Topgolf Callaway Brands Corp. (NYSE:MODG) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET

Company Participants

Katina Metzidakis - Vice President of Investor Relations and Corporate Communications

Oliver Brewer - President and Chief Executive Officer

Brian Lynch - Executive Vice President, Chief Financial Officer and Chief Legal Officer

Conference Call Participants

Matthew Boss - JPMorgan

Randal Konik - Jefferies

Alexander Perry - Bank of America

Daniel Imbro - Stephens Inc.

Noah Zatzkin - KeyBanc Capital Markets

Martin Mitela - Raymond James

John Kernan - TD Cowen

Michael Swartz - Truist Securities

Eric Wold - B. Riley Securities

Casey Alexander - Compass Point Research & Trading

Operator

Welcome to the Topgolf Callaway Brands Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there’ll be an opportunity to ask questions. Please note this event is being recorded.

I would now like to turn the conference over to Katina Metzidakis, Vice President of Investor Relations and Corporate Communications. Please go ahead.

Katina Metzidakis

Thank you, operator, and good afternoon, everyone. Welcome to Topgolf Callaway Brands Second Quarter 2023 Earnings Conference Call. I’m Katina Metzidakis, the company’s Vice President of Investor Relations and Corporate Communications. Joining me as speakers on today’s call are Chip Brewer, our President and Chief Executive Officer; and Brian Lynch, our Chief Financial Officer and Chief Legal Officer.

Earlier today, the company issued a press release announcing its second quarter 2023 financial results. In addition, there is a presentation that accompanies today’s prepared remarks and may make it easier for you to follow the call. This earnings presentation as well as the earnings press release are both available on the company’s Investor Relations website under the Financial Results tab. Most of the financial numbers reported and discussed on today’s call are based on U.S. generally accepted accounting principles. In the instances where we report non-GAAP measures, we have reconciled the non-GAAP measures to the corresponding GAAP measures at the back of the presentation in accordance with Regulation G.

Please note that this call will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from management’s – differ materially from management’s current expectations. We encourage you to review the safe harbor statements contained in the presentation and the press release for a more complete description.

And with that, I’d now like to turn the call over to Chip Brewer.