Ladies and gentlemen, thank you for standing by and welcome to Exco Technologies Limited First Quarter Results 2022. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a Question-and-answer session. To ask the question during the session, you will need to press * then one on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance please press * then zero. I would now like to turn the conference over to your speaker for today, Darren Kirk, President and Chief Executive Officer. You may begin. Thank you, Tuanda. Good morning, ladies and gentlemen, welcome to Exco Technologies fiscal 2022 first quarter conference call. I am Darren Kirk, CEO of Exco. I will lead off with an operations overview. Matthew Posno, our CFO, will then review the financial results before we open the call for questions. Before I begin, I would like to make some comments about forward-looking information. In yesterday's news release and on page 2 of the presentation that we have posted to our website, you will find cautionary notes in that regard. While I won't repeat the contents, I want to emphasize that they apply to this discussion today. So it was a challenging quarter with several factors catching up to us. Lower vehicle production volumes due to ongoing chip shortage was the biggest contributor. However, labor disruption due to the greater spread of the Omicron variant, widespread inflationary pressures, inventory de-stocking, broader supply chain issues and logistical constraints also contributed. But I want to emphasize that while the quarter was challenging and while our results were well below our recent performance, nothing has changed fundamentally for Exco or our medium-term outlook. We expect much stronger results in the quarters ahead. In fact, with that in mind, I'm very pleased to announce that yesterday our Board of Directors approved a 5% increase in our dividend to an annualized rate of $0.42 per share. This is the 14th time Exco has increased its dividend in the last 13 consecutive years. I'm not sure how many other companies have done this, but I do know it's a pretty exclusive club. Despite current headwinds we remain encouraged by the underlying trends across our various businesses that will contribute to our future growth. I've mentioned several times before, the automotive industry's transformation towards electric vehicles and focu- focus on reducing emissions is extremely positive for Exco tooling businesses. As OEMs make the change to greener vehicles and strive for greater manufacturing efficiency there is an increased use of light metals and the demand for our associated tooling. There is also increasing demand for technical expertise at the supplier level as products become larger and more complex. More broadly, we also expect to benefit from the trend towards larger and more complex castings across the industry as all OEMs seem likely to pursue this playbook. In addition, there is a heightened focus on efficiency by all manufacturers for sustainability initiatives that will be very positive for the entirety of our tooling business. In anticipation of these trends, we continue to make sizable investments in order to better position our various businesses to capture these opportunities. We are investing record sums of CapEx this year across several initiatives and we made great headway on advancing these projects during the quarter. By this point, I think the constrained supply of microchips impacting the OEM's ability to manufacture vehicles is well understood. Most industry players and analysts do, however, expect an improvement in supply as we go through 2022. IHS, for example, is anticipating a 17% increase in vehicle volumes in 2022 and a further 11% in 2023. It is important to understand that underlying demand for vehicles remains strong. This is evidenced by record high prices for used vehicles, significantly depleted dealer inventories and an aging of the on-road vehicle fleet to historic levels. Turning to the quarter, and first looking at our automotive solutions segment. Overall, vehicle production volumes in North America and Europe were down about 20% year-over-year. This drove our segment revenues lower, but we were additionally impacted by unfavorable vehicles and product mix shift, inventory destocking of Exco's products in the supply chain, as well as our own operational logistical constraints. New program launches contributed to our results this quarter, including one key new program where we are supplying sizable content on a fleet of commercial EV vans. This program will begin to ramp up more significantly in our third fiscal quarter and continue for several years. Moreover, we will continue to ramp up several other new key programs through 2023 that will provide outsized growth relative to our historical performance. Meanwhile, quoting activity and new program awards remains very decent. We are seeing a number of sizable new opportunities, particularly with electric vehicles from both new and established OEMs. On the cost side, our margin suffered from greatly reduced overhead absorption due to the lower volumes. Employee severance costs were also a factor, although we also carried extra cost as we have retained surplus labor in anticipation that demand levels will rebound in the coming quarters. Fluctuations in the, in forecast versus actual order releases were again problematic this quarter. This occurred as our customers juggled their own production schedules in response to the chip shortage issue. These challenges were pushed down to, to the supply base and place strain on our own production planning process. Moreover, raw material cost increases picked up and we faced various supply chain challenges of our own. These elements required us to be nimble and also absorbed a lot of extra costs related to over time material substitution and expedited freight. Pricing remains tough in this business and there is limited ability to use this tool as a lever. We did, however, take pri- pricing action where possible to recover higher input costs. We will see the impact of these actions in our second quarter. In our casting and extrusion segment, our top line held up fairly well. In fact, we recorded modest growth over the prior year. The extrusion market remains strong this quarter with high demand across a number of end markets. Our extrusion tooling ultimately supports a diverse range of applications, including residential and industrial building and construction, solar panels, consumer durable products and various modes of transportation. This quarter, we again demonstrated we could keep up with the sizable demand growth by utilizing equipment and labor more efficiently while leveraging the harmonized manufacturing process of our numerous group facilities. With regards to the latter, this initiative has allowed us to centralize certain processes such as programing and design and utilize our capacity on a network basis. All of this keeps our cost low, capacity high and provides us with the ability to manufacturer a quality product in a standardized manner. We are making significant strategic investments to further shrink lead times, drive down our operating costs and in-source more of our own heat-treat requirements, all while reducing our environmental footprint. The die-cast market, which is driven by automotive production, however, softened materially in the quarter as lower vehi- vehicle production was magnified by inventory de-stocking.