a tremendous amount of confidence and you know, in terms of the momentum to continue the momentum through the second half of the year. Okay. I appreciate the color on the second half EBITDA margin. Can you talk more specifically about the gross margin line? Where do you stand from a price cost standpoint? You know, the contracts being virtually all, how should we expect kind of a step function higher, and when do you start to see the benefits of the lower steel costs roll through? Sure. Thanks for the question. If you look at the prior guidance we talked about is that we said that the first two quarters would be at a certain margin rate, and the second half would be at an increased margin. That's due to the commercial activities and actions that we've put in place. Those, the last one ended at end of Q2. We'll start seeing the benefit starting at the end of Q2 into the second half. In terms of your question about steel prices, as we said in prior calls, the lead time from our coil steel to our doors is a fairly significant time. If you actually factor it in for us, we'll most likely not see a large benefit until the end of the quarter four and then into the 2023 is when we'll see the benefits from the steel. Okay, great. Just a quick, directionally, can you comment on where gross margin is kind of like the midpoint of what your EBITDA margin guidance is? Is most of the sequential margin improvement or all of it coming at the gross line? Yeah, it's approximately about 60% is gonna be about price and the balance is gonna be about volume. Okay, perfect. Thank you, guys. Congrats on the Thanks, Reuben. Thanks. Our next question comes from the line of Jeffrey D. Hammond with KeyBanc. Please proceed with your question. Hey, good morning, everyone. This is David Tarantino on for Jeff. Hey, David. Hey, David. Good morning. Given the improvement in commercial was specifically impressive, could you give us some more color on the raised guidance more broadly by each of the sales channels in both self-storage and commercial and kinda how that plays out in the second half? Yeah. Our actually growth was spread actually among all three of our major channels. That's what we saw. It wasn't just the commercial. We actually saw the growth across all the major channels. Great. Kinda looking out, more specifically, kinda on the back of the margin questions, kinda how do you see that playing out sequentially through the second half? Yeah. We'll see, you know, a bump in Q3 as we guided, and then I'll see another bump in Q4 as the commercial actions take hold. Great. Thanks, guys. Thank you. Thanks. As a reminder, it is star one to ask your question. Our next question comes from the line of John Lovallo with UBS. Please proceed with your question. Good morning, guys, and thank you for taking my questions. The first one is kinda dovetailing off the last question there. You know, as we move forward, how are you thinking about business mix? I mean, do you still, I know it's been pretty even in this most recent quarter, but do you expect particular strength in any segment as we move forward? Yeah, good question. Good morning, John. I think to answer your question, you know, we see consistency in growth with all the sales channels. I think what you'll see kinda in the back half of this year is new construction will start to pull through more on the self-storage side. As you may remember, kinda permitting issues as it relates to the pandemic, you know, those are starting to cycle through our backlog as we speak, and I see that to be relatively strong the remainder of the year. Okay, that's helpful. You know, just getting back to the steel, flow through into the P&L, is that timing pretty consistent with what you've seen historically? You know, has it been kind of expanded or, you know, extended given what's going on in Russia, Ukraine, maybe in the lockdowns in China, anything like that? I think it's been relatively consistent. If anything, a little bit longer. I think if you'll remember back, you know, last year, you know, there was a scarcity of supply of steel, so we chose to buy ahead and make sure we had enough inventory to you know to satisfy our end markets and the growth that they're experiencing. I would say a little bit longer than normal. Great. Thanks very much, guys. Thank you. Thank you. There are no further questions in the queue at this time. I'd like to hand the call back to Mr. Jackson for closing remarks. Thank you, everyone, for joining us today. We appreciate your support of Janus International and look forward to updating you on our progress. Have a great day. Ladies and gentlemen, this does conclude today's teleconference. Thank you for your participation. You may disconnect your lines at this time, and have a wonderful day.