Welcome to the ScanSource quarterly earnings conference call. All lines have been placed in listen-only mode until the question-and-answer session. Today's call is being recorded. If anyone has any objections, you may disconnect at this time. I would now like to turn the call over to Mary Gentry, Senior Vice President, Treasurer, and Investor Relations. Ma'am, you may begin. Good afternoon, and thank you for joining us. Joining me on the call today are Mike Baur, our Chairman and CEO; John Eldh, our Chief Revenue Officer; and Steve Jones, our Chief Financial Officer. We will review our operating results for the quarter and then take your questions. We posted an earnings infographic that accompanies our comments and webcast in the investor relations section of our website. Let me remind you that certain statements in our press release, in the earnings infographic, and on this call are forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, those factors identified in the earnings release we put out today and in ScanSource's Form 10-K for the year ended June 30th, 2021, as filed with the SEC. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. ScanSource disclaims any duty to update forward-looking statements to reflect actual results or changes in expectations as required by law. During our call, we will discuss both GAAP and non-GAAP results and have provided reconciliations between these amounts in the earnings infographic and in our press release. These reconciliations also can be found on our website and have been filed with our Form 8-K filed today. I'll now turn the call over to Mike. Thanks, Mary, and thanks everyone for joining us today. Our outstanding second quarter performance underscores the strength of our hybrid distribution strategy. For the quarter, we delivered 6.6% net sales growth, an adjusted EBITDA margin of 4.9%, and record non-GAAP EPS for the quarter and for the trailing 12-month period. Strong demand from channel partners across our technologies drove our top-line growth and profitability ahead of expectations. We are proud of the operational excellence delivered by our employees worldwide while navigating the ongoing supply chain challenges. We are confident in our business model and ability to execute. As a result, we are raising our full year fiscal year 2022 outlook and now expect net sales growth of at least 7% and adjusted EBITDA of at least $148 million. The foundation of our hybrid distribution strategy is helping suppliers and sales partners accelerate growth across innovative technologies to meet end user requirements by providing hardware plus services, SaaS, and other value-added offers. Our hybrid distribution strategy guides how we operate our business for sustainable growth and profitability. In addition to our outstanding financial results, I am pleased today to announce the promotion of John Eldh to President of ScanSource, Inc. John's successful two years leading the growth of our device, digital, and cloud businesses and his SaaS background have positioned John to drive the next phase of profitable growth for us at ScanSource. John has built a world-class leadership team that we believe will lead us on a sustainable growth trajectory. As president, John will drive and champion our hybrid distribution growth strategy and communicate this message to our key stakeholders, including employees, sales partners, suppliers, and investors. Congratulations, John. I'll now turn the call over to you to discuss our business performance. Thanks, Mike. The past two years working with you and the entire ScanSource team have been amazing. I'm truly excited and also humbled by this opportunity and wanna thank you for your trust and belief in me. Our future is bright, and I look forward to working together as we architect the next chapter of growth for ScanSource. As for the quarter, our employees delivered impressive results with 6.6% year-over-year net sales growth and 25% year-over-year increase in gross profits. Strong demand across technologies drove top-line growth and margin expansion in both of our segments. I'm delighted with how our team is executing and successfully navigating supply chain challenges. Our second quarter results reflect strong growth from enterprise projects and large deals. While we experienced heightened supply chain challenges in the quarter, our differentiators, specialization, deep supplier and customer relationships, and operational excellence enabled us to manage these challenges and successfully navigate today's supply-constrained environment. Another differentiator is our ability to use our balance sheet for strategic inventory investments. Our customers trust us to take care of their business, and our dedicated suppliers and sales teams work to take friction out of the buying experience. I'd like to share a recent example of how ScanSource is enabling partners to win with our hybrid distribution strategy across hardware, SaaS, connectivity, and cloud services. In this example in the healthcare market, we enabled a large communications VAR with the design and delivery of a collaboration solution that included cloud-enabled hardware for voice and video, along with the UCaaS software subscription. Our team assisted with the technical design, product specifications, pricing, supplier program requirements, and delivery of the total solution. This is a great example of how we enable our sales partners to sell hardware plus SaaS. In our Specialty Technology Solutions segment, net sales increased 9% year-over-year, fueled by strong market demand, increases in big deals, and market share gains. Digital acceleration and technology refresh initiatives with end users are driving demand for our channel partners. A more favorable sales mix and increased supplier sales incentives drove higher segment gross profits, which increased 35% year-over-year, with 10.5% gross profit margin. With increased demand and continued labor shortages, end customers are implementing Mobile Computing solutions to increase automation and worker productivity. To address the massive increase in e-commerce caused by COVID-19, retailers are working with our sales partners to implement mobile solutions to expand distribution centers, maximize inventory awareness, and improve the customer experience. Our sales partners are also helping retailers adopt point-of-sale solutions to navigate omni-channel customer buying preferences, including self-checkout, curbside pickup, and storefront fulfillment for online purchases. The POS Portal team had strong double-digit year-over-year growth for its business, which has a higher margin profile from selling hardware plus services. For our modern communications and cloud segment, net sales increased 3% year-over-year, and segment gross profit increased 18% year-over-year, with a 15.2% gross profit margin. We're also encouraged by our momentum in SaaS subscription sales growing double digits globally. In the communications market, we are well-positioned to serve partners with both on-prem and cloud solutions. The remote work model, considered by many as the new norm, is providing significant opportunities for our partners in UCaaS, CCaaS, cloud-enabled endpoints, and connectivity. The Intelisys team achieved 14% year-on-year net sales growth and exceeded $2 billion in end user ARR, annual recurring revenue, or billings by supplier to end users. We're encouraged by the continued adoption of recurring revenue being sold by VARs. During the quarter, a great highlight in the Intelisys event lineup was our in-person growth summit held here in Greenville, South Carolina. We shared our strategic plans for growth with a select group of over 100 sales and supplier partners. I'm also excited about our regional face-to-face roadshow series, which we are calling AMPED. These high-energy educational networking events advance sales partners' understanding of technology topics, engage them in interactive breakout role-plays, and demonstrate our industry thought leadership through panel discussions. We've already held two of these power-packed events, with 10 more planned across the country for our partners' continued enablement and success. Our team in Brazil continues to deliver consistent performance across top-line revenue and profitability metrics. During the quarter, we experienced strength in big deals, market share gains, and traction with new suppliers. In addition to our success in hardware, our business in Brazil continues to build outstanding momentum across SaaS and digital solutions. I'm encouraged by our first half execution as we head into the second half of our fiscal year 2022. We are leading the way in hybrid distribution, accelerating the future of technology for our partners and suppliers across hardware, SaaS, connectivity, and cloud services. I'd like to thank all of our employees for their outstanding efforts in the quarter, and a heartfelt shout-out to our employees at our distribution centers worldwide who show up every day and exceed our customer expectations. I'd also like to thank our suppliers and customers for their continued loyalty and trust with ScanSource. Now, Steve will take you through the financial results. Thanks, John. Our strong second quarter results demonstrate our team's successful execution of our strategic plan. It was an outstanding quarter for delivering top-line growth, and our margins continue to see the benefit of the expanding mix of recurring revenues and value-added services. We achieved 17.6% ROIC for the quarter, the highest result in five years, as we balance our working capital investment to support our sales growth and meet future demand. As Mike noted in his opening remarks, our strong performance and momentum gives us the confidence to raise our FY 2022 sales growth and EBITDA expectations. In the second quarter, we achieved strong top-line growth, up 6.6% year- over- year or 7% on an organic basis, and expanded our margins in both segments. Our gross profit margins increased to 12.5%, adjusted EBITDA margins increased to 4.92%, and our non-GAAP operating income margin increased to 4.15%. Our Q2 net sales of $864 million reflects strong customer demand across our technologies. During the quarter, we saw a modest benefit from supplier price increases. Our gross profits grew 25% year-over-year to $108 million. Favorable sales mix and higher supplier sales incentives contributed to our higher gross profit dollars. Our Q2 margins increased to 12.5%, up from 10.6% in the prior year's quarter. Our non-GAAP SG&A expense for the quarter of $69.5 million increased $10.4 million or 18% year-over-year. This includes investment in strategic headcount for Intelisys, Brazil, and other growth areas, as well as IT investments to expand our capabilities. Our IT investments focus is to enhance our ability to scale our business as part of our growth strategy. Second quarter adjusted EBITDA, which excludes share-based compensation, totaled $42.5 million, up 43% year-over-year, reflecting a 4.92% adjusted EBITDA margin. Higher gross profit margins drove the Q2 margin expansion. Our second quarter income tax rate of 24% reflects an increase in forecasted tax-exempt income, primarily from Brazil. For fiscal year 2022, we estimate the effective tax rate, excluding discrete items, to range between 24.5%-25.5%. Now turning to the balance sheet and cash flow. Our working capital investment increased as expected to support our sales growth. We used operating cash of $18 million for the quarter and $74 million for the trailing 12-month period. Year-over-year, working capital increased to $156 million, a 43% year-over-year increase. Q2 DSO came in at 64 days, modestly up from our typical range due to longer terms on selected large deals. Our Q2 inventory turns of 5.7 x were in line with our typical range and reflect higher inventory levels to meet future demand and manage the ongoing supply chain challenges. On December 31st, 2021, we had cash and cash equivalents of $34 million and debt of $197 million. Our balance sheet remains strong. From a net debt leverage perspective, we ended Q2 at approximately 1.1 x trailing 12-month adjusted EBITDA, demonstrating financial flexibility to support our growth opportunities and create long-term value. During the December quarter, we had approximately $200,000 in share repurchases under our $100 million share repurchase authorization. Second quarter non-GAAP EPS of $1.02 per share increased 57% year-over-year and is an all-time record high. With our Q2 results, our trailing 12-month non-GAAP EPS of $3.38 is also a record high. We'll now open it up for questions. Our first question comes from the line of Adam Tindle with Raymond James. Your line is open. Please go ahead. Hello, Steve and Mike. This is Catherine on for Adam. John, please let me add my congratulations. Mike, can you please start by commenting on the state of the supply constraints in today versus the end of the December quarter? Last night, we heard from a large domestic reseller that they're starting to see some signs of light, and we're wondering if you're starting to see the same, and is this baked into your forecast for the year? I'll let John answer that, if that's okay. No problem. Hey, thanks for the question, and thanks for your congratulations. We expect to see supply chain challenges continue. Overall, our lead times have extended two to four times longer than a year ago. Have not seen much change from last quarter. You know, we think the team's doing a fantastic job of managing and navigating through the environment. Yes, the lead times and the supply chain is factored into our second half. Okay. Perfect. Thank you. Then one for Steve. A number of vendor partners have been implementing price increases over the past few quarters, which you mentioned actually benefited ScanSource in the quarter. What has been the customer response to this so far? Well, from a customer perspective, you know, we don't have a lot of visibility to the end customer, and we haven't seen a lot of impact from our channel partners. It was expected. It's well communicated, so we really haven't seen much of an impact from a customer perspective. Great. Thank you so much. Thank you. Our next question comes from the line of Keith Housum with Northcoast Research. Your line is open. Please go ahead. Good afternoon, guys. John, I'll once again add my congratulations as well. Well deserved. Hey, guys, I'll throw this out, and I guess I'll let you guys decide who wants to answer it. You know, obviously, the supply constraints issue has been out there now for several quarters. You know, any thought in terms of, you know, how much did that impact your sales for the quarter? Yeah, Keith, thanks for the question, and thanks also for the congratulations. You know, I think the best way to characterize how we're seeing the supply chain is that we did see some impact. We saw some deals push out, and we factored that into our second half guidance. Gotcha. Is your thinking, and I know you partially answered this before, but is your thinking that it's gonna continue through at least the rest of the calendar year? You know, how is your visibility in terms of lead times, and are people able to deliver, you know, on time, or is it constantly fluctuating right now? First of all, I would characterize it as kind of, fluid and ongoing, and we would definitely say that we see supply chain challenges through the end of the year. I think I would point back to what I said earlier in my prepared comments and even last quarter that we are navigating the environment well, and we're extremely proud of our team, and that's one of the key differentiators that's helped us to deliver such strong results this quarter. Gotcha. You know, one of the things we're starting to hear is, you know, the vendors are concerned that whenever this supply chain glut ends, there might be the risk of a lot of inventory somewhere stuck in the channel that might have an impact on sales. I guess, can you address, I guess, efforts the industry and you guys are taking to make sure that doesn't happen at the end of the day? Well, let me take that one. Keith, as we're looking at our inventory levels, we've been able to remarkably keep our inventory levels fairly steady as we've gone through this, which really speaks back to the way we're leveraging our balance sheet, and you see that in our ROIC. You know, we're constantly watching the health of our inventory. We don't get too far out, and so we're managing that. All right. Thanks, guys. Thank you. I'm showing no further questions, and I would like to turn the conference back over to Mr. Steve Jones for any further remarks. Well, thank you, and we'd like to thank everyone for joining us. We expect to hold our next conference call to discuss March 31st quarterly results on Tuesday, May the 10th, 2022. This concludes today's conference call. Thank you for participating. You may now disconnect. Everyone, have a great day. Thank you.