Helios Technologies, Inc.

Greetings and welcome to the Helios Technologies third quarter fiscal year 2022 financial results call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to Tanya Allman, Vice President of Investor Relations and Corporate Communications, Thank you. You may begin.

Thank you, operator, and good day, everyone. Welcome to the Helios Technologies third quarter 2022 financial results conference call. We issued a press release announcing our results this morning. If you do not have that release, it is available on our website at hlio.com. You will also find slides there that will accompany our conversation today. On the line with me are Joseph Matasevic, our President and Chief Executive Officer, and Tricia Fulton, our Executive Vice President and Chief Financial Officer. They will spend the next several minutes reviewing our third quarter results, discussing our progress with our strategy, providing our updated outlook for 2022, and then we will open the call to your questions. If you turn to slide two, you will find our safe harbor statement. As you may be aware, we will make some forward-looking statements during this presentation and the Q&A session. These statements apply to future events that are subject to risks and uncertainties, as well as other factors that could cause actual results to differ materially from where we are today. These risks and uncertainties and other factors were provided in our 10-K filed with the Securities and Exchange Commission. You can find these documents on our website or at sec.gov. I'll also point out that during today's call, we will discuss some non-GAAP financial measures, which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. We have provided reconciliations of comparable GAAP with non-GAAP measures in the tables that accompany today's slides. Please reference slides three and four now. With that, it's my pleasure to turn the call over to Joseph.

Tanya, thank you, and good day, everyone. This quarter, again, our team has kept the heads down to deliver to our customers, execute our plan, and drive results. Against the backdrop of a major hurricane, rapid and measurable change in FX rates, ongoing supply chain challenges, effects on Europe from a prolonged war, and a weak and restricted economy in China. We continue to innovate with new technology, capture market share, integrate our flywheel acquisitions, and diversify in applications and markets. In a nutshell, we are executing on our augmented strategy to continue to deliver on our long-term growth plans with top-tier margins. Our steadfast dedication to our customers, our technology innovation leadership, and our ability to leverage our unique vantage point as pure play in the hydraulics and electronics space provides us confidence that we will continue to outperform against our competition. Protecting the business, our margins, and cash flow are top priority in this environment. As I mentioned on our last earnings call, we have been making great progress executing on our manufacturing and operating strategy. We provided some excellent examples of our strategy at work at our recent Sales Site Analyst Day. For example, this includes leveraging the manufacturing expertise and operational footprint we gained with the acquisition of Balboa. We are moving the production of several product categories to our state-of-the-art low-cost operations in Mexico. Our strategy addresses our in-the-region, for-the-region approach that has enabled us to outperform on lead times to our customers and gain market share. In addition, we are seeing our operating companies working closer together across R&D, manufacturing, as well as system sales. Our transformation to an integrated operating company is happening. This strategy provides the framework for a long runway of operational efficiencies that we are still in early innings of executing. As we fold in more flywheel acquisitions over time and add new markets and products, there will always be something to optimize. We outlined examples of several current projects we have in process. I encourage you to review the analyst's day deck on our website to learn more about the many actions we are taking to drive efficiencies, productivity, and optimize our cost structure. This quarter, we further demonstrated our focused flywheel acquisition strategy closing on Damien products. They are an excellent complement to our hydraulics platform. Damien brings established long-term relationship with a diversified customer base serving multiple end markets. Additionally, they have a differentiated value proposition with a strong engineering team that serves a breadth of applications across both custom and standard manifold design packages. With the Helios business system, we expect to leverage Daemon from a very successful small business to close it to a $100 million business over the next few years. We are so pleased to add them to the Helios corporate family. We continue to prove our innovation leadership. Capitalizing on our expertise in the hydraulics and electronics, we created a breakthrough one-of-a-kind solution that we expect to drive change throughout the markets we serve. Our recently announced Energen solution creates electrical power by capturing wasted energy from a hydraulic fluid which can be used to support the growing number of electrical applications required on any type of equipment. This changes the paradigm and we are serving the mega trend of electrification of hydraulics by creating power where it's needed. This is just one of many technology innovations that we have recently announced. We held a science fair tour led by our engineers during our endless day to highlight the large number of new, innovative, energy-efficient products we are bringing to the marketplace over the coming months as we execute on our innovations roadmap. All we do remains centered on our intent to protect our business think and act globally, diversify our markets and revenue sources, and attract and retain talent, which is the backbone of our success. Thank you once again to all the Helios colleagues this quarter for their tireless work and dedication to our company. Let me now turn the call over to Tricia to review the financial results and discuss our updated outlook in more detail before I come back for some closing remarks. Tricia?