Good afternoon, everyone, and thank you for joining us. With me today are Jim Scholhamer, Chief Executive Officer, and Sheri Savage, Chief Financial Officer. Jim will begin with some prepared remarks about the business, and Sheri will follow with the financial review. Then we'll open up the call for questions. Today's call contains forward-looking statements that are subject to risks and uncertainties. For more information, please refer to the Risk Factors section in our SEC filings. All forward-looking statements are based on estimates, projections, and assumptions as of today, and we assume no obligation to update them after this call. Discussion of our financial results will be presented on a non-GAAP basis. A reconciliation of GAAP to non-GAAP can be found in today's press release posted on our website. With that, I'd like to turn the call over to Jim. Jim? Thanks, Rhonda, and thank you all for joining us today. I'm going to start by providing our thoughts on the current demand environment and why we believe 2022 will be another year of growth. I'll follow that with a high-level review of our results, including some insight on current events affecting our business and the industry. After that, I'll turn the call over to Sheri for a financial review. Then we'll open up the call for questions. Industry demand remains elevated, with appetite for our products and services growing across all our end markets. Unlike historical semi-market cycles, the acceleration of digital transformation the past couple of years has dramatically increased the consumption of semiconductor content to the benefit of the entire manufacturing ecosystem. Record multi-year capital spending plans are ramping to support industry's megatrends such as 5G, artificial intelligence, electric vehicles, and high-performance computing. We will continue to execute on our long-term growth strategy by innovating and investing alongside our customers, gaining share, and further securing our leading position as their manufacturing partner of choice for years to come. One of the primary reasons we continue to increase share with our current customers and attract new business is our relentless commitment to quality. Earlier this month, we were honored to receive the Excellence in Quality Award from Applied Materials for consistently meeting and exceeding their expectations over the past year. I am extremely proud of our teams who successfully anticipated and delivered beyond our customers' needs. Quality isn't the only reason our business is growing under challenging circumstances. The fact that we are able to meet our customers' schedules also plays a key role, as highlighted by Intel's recognition of our ability to deliver on time during the pandemic. Quality and on-time delivery were the reasons Intel chose UCT as a partner for their Ohio mega-fab project, reinforcing our partnership to meet the surging demand for advanced semiconductors. UCT's proven ability to continuously challenge the status quo in the way we think, act, and drive our business is delivering exceptional value to our customers. One of UCT's most compelling value propositions is our ability to provide capacity to support growth in outsourcing. By optimizing our existing asset infrastructure and adding additional capacity, we enable a deeper collaboration with customers, resulting in a faster response to market opportunities. From the fab construction phase, to building the equipment within the fab, to servicing the end products, we are set to capitalize on a broad range of opportunities throughout the semiconductor value chain. For all the reasons I just mentioned, we continue to believe that 2022 will be another year of growth for the WFE market. In the short term, however, we did experience some obstacles late in the first quarter that impacted our financial results. The Chinese government's zero-tolerance lockdown strategy, together with the grounding of all Chinese airline-based 737-800 aircraft, impeded our production schedule and interfered with our ability to ship and receive from our Shanghai facility. With these two events happening simultaneously near the end of March, we did not have sufficient time to leverage our global footprint to offset production delays. The lockdown situation in China remains dynamic, and it is uncertain when restrictions will be lifted. We are working very closely with our customers and suppliers to utilize alternative production and delivery solutions. For example, we are shifting production to Malaysia, Texas, and our Philippines sites. To date, we have not impacted our customer delivery schedule. In addition, we are able to meet immediate demand, but some fulfillment has shifted into subsequent quarters. We are confident in our ability to navigate and adapt using the flexible operating protocols that have served us well since the beginning of the pandemic. Broader macroeconomic and geopolitical instability continues to exacerbate issues in an already fragile supply chain. While we believe that China's shutdown will be temporary in nature, we anticipate supply chain challenges could persist for some time. In summary, we will adapt to the short-term challenges by remaining operationally flexible, and we will drive productivity to meet our growth objectives. I want to thank our employees, our suppliers, and our customers for their commitment and collaboration. We have consistently proven that UCT is a resilient company, and remain confident that we will demonstrate notable upside for our company, our employees, our customers, our investors, and our communities over the long run. With that, I'd like to turn the call over to Sheri for a review of our first quarter financial results. Sheri? Thanks, Jim, and good afternoon, everyone. Thanks for joining us. In today's discussion, I'll be referring to non-GAAP numbers only. The China COVID lockdown and the grounding of the China Eastern Airlines Boeing 737-800 aircraft in the quarter impacted our production and delivery schedules. As a result, total revenue for the first quarter was $564.1 million, compared to $615.1 million in the prior quarter. Products Division revenue was $486.8 million, compared to $533.9 million last quarter. Revenue for our Services Division was $77.3 million, compared to $81.3 million in Q4. Total gross margin for the first quarter was 20.5% compared to 21.5% last quarter. Products gross margin was 18.2% compared to 19.1% in the prior quarter. Services was 35.5% compared to 37.1% in Q4. Margins can be influenced by customer concentration, geography, product mix, and volume, so there will be variances quarter to quarter. Operating expenses for the quarter was $54.3 million, compared with $54.6 million in Q4. As a percentage of revenue, operating expense was 9.6% compared to 8.9% in the prior quarter. Total operating margin for the quarter was 10.9% compared to 12.6% in the fourth quarter. Margin from our Products division was 10.2% compared to 11.8% in the prior quarter. Services margin was 15.7% compared to 17.9% in the prior quarter. The change in margin was primarily due to lower volumes coming out of our Asia facility due to the China shutdown. Based on 45.6 million shares outstanding, earnings per share for the quarter was $0.95 on net income of $43.3 million, compared to $1.22 on net income of $55.5 million in the prior quarter. Our tax rate for the quarter was 16.4% compared to 15.8% last quarter. We expect our tax rate for 2022 to stay in the mid to high teens. Turning to the balance sheet, our cash and cash equivalents were $367 million at the end of the first quarter, compared with $466.5 million last quarter. Cash from operations was -$67.4 million, compared to $43 million in the prior quarter due to lower production, increased inventory due to China shutdown, and the timing of cash collections and payments. We expect cash generation to recover in Q2. With demand still outpacing what the overall equipment industry can deliver, uncertainty around the global supply chain and COVID-related interruptions, we are widening our guidance range. We are projecting total revenue for the second quarter of 2022 between $550 million and $630 million. We expect EPS in the range of $0.84-$1.20. With that, I'd like to turn the call over to the operator for questions. We will now begin the question and answer session. To ask a question, you may press star then one on your touch tone phone. If you are using a speaker phone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star then two. At this time, we will pause momentarily to assemble our roster. The first question today comes from Quinn Bolton with Needham & Company. Please go ahead. Hi, guys. Wanted to ask your largest customer, Lam, on their call last week talked about in this supply constrained environment, trying to qualify additional subsystem and component vendors to try to navigate through the supply chain. I'm kind of curious, what are you seeing in terms of your large customers looking for, you know, additional major module or gas panel suppliers? Do you think that's a threat? Do you think you actually benefit from that trend? Yeah. Hi, Quinn. Actually, I think we benefit from that trend. We have done really well supplying them, even though we've had some issues, you know, at the very end of the quarter. We have been a very reliable supplier. Actually they're partnering with us to find to help enable sub-sub-suppliers, you know, in that system. I think actually it's something that's really gonna help us going forward. Because I think we've been a very reliable supplier to them, and I think we're one of the companies that they wanna partner with to find, you know, broader solutions. Got it. Thank you for that, Jim. I guess for Sheri, just looking at the gross margins down to 20.5% in the March quarter. Obviously, revenue took a step back, so I assume that there are some absorption charges as part of that step back. As you look forward to June and perhaps into the second half of the year, what are your expectations for gross margin recovery? Yeah, Quinn, thank you for that. You know, obviously, our Q1 was definitely affected by the China airline situation as well as the lockdown. We will continue to see a little bit of pressure in Q2 as well, but as we continue to move through the rest of the year, we see more acceleration of some of our revenue going out of our Malaysia site, as well as shifting to some other sites that we have in the Philippines and potentially Austin. So we'll see distribution across several locations, and that will really help us get back into the ranges that you've seen previously from a gross margin perspective. Great. Just last question from me. On the China Eastern Airlines grounding of the 737-800s, are those still grounded? Are those now back in the air? What are you seeing on the logistics? I know COVID lockdowns are still disrupting the ability for companies to receive or make shipments, but are the airlines sort of back up and returning to normal right now, or are they still under lockdown? Yeah ... for the 737s? Yeah. The 737 are back up and running. It wasn't just China Eastern, it was initially all 737s. China Eastern obviously is one of the major players. But as far as I'm aware, they are all back up and running. Obviously there's a logistic kind of pileup that happened because of that, but I think it's being worked out. Got it. Thank you. I'll get back in the queue. Thank you. The next question comes from Krish Sankar with Cowen. Please go ahead. Hi, this is Steven calling on behalf of Krish. Thank you for taking my questions. I guess first, maybe Jim or Sheri, if you can help us quantify just in terms of the impact in China during the March quarter. What was the rough revenue impact from some of the logistics delays and manufacturing lockdown or local lockdowns in that region to your revenues? Can you quantify it? Yeah. We anticipated that we would obviously hit our midpoint that we provided from guidance. There was about $41 million that we did not ship out as a result of the China lockdown and grounding of the airfreight. About $41 million would have gone out if we had been able to do that between that site as well as our Singapore site that feeds from our China site. Perfect. I guess just switching to other regions, Europe in particular, just from a logistics standpoint, I mean, I guess just given the geopolitical situation out in Eastern Europe, are you seeing any impact to like your delivery schedules for any customers out in Europe at this time? Hey, Steve. No, we haven't seen anything of that sort. Okay, great. Thanks. The next question comes from Patrick Ho with Stifel. Please go ahead. Thank you very much. Jim, I know it's a very fluid situation, as we speak, on the supply chain and of the higher input costs, that all companies are dealing with. From your perspective, for the June quarter, what's gonna be the biggest headwind? Is it your ability to procure parts? Is it the freight and logistics costs? If you could help in terms of a little color on what the biggest headwind you'll be facing in the June quarter. Yeah. Hi, Patrick. I think there's two components. We don't think logistics is gonna be one of them. It's going to be around COVID lockdowns, the zero-tolerance policy in China, and being able to bring our Shanghai factory, you know, back up from 40% to 100%. That's kind of one major area. Then the second area is of course around, you know, multiple supply chain constraints, as you're well aware in multiple different areas. But I think that's. The biggest variable is around our plant in China being able to continue to come back online. Now, we're taking mitigating measures against that. We're moving a lot of that work to our Philippines site, our Austin site, our new Malaysian site. We have a pretty good, you know, very solid business continuity plan, BCP plan. We're mitigating a lot of that. I think, you know, in our assumptions, you know, we, you know, we're really looking at continued improvement on, you know, the COVID situation in China. Great. That's helpful, Jim. Maybe as my follow-up question, the demand environment, as you highlighted, remains very strong out there, particularly on the equipment front. You've also shown a track record of being able to flex capacity, particularly during the pandemic when things were just as chaotic. Given that the demand environment remains really high, I guess the question I'm trying to get at is how much more capacity can you, quote, increase by flexing? Just, I'm assuming you probably have very high utilization rates in your existing capacity. I guess what I'm trying to figure out, well, how much more could you expand if you shift some of that capacity to ones like you said in the Philippines, Malaysia, or Austin? Yeah, I think, you know, as you know, we're bringing up our Malaysia facility. I think, in Q4, we did, you know, single-digit millions, and now we're doing $30 million-$40 million a quarter out of there. We'll be up to a much higher number. We're ramping that one in Malaysia as quickly as possible. You know, part of the issue is we won a lot of market share, and so a lot of new products went into Malaysia. It actually got filled up with market share wins along the way. You know, I think in a rough sense, you know, there's within a very short period of time, you know, we could certainly do, you know, $600-$800 million a quarter. Obviously, what happened to us in China was in the last few weeks. I mean, when the COVID restrictions came, you know, two to three weeks left in the quarter, that was really difficult. As nimble as we've been, that was really difficult to manage, you know, within the quarter, and it's having some impact in our second quarter guidance. You know, we certainly know how to do this, and I think, you know, we're gonna see some pretty strong growth through the second half of the year. Great. Thank you very much. The next question comes from Christian Schwab with Craig-Hallum Capital Group. Please go ahead. Thanks for taking my call. Jim, how big of a recovery do you expect in your quarterly revenue in the second half of the year, should we not have any, you know, further, you know, COVID-related, you know, factory issues in Shanghai? The WFE growth expectations for this year, as you know, are extremely strong, and you've historically have outgrown that, you know, by 10 points or more. Do we have the capability for a very meaningful ramp? When you talked about growth expectations or growth for 2022, you know, would you expect strong double-digit revenue growth still for the year? Yeah. I think most of the analysts have estimated, you know, numbers roughly around $2.5 billion or so. We're still pretty confident that we can through a very strong second half kind of hit the numbers that the goalposts that you have all put out there for us and ourselves as well. Okay. Fabulous. You know, given you know, the you know, the design wins that you've talked about you know, that's kind of ramping up in the Malaysia facilities as well as being you know, chosen you know, by Intel, you know, how big can that business with Intel ramp up to on a yearly basis? Yeah. I think on a yearly basis is maybe, you know, a difficult forecast to give. I think you've seen Intel seems to be announcing a new fab every month somewhere. Right. We're working closely with them to support that growth. They're also partnering with us. I think the Intel, you know, obviously from announcing a new fab to, you know, holes in the ground to getting the fab up, that's a several year cycle. We obviously want to support, you know, that valuable customer and be there for them and help them get successful on some pretty dramatic growth plans that they have. We believe we can grow, you know, with and maybe above Intel as they go forward. It'd be hard to give, you know, a projection to that. It definitely, assuming success and moving forward with their new mega-fab in Ohio, with fabs in Ireland and in Arizona, in Germany, you know, we definitely see over the next two to three years a very strong growth for us. I think if you look at Intel's growth and our growth, we should outpace that. Okay, great. Just my last question. You talked about the Shanghai facility being at 40%, you know, kind of capacity utilization, you know, obviously well shy of 100 or approaching full capacity, whatever that number may be. Is that a return from 40 to full capacity utilization? Is that an incremental $40 million a quarter, or is it actually a bigger number than that? That's a difficult bridge to make, so maybe I'll give you some of the background. We're at 40% because those are the local employees that can come into the factory. Then our assumptions are that in May, we're going to be able to bring, you know, 100% of our employees back from other regions that are currently in the lockdown, and that looks pretty positive right now. As far as bridging what the revenue means, I think for the second quarter we, you know, we have our guidance, you know, around, you know, that assumption. Certainly, there is a lot more demand than what we're guiding to. If things pick up and do better, you know, we would hope to, you know, overachieve and do better than the guidance that we've given for the second quarter. I think we've put a pretty solid plan in place given what we know today. Okay, great. No other questions. Thank you. Thanks, Christian. The next question comes from Hans Chung with D.A. Davidson. Please go ahead. Yeah, thank you for taking my question. So, I think I earlier heard you quantified the China-related impact, about $41 million in first quarter. How is the number for second quarter? Then also, can you comment on the demand trend from the booking and backlog perspective? Yeah, I didn't hear the second part of your question, but from a revenue perspective, for the next quarter, you know, we would assume that approximately $25 million would be coming out of, you know, back into that factory at least, from what we had not shipped from the previous quarter. That's that impact. Can you repeat the second question? Oh, yeah. Second question is like can you comment on the trend in a booking or the backlog during the quarter? Like, do we still see this trend continue to increase or kind of flat or whatever? Just any comment would be helpful. Yeah, absolutely. You know, obviously we've been talking about having approximately $30 million-$40 million of backlog in the last couple quarters that we would have liked to have shipped but didn't have enough parts. That obviously rolled forward. We're seeing that start to you know be sprinkled into Q2, Q3, and Q4. As a result of that, we're gonna see hopefully that revenue ship out. As Jim mentioned, we do see very high demand over the course of this year, and hopefully we'd be able to ship more. Basically that demand that we've seen that has rolled over from quarter to quarter will definitely more than likely move into Q3 and Q4 forecast when we get to that point. I think that's helpful. Thank you. Thanks. As a reminder, if you would like to ask a question, please press star then one to enter the question queue. The next question comes from Quinn Bolton with Needham & Company. Please go ahead. Jim or Sheri, just a follow-up question on Shanghai, just sort of trying to get my hands around the size of that facility. If you know, Shanghai was shut down, couldn't ship for the last two to three weeks, and that had a $40 million impact on the quarter. Should we be thinking that about $150 million-$200 million of revenue flows through Shanghai? You know, again, just trying to get some sense of how large that facility is. Hi, Quinn. No, you can't extrapolate the last three weeks because I don't know why, but the industry has always been this way. Everything ships in the last three weeks of the quarter. The last three weeks tend to be critical. You know, it comes from our customers, it comes from their customers. There tends to be this last-minute cramming for the homework and the exam. There tends to be a very heavily weighted effect on the last two to three weeks of a quarter. Shanghai, we do about $100 million or so out of Shanghai, so it's obviously one of our bigger factories. You really can't take the impact of the last three weeks and linearly extrapolate that to the impact. I think the main point is we think we're gonna, you know, we're pretty confident between our business continuity plans and moving, you know, production to other sites, as well as the fact that things are loosening up in the area right now, you know, that we'll start to make headway on that in the second quarter. I think by the third and fourth quarter, we'll really gain a lot of momentum. You know, we often get the question, is this demand perishable? That's a favorite investor question. It is not. We are fulfilling the customers. Many of the customers are affected by the same exact things. Even if we weren't impacted, you know, the whole ecosystem has been impacted. We are not causing customer issues with this. But we believe that the whole ecosystem will really start to come back in the second half, and we'll start to see some improvement in the second quarter. Yeah, my second follow-up was just on the Malaysia facility. I think you said you were doing sort of $30 million-$40 million from that facility in the March quarter. I just wanna make sure, is that a quarterly run rate? I believe in the past you'd said that the first phase of that facility could do about $200 million a year or about $50 million a quarter. It sounds like that's ramped pretty quickly, if I've got the numbers correct. That's correct. That is a quarterly number. We are ramping it, and we are accelerating the ramp, given you know the demand environment and the different you know issues that we're facing. We are accelerating that as fast as possible. We're really proud of that Malaysian facility. They've done an amazing job, as I've mentioned before, and we're bringing that up very quickly. Absolutely, we expect to do you know somewhere you know somewhere in the next year or so you know ramp that up to about a $200 million a quarter, $150 million-$200 million a quarter business. Got it. Thank you. This concludes our question and answer session. I would like to turn the conference back over to Mr. Scholhamer for any closing remarks. Well, thank you all for joining us today, and we look forward to meeting with you again next quarter. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.