Callaway Golf Company (ELY) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET

Company Representatives

Chip Brewer - President, Chief Executive Officer

Brian Lynch - Chief Financial Officer

Patrick Burke - SVP of Global Finance

Jennifer Thomas - Chief Accounting Officer

Lauren Scott - Director of Investor Relations

Conference Call Participants

Randy Konik - Jefferies

Daniel Imbro - Stephens

Kevin Heenan - JP Morgan

Michael Swartz - Truist

Susan Anderson - B. Riley

Rudy Yang - Berenberg

Krista Zuber - Cowen

Joe Altobello - Raymond James

Casey Alexander - Compass Point

Operator

Good day! And thank you for standing by. Welcome to the Callaway Golf Company Q1, 2022 Earnings Call. At this time all participants are in a listen-only mode. After the speakers presentation there will be a question-and-answer session [Operator Instructions].

I would now like to turn the conference over to your speaker for today, Lauren Scott, Director of Investor Relations. Thank you. Please go ahead.

Lauren Scott

Thank you, Ashley, and good afternoon everyone. Welcome to Callaway’s first quarter 2022 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 CEO and Brian Lynch, our Chief Financial Officer. Patrick Burke, Callaway’s SVP of Global Finance, and Jennifer Thomas, our Chief Accounting Officer are also in the room today for Q&A.

Earlier today the company issued a press release announcing its first quarter 2022 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.