Johnson Outdoors Inc.

Hello, everyone, and welcome to the Johnson Outdoors First Quarter 2021 Earnings Conference Call. Today's call will be led by Helen Johnson Leopold, 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 the number 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 hand the call over to Patricia Penman from Johnson Outdoors. Please go ahead, Ms. Penman.

Thank you. Good morning, everyone. Thank you for joining us for our discussion of Johnson Outdoors results for the 2021 fiscal first 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 Dave Johnson or me. It is now my pleasure to turn the call over to Helen Johnson-Leopold.

Thanks, Pat. Good morning, and thank you for joining us. I'll begin with comments on performance this quarter and outline priorities going forward. Dave will review financial highlights, and then we'll take your questions. First, fiscal quarter sales reflect the continued impact of the COVID-19 pandemic, driving high demand for outdoor recreation products that began in the second half of our 2020 fiscal year. Consumer demand remained strong during the quarter, and customers replenished their depleted inventory levels in anticipation of the upcoming warm weather recreation season. First quarter sales rose 29% to $165.7 million versus $128.1 million in the prior year period. Operating profit of $23.6 million was up significantly versus $6.8 million in in the prior year first quarter. Net income was $19.8 million or $1.96 per diluted share, which compared very favorably to the previous year's first quarter net income of $6.4 million or $0.64 per diluted share. Jay will provide more details on the quarter's results in his remarks. In fishing, our largest business, demand remains high across all brands, and we continue to build on a powerful legacy of innovation that draws both seasoned anglers and new anglers to Johnson Outdoors for a great fishing experience. Hummingbird's award-winning Mega 360 imaging, the only sonar option that provides a high-resolution 360-degree view with unmatched detail and coverage, continues to do well in its second year on the market. Before Mega 360, anglers were limited to a sonar view either below or to the sides of their boat while moving. Now with Mega360, anglers can make an accurate cast in any direction to either side, in front of and behind them, even if the boat is anchored. When Mega360 imaging is used together with Minn Kota SpotLock technology, it provides anglers with an effortless command of their boat and an uncompromised view of fish and the world below. We are constantly looking for ways that our products can easily integrate and communicate, and we continue to enhance our one-boat network, enabling anglers to control their connected Minn Kota trolling motor, Talon and Raptor shallow water anchors, and Cannon downrigger directly from their Hummingbird unit. Hummingbird also recently started shipping a new generation of Helix fish finders, providing anglers with the latest in innovative imaging technology with Mega Imaging Plus and a variety of screen sizes to ensure there is a Helix to fit any angler's needs. The big screen model of that offering, the new Helix 15 model, boasts a giant 15.4-inch ultra-bright and crystal-clear display that enables visibility of the details provided by exclusive Hummingbird sonar navigation and networking technologies. The Helix 15, along with Hummingbird's ultra-big screen Solex series, rounds out our product offering of the very best in large screen fish finders. In Minn Kota, we are continuing to see positive sales momentum with the award-winning Raptor shallow water anchor. Raptor is the only shallow water anchor to feature two industry-first technologies, active anchoring, and auto-bottom mode, which enable these shallow water anchors to automatically monitor the water and the bottom conditions to keep the boat anchored firmly in place no matter what the fishing situation is that they encounter. Looking ahead, sustaining our innovation and technology leadership position in the fishing market remains a top priority, and we have more exciting new products in the pipeline. In watercraft recreation, we saw strong demand across all product lines and continued enthusiasm for our Old Town Sportsman line of power pedal and paddle fishing kayaks that was launched last fiscal year. The flagship model of this innovative new line, the award-winning Sportsman Autopilot 120, utilizes a GPS-enabled Minn Kota trolling motor to propel, steer, and anchor the kayak with its unique SpotLock technology, providing kayak anglers with hands-free fishing. We hope to continue the positive momentum of the Sportsman line in its second year on the market. Camping is one of the most accessible outdoor activities that people have been able to do safely, and both our JetBowl and Eureka brands have benefited from the surge of participation in the activity and our hard work in understanding our target consumer is paying off. Demand for Eureka tents and stoves continues to beat expectations. and Jetboil, the technology leader in portable outdoor cooking systems, just recently launched exciting new innovation called the Stash. The Stash is the lightest all-in-one backpacking stove system that Jetboil has ever made, and we are excited for our newest technology to hit online and retail shelves very soon. ScubaPro is the most trusted dive brand in the world, and while the destination diving market continues to be impacted by travel restrictions, We're continuing our work to promote and support local diving. While we are taking steps to simplify our diving business during this challenging time, our team continues to focus on investing in innovation and enhancing our digital presence globally with new European websites and e-commerce. These efforts will ensure ScubaPro is in a strong position for the future. It was an unprecedented start to the year. While indications are strong that it will be a good season ahead and people will continue to be eager to get outdoors, the COVID-19 pandemic still brings uncertainty and challenges to work through. Looking ahead, we will continue to focus on keeping pace with demand as well as leveraging our market-leading brands and driving innovation to maximize the heightened interest in outdoor recreations. Our ongoing investment into understanding our consumers, sustaining innovation leadership, identifying new sources and paths of growth in our markets, as well as optimizing our digital consumer experience as more and more consumers research and purchase online, are all key to ensuring progress towards our goal of delivering sustained profitable growth. Now I'll turn the call over to Dave for a review of the financial highlights.