Hello, everyone, and welcome to the Johnson Outdoors First Quarter 2022 Earnings Conference Call. Today's call will be led by Helen Johnson-Leipold, Johnson Outdoors Chairman and Chief Executive Officer. Also on the call is David Johnson, Vice President and Chief Financial Officer. Prior to the question and answer session, all participants will be placed in a listen-only mode. After the prepared remarks, the question and answer session will begin. If you would like to ask a question during that time, please press star then 1 on your telephone keypad. This call is being recorded. Your participation implies consent to our recording of this call. If you do not agree to these terms, simply drop off the call. I will now turn the call over to Allison Kitzerow from Johnson Outdoors. Please go ahead, Ms. Kitzerow. Thank you, operator. Good morning, everyone. Thank you for joining us for our discussion of Johnson Outdoors results for the 2022 fiscal Q1. If you need a copy of today's news release, it is available on our website at www.johnsonoutdoors.com under Investor Relations. I also need to remind you that this conference call may contain forward-looking statements. These statements are made on the basis of our current views and assumptions and are not guarantees of future performance. Actual events may differ materially from those statements due to a number of factors, many beyond Johnson Outdoors' control. These risks and uncertainties include those listed in our press release and filings with the Securities and Exchange Commission. If you have additional questions following the call, please contact Dave Johnson or Pat Penman. It is now my pleasure to turn the call over to Helen Johnson-Leipold. Thanks, Allison. Good morning, and thank you for joining us. Excuse me. I'll begin with an overview of the quarter, and then I'll share perspective on the performance and the outlook for our businesses. Dave will review financial highlights, and then we'll take your questions. Sales in our first fiscal quarter ending December 2021 declined 7% to $153.5 million compared to $165.7 million in prior year's unprecedented Q1. Operating profit of $13.8 million was down versus $23.6 million in the prior year first quarter. As we continue to monitor the inflationary environment, we've been taking price increases for our products where appropriate. Net income was $10.9 million or $1.07 per diluted share versus $19.8 million or $1.96 per diluted share. I think it's valuable to note that compared to the pre-pandemic December 2019 quarter, our net sales are 20% higher and our profits more than doubled. Overall, we are seeing continued strong demand for our products as people continue to be eager to recreate outdoors while the ongoing global supply chain environment and uncertainties associated with the pandemic continue to be challenging and unpredictable. We remain laser-focused on working hard to manage supply issues and fill orders while protecting the health and safety of our employees. In fishing, our largest business, demand across all product lines remains strong while managing supply chain issues and component delays continue to be critical to helping us fill orders as anglers look to Johnson Outdoors for the best fishing experiences possible. In our Humminbird brand, our most recent innovation, the award-winning MEGA Live Imaging, delivers the clarity and detail of MEGA Imaging in live action, allowing anglers to see fish and structure in real time, even watching fish on screen as they move in to strike an angler's lure. With the release of MEGA Live, anglers have access to the most complete package of industry-leading technologies and products offered in our One-Boat Network platform, which enables our Humminbird fish finders and Minn Kota motors to work together in unison, giving anglers an effortless command of their boat. Also, in Minn Kota, the award-winning Raptor Shallow Water Anchor continues to do well in its second year on the market. The Raptor has two industry-first technologies, Auto-Bottom Mode, which detects bottom density to determine the right anchoring force, and Active Anchoring, which continuously monitors anchoring force and adjusts automatically for stable bottom pinning. In trolling motors, with a strong heritage of innovation, quality and durability, Minn Kota is the industry leader. Both our Watercraft Recreation and Camping businesses are experiencing continued strong sales growth and outperforming the market. In Watercraft Recreation, growth in our fishing kayak segment continues as we've outpaced the strong market with the ongoing enthusiasm for our innovative Sportsman line that is starting its third year on the market. We are constantly looking for ways to integrate our products, and the popular Sportsman AutoPilot 136 leverages the game-changing Spot-Lock technology from our sister brand, Minn Kota, to hold position while anglers fish. From the award-winning autopilot motorized fishing kayak to the versatile paddle-powered Sportsman Salty kayak, the Sportsman line offers a watercraft for anglers in every type of water. In camping, both our Jetboil and Eureka brands continue to benefit from the surge of participation in the activity. Demand for Eureka tents and stoves continues to be strong, and in Jetboil, consumers continue to be excited about the super light Stash stove that is entering its second year on the market. Reducing weight on the trail is critical for backpacking, and the Stash is the lightest all-in-one backpacking stove system that Jetboil, the technology leader in portable outdoor cooking systems, has ever made. Finally, in our diving businesses, we saw dive markets primarily in the US and other regions in the world experience some recovery. Our work to promote and support local diving and to enhance our global digital presence and e-commerce are all working to help this positive growth. We remain focused on these efforts along with sustained innovation to ensure SCUBAPRO's position as the most trusted dive brand in the world. In summary, we are encouraged by the continued strong demand for outdoor recreation products, and the team remains focused on working hard to meet demand. Our company purpose, which is to inspire people to get out there to experience and value the great outdoors for generations to come, continues to guide everything we do, and we remain committed to investing in our key strategic drivers, which are understanding our consumers, sustaining innovation leadership, identifying new sources and paths of growth in our markets, and continually optimizing our digital consumer experience. Our ongoing hard work on these priorities ensures that our portfolio of market-leading brands is well-positioned for success and that we continue to deliver sustained, profitable long-term growth for Johnson Outdoors. Now I'll turn the call over to Dave for a review of the financial highlights. Thank you, Helen. Good morning, everyone. I wanted to highlight a few items from the quarter. As Helen mentioned, demand remains strong, but like many companies, we continue to face ongoing disruptions in our supply chain that must be managed on a daily basis. We continue to take action to mitigate our supply chain challenges. For example, we continue to maintain higher than normal inventory levels, and we're also working closely with all of our vendors in planning for alternate sources of supply for critical components where feasible. We've also invested in adding capacity and incremental resources where appropriate. Capital expenses for the quarter were up $1.9 million due to our additional capacity investments, primarily in our fishing business. Each business has implemented price increases in response to increased input costs. We'll continue to monitor the inflationary environment, and we'll take pricing adjustments as appropriate. Operating profit was down 5.2 points versus the prior year's record-setting quarter. Gross margin of 39.5% is down 5.8 points from last year's Q1 and continues to be pressured due to cost increases. Operating expenses decreased $4.6 million versus the prior year, primarily due to lower sales volume-driven expenses. Net income for the quarter was $10.9 million, down 45% from the prior year quarter. The effective tax rate is 25.6% compared to last year's rate of 23.7%. We expect the full-year tax rate to be in the mid-twenties. Our strong balance sheet and healthy cash position continue to enable us to invest in strategic opportunities to strengthen the business while consistently paying dividends to shareholders. Now I'll turn the call back over to the operator for the Q&A session. Operator? Thank you. Again, ladies and gentlemen, if you'd like to ask a question, please press star then one on your touchtone telephone. Again, to ask a question, please press star then one. One moment please. Our first question comes from Anthony of Sidoti. Your line is open. Yes, good morning, and thank you for taking the questions. So, first, in terms of the strong demand outlook and customer orders that you talked about, is there any way you can quantify that as to what you've seen so far as you enter the critical season here now of in terms of, you know, March and June quarters? Yeah, I mean, it's an interesting phenomenon. We're seeing a strong book of orders right now, compared to last year. I hesitate to quantify it, but it's still really strong right now. We'll have to see how things shake out in the season. Got it. Is that in all segments that you're seeing the strong book of orders? Yes. Okay. That's great to hear. As far as pricing, can you give us a sense as to, you know, how much pricing benefited the quarter, and how should we think about price increases on a go-forward basis? Yeah, I mean, it didn't really benefit this first quarter a lot. Some of the price increases were effective January first. Some are effective even a little bit later than that. It wasn't a big driver for the Q1, which is, you know, hence we're seeing the cost inputs kind of being the story for the gross margin. Yeah, and we'll continue to look at that and adjust as necessary. I would expect more benefit kind of the rest of the fiscal year from the increases we're putting in place. Got it. Okay. Thanks for that. Just overall, in terms of the inventory increase, is that mostly for raw materials or finished goods as well? Well, the inventory increase is just so that we are prepared to meet the demand. However, we still have a lot of inventory due to, you know, there's components that we're waiting to get from a supply chain standpoint, and then, we can, you know, be ready to really produce the product and get it in market. That's really the challenge there is waiting for one component, but yet having everything else ready to go so that we are prepared when the supply, you know, those specific pieces show up, we're ready to go. Gotcha. Okay. A couple more questions, if I may here. As far as the camping sales, how much of the increase was driven by military tent sales? Yeah. It's a small piece of the increase. Most of it's in the consumer business, that growth. Yeah. Gotcha. Okay. You know, giving your strong balance sheet and the current share price, how should we think about potential share repurchases and any other usages of cash? I know in the past, you've also talked about acquisitions as well. Just overall, how should we think about capital allocation, you know, keeping in mind your current share price and cash position and other needs for the business? Well, you know, from an acquisition, excuse me, standpoint, as we've always said, we are always looking for acquisition opportunities and, you know, the key is that it's strategic and it brings value to our focus. You know, we're out there looking and obviously, we're in good shape with the balance sheet to go after something, you know, when it does occur. We're very actively looking and always are. Dave, you can talk to Yeah. I mean, that continues to be at the forefront. Then obviously, you know, our dividend strategy is important. You know, to your point, Anthony, share repurchases and other alternate uses of cash has continued to be a discussion item. But as you know, they all have their pros and cons. But we continue to look at everything. Okay, great. Well, that's great to hear. Thank you and best of luck. Thanks, Anthony. Thank you. Thank you. Again, ladies and gentlemen, if you'd like to ask a question, please press star then one on your touchtone telephone. One moment, please. I'm showing no further questions at this time. I'd like to turn the call back over to Helen Johnson-Leipold for any closing remarks. Just wanna say thanks to everybody for joining us today, and I hope everyone has a great day. Thank you. Ladies and gentlemen, this does conclude today's conference. Thank you for your participation. You may now disconnect. Have a great day.