Whole Earth Brands, Inc. (NASDAQ:FREE) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET
Company Participants
Jeff Sonnek – Investor Relations-ICR
Irwin Simon – Executive Chairman
Michael Franklin – Chief Executive Officer
Bernardo Fiaux – Chief Financial Officer
Conference Call Participants
Bobby Burleson – Canaccord
Rob Dickerson – Jefferies
Scott Mushkin – R5 Capital
Ryan Meyers – Lake Street Capital Market
JP Wollam – ROTH Capital
Operator
Good morning and welcome to the Whole Earth Brands’ First Quarter 2023 Results Conference Call. All participants will be in the listen-only mode. After today’s presentation there will be an opportunity to ask questions. Please also note today’s event is being recorded.
At this time, I would like to turn the conference call over to Jeff Sonnek, Investor Relations at ICR. Sir, please go ahead.
Jeff Sonnek
Thank you and good morning. Today’s presentation will be hosted by Irwin Simon, the company’s Executive Chairman; Michael Franklin, the company’s Chief Executive Officer; and Bernardo Fiaux, Chief Financial Officer; Brian Litman, Chief Accounting Officer; and Andy Cherry, VP of Finance Branded CPG North America and Global FP&A are also on today’s call and will be available for Q&A.
The comments during today’s call and the accompanying presentation contain forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are considered forward-looking statements. These statements are based on management’s current expectations and beliefs as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Some of these risks and uncertainties are identified and discussed in the company’s filings with the SEC. We’ll also refer to certain non-GAAP financial measures today. Please refer to the tables included in the earnings release, which can be found on the Investor Relations website, investor.wholeearthbrands.com, for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures. Additionally, we have provided a supplemental earnings presentation on the Investor Relations website that may be useful in your analysis of the company’s performance.
With that, I’d now like to turn the call over to Mr. Simon. Go ahead, Irwin.
Irwin Simon
Thank you, Jeff, and thank you all for joining our call today. We had an exciting inflection point in our business and I, alongside the board of directors, feel incredibly confident about the future of our business. Significant changes have been made in our organization and it is clear as highlighted in our Q1 results, we’re gaining momentum in our relentless focus on profitability. Michael has done an excellent job in his first four months and we’re thrilled to announce that Michael has now officially agreed to join the company full-time and remove his interim tag. Our confidence in Michael’s leadership is evident and the changes he is making we fully support. I’m looking forward to his leadership during our next chapter of growth.