Johnson Outdoors Inc.

Hello and welcome to the Johnson Outdoors second quarter 2022 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 the number one on your telephone keypad. The 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 Pat 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 2022 fiscal second quarter. If you need a copy of today's news release, it is available on our website at www.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-Leopold.

Thanks, Pat. Good morning, and thank you for joining us. I'll begin with an overview on the quarter and the year, and then I'll share perspectives on the performance and outlook for our businesses Dave will review financial highlights and then we'll take questions. Sales in our second fiscal quarter ending April 1st, 2022 declined 8% compared to the prior year's unprecedented second quarter. At the halfway mark of the fiscal year, total company year-to-date sales declined 8% over last year's fiscal six-month period. Total company operating profits of $15.4 million for the second quarter was down versus $36 million in prior year quarter. And year to date, operating profit also declined compared to the prior fiscal six-month period. The great news is that people continue to want to recreate outdoors, and we're seeing continued robust demand for our products across the businesses. At the same time, global supply chain disruptions continue to persist. and the inflationary environment and geopolitical issues create many uncertainties. We're prioritizing product build, and we expect our margins to be challenged this fiscal year with the current supply chain dynamics. In the midst of these challenges, we remain focused on working hard to manage the supply chain issues and continue to fill orders. In fishing, anglers continue to look to Johnson Outdoors for the best fishing experience as possible and demand across all product lines remain strong. Ongoing supply issues and component delays are slowing our ability to complete and ship finished products. We have invested in available components, so we're positioned to finish products as we receive remaining parts. This is a very difficult and challenging environment. I'm very proud of the hard work the team is doing to help us get our products to market. In watercraft recreation and camping, We're building on momentum as both businesses continue to benefit from surge in participation in the activities. Both businesses continue to see double-digit sales growth and are outperforming the market. In watercraft recreation, growth in our fishing kayak segment continues with high demand for the innovative sportsman line that has shown continued strength in the market. And in camping, demand for Eureka tents and stoves continues to be strong, and in jet boil, consumers remain excited about the super light stash stove that is in its second year on the market. Finally, in diving, our most global business, dive markets are showing signs of recovery. Our work to promote and support local diving and to enhance our global digital presence, including e-commerce, have helped this positive growth. We remain focused on these efforts, along with sustained innovation, to ensure ScubaPro's position as the most trusted dye brand in the world. In summary, the great news is that more people want to get outdoors and we're seeing continued strong demand for our products. At Johnson Outdoors, we take the long-term view, working to position our brands and businesses for the future growth. In the meantime, navigating the challenging conditions and uncertainties is our priority, and the team remains focused on working hard to maximize product build and shipments to customers. Now I'll turn the call over to Dave for a review of the financial highlights.