Good day everyone and welcome to the Fresh Del Monte Produce Fourth Quarter and Full Fiscal Year 2021 Conference Call. Today's conference call is being broadcast live over the internet and is also being recorded for playback purposes. All lines have been placed on mute to prevent any background noise. After the speaker remarks there will be a question-and-answer session. For opening remarks and introductions, I'd like to turn today's call over to Vice President of Global FP&A and Investor Relations with Fresh Del Monte Produce, Ana Miranda. Please go ahead, Ms. Miranda.

Thank you, Chantal. Good morning, everyone. Thank you for joining our fourth quarter and full fiscal year 2021 conference call. As Chantel on tell mentioned I am Ana Miranda, Vice President Global FP&A, and investor relations with Fresh Del Monte Produce. Joining me in today's discussions are Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer and Eduardo , Senior Vice President and Chief Financial Officer. I hope you've had a chance to review the press release that was issued earlier this morning via Business Wire. You may also visit the company's website @ freshdelmonte.com for a copy of today's release and investor relations presentation. On the site you can also register for future distributions. This conference call is being webcast live on our website and will be available for replay after this call. Please note that our press release and our call today include non-GAAP measures. Reconciliations of these non-GAAP financial measures are set forth in the press release we issued today and on the company's website at freshdelmonte.com under the Investor Relations tab. I will like to remind you, that much of the information we'll be seeking to today, including the answers we give in response to your questions, may include forward-looking statements within the provisions of the Federal Securities Safe Harbor laws. In today's press release and in our SEC filing, we detailed material risks that may cause our future results to differ from these forward-looking statements. Our statements are as of today, February 23, and we have no obligation to update any forward-looking statements we may make. With that, I'm pleased to turn today's call over to Mohammad. Mohammad Abu-Ghazaleh: Thank you, Anna. Good morning, everyone. In 2021, we posted double-digit operating income growth compared with 2020. We are most derated agility and industry leadership in navigating the…

Thank you, Mohammad and good morning. I will start with our fourth quarter performance by product lines, followed by consolidated overview of our full fiscal year 2021. Net sales for the fourth quarter of 2021 increased $50 million or 2%, compared with the prior-year period. The increase was driven by higher net sales in our other products and service segment, which includes third-party freight services, and those are in meats categories. And our Fresh and value-added product segment. As it relates to comparability between periods, the fourth-quarter of 2021 consisted of 13 weeks compared with 14 weeks in the fourth quarter of 2020. The additional week in the fourth quarter of 2020 contributed an estimated $72 million in net sales. On a comparable basis, net sales increased $87 million or 9% Adjusted Gross Profit for the fourth quarter of 2021 was almost $40 million compared with $49 million in the previous year. The decrease was primarily driven by the continuation of inflectionary and other cost pressures which resulted in higher per unit production and distribution costs, including packaging materials, fertilizers, inland ferries, labor, and field. The decrease was partially offset by an inflation justified price increase effective towards the latter part of the fourth quarter. The increase was implemented in an effort to maintain our continuous supply and service levels with our business partners. Having said that during the fourth quarter, we have realized sequential improvements in gross profit, specifically in December. And in addition to pricing gross profit benefited from fluctuations in exchange rates. Adjusted operating income for the fourth quarter was a loss of $7 million compared with a loss of $4.5 million in the prior-year period, primarily related to lower adjusted gross profit, partially offset by a decrease in selling general and administrative expenses. And adjusted net…

At this time, I'd like to remind everyone in order to ask a question. , we'll pause for just a moment to compile the Q and A roster. Again, At this time. I'll turn the call back over to you.

Thank you very much. I appreciate the attendance of our investors and others on the call and look forward to speak to you on our next quarterly call. Thank you very much. Have a good day.

This concludes today's conference call; you may now disconnect.