Topgolf Callaway Brands Corp. (NYSE:MODG) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET

Company Participants

Lauren Scott - Director of Investor Relations

Oliver Brewer - President and Chief Executive Officer

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

Conference Call Participants

Daniel Imbro - Stephens Inc.

Randal Konik - Jefferies LLC

Alexander Perry - Bank of America Merrill Lynch

Michael Swartz - Truist Securities

Joseph Altobello - Raymond James & Associates, Inc.

George Kelly - ROTH MKM

Eric Wold - B. Riley Securities

Noah Zatzkin - KeyBanc Capital Markets Inc.

John Kernan - TD Cowen

Casey Alexander - Compass Point Research & Trading, LLC

Operator

Good day, and welcome to the Topgolf Callaway Brands First Quarter 2023. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Lauren Scott, Director of Investor Relations. Please go ahead.

Lauren Scott

Thank you, Dave, and good afternoon, everyone. Welcome to Topgolf Callaway Brands First Quarter 2023 Earnings Conference Call. I'm Lauren Scott, the Company's Director of Investor Relations. 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 first 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 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 would now like to turn the call over to Chip Brewer.