Whole Earth Brands, Inc. (NASDAQ:FREE) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET

Company Participants

Jeff Sonnek - IR, ICR

Albert Manzone - CEO

Duane Portwood - CFO

Irwin Simon - Executive Chairman

Conference Call Participants

Brian Holland - Cowen and Company

Rob Dickerson - Jefferies

Scott Mushkin - R5 Capital

Ryan Meyers - Lake Street Capital Markets

George Kelly - ROTH Capital Partners

Arthur Arnold - Odeon Capital

Operator

Good morning, and welcome to Whole Earth Brands Second Quarter 2022 Results Conference Call. [Operator Instructions]. Please note today's conference is being recorded.

At this time, I would like to turn the conference 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: Albert Manzone, Chief Executive Officer; and Duane Portwood, Chief Financial Officer. Executive Chairman, Irwin Simon, is also participating on the call today, and will be available for Q&A. 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. Statements other than statements of historical facts are considered forward-looking statements.

Statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. The 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 our Investor Relations website, investor.wholeearthbrands.com, for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures.

Additionally, we've 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 Albert Manzone, CEO.

Albert Manzone

Thank you, Jeff, and thanks to everyone for joining the call today.

I'm pleased to report the business delivered the consolidated product revenues of $133.5 million, an increase of 8.5% on that constant currency basis 5.5% on a reported basis, generated $19.7 million of adjusted EBITDA. These results were consistent with our plan, and made possible by our team hard work amid this challenging operating environment.