Thank you for joining. Hello everyone, and welcome to the Johnson Outdoors Third Quarter 2025 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 the 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 the star and then the numbers one-one on your telephone keypad. This call is being recorded. Your participation implies consent to our recording this call. If you do not agree to these terms, simply drop off the line. I would now like to turn the call over to Patricia Penman from Johnson Outdoors. Please go ahead, Ms. Penman. Good morning, and thank you for joining us for our discussion of Johnson Outdoors' results for the 2025 fiscal third quarter. If you need a copy of today's news release, it is available on our website at 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 David Johnson or myself. It is now my pleasure to turn the call over to Helen Johnson-Leipold. Good morning, everyone. Thank you for joining us. I'll begin by sharing perspective on our third quarter performance, as well as an update on the strategic priorities for our businesses. Dave will review the financial highlights, and then we'll take your questions. Sales in our third fiscal quarter ending June 2025 increased 5% to $180.7 million compared to $172.5 million in the prior year third quarter. Operating profit was up significantly to $7.3 million versus an operating loss in the previous third quarter. While the marketplace continued to fluctuate, our positive results this quarter reinforced the critical importance of our focus and investment in market-leading innovation to continued growth and success of our brands. In our fishing business, demand for Humminbird's new Fish Finder technology, MegaLive 2 Sonar, and our new Explorer Fish Finder unit has been exceeding expectations. I'm excited to announce that a few weeks ago, our Explorer series captured Best in Electronics honors at ICAST, the world's most prestigious fishing show. Also, Boating Magazine recently awarded our Minn Kota brand the Marine Power Innovation Award for our Riptide Instinct Brushless Trolling Motor. We're excited by the response to our innovation in this business, and we will continue to invest in being an innovation leader to drive future growth. In our camping and watercraft business, both our Old Town and Jetboil brands remain strong leaders in their markets. Orders for Jetboil's newest fast boil cooking systems, with features building on lightning-fast boil times and fuel efficiency, continue to outpace expectations. While the watercraft marketplace is still weak and the industry struggles, Old Town remains resilient and continues to build on its industry-leading innovation. Results in our diving business were slightly improved amid stronger market conditions during the third quarter. However, the diving marketplace remains challenged with uncertainties in the global economy and consumer travel, and we continue to work well to be well positioned in diving for the future. We continue our integration work with the long-term supplier we purchased at the beginning of this fiscal year, and we are confident it will deliver the benefits we plan for. We are also focused on finding ways to drive more operational efficiencies across the business. Overall, we are pleased with our positive third quarter results and the success of our innovation. At the same time, global macroeconomic challenges continue to drive uncertainties in the marketplace. We can continue to invest and execute on our strategic priorities, innovation, operational efficiencies, and e-commerce, and our resiliency as a company is further bolstered by our debt-free balance sheet and cash position. We are confident these are the right things to position us for future healthy, profitable growth. Now, I'll turn the call over to Dave for more details on the financials. Thank you, Helen, and good morning, everyone. Profit before income taxes in the third quarter was up significantly due to an increase in sales, gross margin improvements, and a reduction in operating expenses versus the prior year. Gross margin in the third quarter was 37.6%, up 1.8 points from last year's quarter. Overhead absorption from higher volumes, improved pricing, and cost savings efforts drove the improvements, offset by a modest impact from tariffs. Operating expenses decreased $1.7 million versus the prior year third quarter, and excluding the $2 million increase from the deferred compensation plan valuation, expenses are down $3.7 million. Lower promotion and professional services expenses contributed to the decline. We continue to make progress on our inventory levels. Our inventory balance as of June was $163.7 million, down about $59.4 million from last year's third quarter and down from our fiscal year end. Regarding tariffs, while the current environment remains dynamic, we've made progress on our mitigation strategies. We will continue to adjust as the tariff situation evolves and we gain more clarity. Our cost savings program remains critical in this environment, and we're committed to driving optimal product costs and enhanced operating efficiency across the company. Again, I'll reiterate that our balance sheet remains debt-free and we have a solid cash position. We remain confident in our ability and plans to create long-term value for our shareholders. Now, I'll turn the call over to the operator for the Q&A session. Thank you. As a reminder to ask a question, please press star one-one on your telephone and wait for your name to be announced. To withdraw your question, please press star one-one again. Please stand by while we compile the Q&A roster. We have a question from Anthony Lebiedzinski of Sidoti. Your line is open. Good morning, and thank you for taking the questions. Certainly nice to see the improved sales and much better profitability in the quarter. As you alluded to, it's been certainly a dynamic environment, to say the least. Can you comment on the cadence of sales that you saw throughout the quarter as you went from April through June, and can you give us maybe some early read or color as to how the month of July was? As we look at the quarter, every month we saw improvement in our sales. It was a positive trend. It's a little early to talk about the final quarter, but you know it is towards the end of the season and we are hoping to end in a good spot. Looking forward to more stability, certainly for next season, but it is good to see some positive results. Absolutely. All right. I know, Dave, you touched on the impact of tariffs. It sounds like it was a modest impact in the quarter. As we look to update our models, how should we think about the impact of tariffs going forward? Just curious to get your thoughts on that. Yeah, I mean, I do expect more costs coming in in the fourth quarter. We're forecasting that to see the tariffs kind of flow through our inventories and get out and be expensed. Beyond that, as you know, as everybody knows, things are changing on a daily, weekly basis. We're ready to mitigate these tariffs as we head into next season. We've made, like I said, really good progress on the supply chain side of things, and we'll continue to look at other alternatives to mitigate that. Right. I guess one of the ways you can mitigate that is through pricing actions. Can you comment on that, what you've done and any potential things that you may want to do? We have taken pricing on certain product lines in our portfolio. We'll continue to look at that going forward, kind of across the portfolio, keeping in mind the consumer dynamics that we're looking at, competitive situation, et cetera. That will definitely be something we'll look at. Got it. Okay. You guys have been certainly working on your cost savings program for a while to be more efficient, you know, in terms of how you operate the business. Can you give us an update on that? What was done in the quarter and kind of what's more to come as you look to, you know, get into your fiscal 2026 year in a couple of months? Yeah, the cost savings program is robust. Last year had a ton of factory efficiencies that we recognized. We continue that work this year, and we are focused on product cost improvements. That'll take a little bit of time to manifest, but we're very excited about the portfolio of initiatives that we've got in the pipeline. Got it. Okay. Here in this quarter, you benefited also from lower discounting promotions. Do you think you can sustain this type of a trend here? I certainly realize that you're kind of getting towards the end of the season, but just broadly, thinking about that, whether you think you can sustain this type of reduced promotional activity going forward. I think, you know, we obviously are in very competitive markets and that we put programs together to reflect what we need to do. I think, you know, the fourth quarter is normally not a high quarter for us from a seasonal standpoint, but, you know, if you're referring to, you know, as we move forward, we will always have to consider promotions as a tactic depending on what's going on in the market. Right. Okay. As far as the recent awards that you've received, I know that at the ICAST show, we did get a Best in Electronics Award. Thinking about that, have you seen, because of that, have you seen an uptick, a further uptick in demand because of that? I'm just wondering how to think about that and how that could translate into sales for you guys. It certainly is our target audience. It pays attention to the ICAST and getting recognition for the Explorer Fish Finder unit just adds to the momentum. We were very happy about that. It definitely got off to a very good start. That's good to hear. All right. I guess my last question here is, you know, you've done a nice job reducing inventory. Do you think you can further reduce inventory in the next couple of quarters here? We're working on that for sure. I think there's more improvement to be had. We've made really good progress. We feel good about our ability to put process in place to really manage that. The caveat is just the macroeconomic environment, the tariffs that, of course, will add costs to our inventory, et cetera. We feel good about where we are right now, but we know we got more progress to make. Thank you very much, and best of luck. Thank you. Thank you. I'm showing no further questions at this time. I'd like to turn it back to Helen Johnson-Leipold for closing remarks. I just want to thank all of you for joining us today, and everybody have a nice day. Thank you. This concludes today's conference call. Thank you for participating, and you may now disconnect.