Johnson Outdoors Inc.

Hello, everyone, and welcome to the Johnson Outdoors Second Quarter 2021 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'd like to ask a question during that time, please press star, then your 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 this term, 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.

Patricia Penman Thank you. Good morning, everyone. Thank you for joining us for our discussion of Johnson Outdoors results for the 2021 fiscal second quarter. If you need a copy of today's news release, it is available at our website at johnsonoutdoors.com under Investor Relations. I also need to remind you that this conference column 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 an overview of the quarter and year-to-date results, and then I'll share perspective on the performance and outlook for our businesses. Dave will review key financials, and then we'll take your questions. Historically, the first six months of the fiscal year is our preseason ramp-up and selling period for the primary retail selling season. But the ongoing impact of the COVID-19 pandemic and the increased interest in outdoor activities has resulted in unprecedented high demand for outdoor recreation products that has continued through our fiscal second quarter. As both customer and consumer demand remained strong, sales surged to $206.2 million during the second quarter, 26% ahead of last year. Strong operational efforts allowed the company to deliver these results, At the halfway mark fiscal year, total company year-to-date sales stand at $371.8 million, a 28% increase over same period year ago. Total company fiscal six-month operating profit increased 54.4% to $59.6 million compared with same period year ago. For the second fiscal quarter, total operating profit was $36 million, versus $31.8 million in the previous year's quarter. Net income for the quarter was $27.8 million or $2.76 per diluted share. Dave will discuss the key financial drivers in detail later in this call. The pandemic has been a catalyst for people to get outdoors, and as participation in outdoor activities has grown, we've been able to take advantage of the heightened interest by leveraging our portfolio of market-leading brands and innovation. In fishing, our largest and most profitable business, participation has always been high, but it's been even higher during the pandemic. Robust demand from ENCODA and Hummingbird Technology continued through the second quarter as both new and seasoned anglers looked at Johnson Outdoors for the best fishing experiences possible. With a strong heritage of innovation, quality, and durability, Minn Kota continues to be the industry leader in trolling motors. Sales continue to impress across all product lines as anglers look to Minn Kota as the trusted brand to help them catch more fish. We're also seeing continued success with Hummingbird's award-winning Mega 360 imaging, the only sonar option that provides a high-resolution, 360-degree view with unmatched detail and coverage. as well as success with Mega Imaging Plus. Extending the depth range and expanding the side coverage areas, Mega Imaging Plus can be found in Hummingbird's new generation of Helix Fish Finders, providing anglers with the latest in innovative imaging technology and a variety of screen sizes, ensuring there is a helix to fit any angler's needs. We will continue to invest in building upon our strengths. our knowledge of fishing and fishing consumers, coupled with our technical know-how to maintain our pipeline of exciting new products and to sustain Minn Kota and Hummingbird's leadership position in the fishing market. In watercraft recreation, our pedal drive system technology has been expanding to a broader audience as more people are eager to get out on the water and the fishing kayak segment especially continues to grow. Enthusiasm hasn't slowed down for the innovative line of sportsman kayaks that was launched last year. From the versatile pedal-powered sportsman salty kayak to the award-winning autopilot 120 motorized fishing kayak, the sportsman line offers a watercraft for everyone looking to enjoy the great day outdoors. Innovation is key to taking the camping experience from good to great. And we're seeing our hard work pay off in understanding consumers' evolving needs and expectations and translating those insights into bigger, better, new product success. Since its launch earlier this year, we've seen consumer excitement for all-new, super-lightweight, jet-boiled stash stove. We all know reducing weight on the trail is critical for backpackers. Stash is the lightest all-in-one backpacking stove system that Jeff Boyle, the technology leader in portable outdoor cooking systems, has ever made. And as more people continue to look for ways to spend time outdoors this year, demand for our Eureka brand of tents and camp cooking technology continues to be expectations. In diving, while ongoing travel restrictions and lockdowns in certain countries continue to impact the diving market, We're continuing our work to promote and support local diving, taking steps to simplify our diving business during this challenging time and enhancing our digital presence globally with new European websites and e-commerce. These efforts, along with sustained innovation, will strengthen Scuba Pro's position as the most trusted dive brand in the world. Looking ahead, our near-term focus is to keep pace with the strong demand in fishing, watercraft, recreation, and camping. Longer term, we remain committed to investing in our key strategic drivers, understanding our consumer, sustaining innovation leadership, identifying new sources and paths of growth in our markets, and optimizing our digital consumer experience as more consumers research and purchase online. Our ongoing hard work on these priorities ensures that our portfolio of market-leading brands is well positioned for success in 2021, 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.