Acushnet Holdings Corp. (NYSE:GOLF) Q2 2023 Results Conference Call August 3, 2023 8:30 AM ET

Company Participants

Sondra Lennon - VP, IR and FP&A

David Maher - President and CEO

Sean Sullivan - CFO

Conference Call Participants

Amanda Douglas - JPMorgan

Joe Enderlin - Stephens

Casey Alexander - Compass Point

Noah Zatzkin - KeyBanc

Randy Konik - Jefferies

Ivan Feinseth - Tigress Financial Partners

George Kelly - ROTH Capital Partners

Operator

Hello, everybody, and welcome to the Acushnet Holdings Corp. Second Quarter '23 Earnings Call. My name is Sam and I'll be coordinating your call today. [Operator Instructions]

I will now hand you over to your host, Sondra Lennon, Vice President of Investor Relations and FP&A to begin. So Sondra, please go ahead.

Sondra Lennon

Good morning, everyone. Thank you for joining us today for Acushnet Holdings Corp's Second Quarter 2023 Earnings Conference Call. Joining me this morning are David Maher, our President and Chief Executive Officer; and Sean Sullivan, our Chief Financial Officer. Before I turn the call over to David, I would like to remind everyone that we will be making forward-looking statements on the call today. These forward-looking statements are based on Acushnet's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations.

For a list of factors that could cause actual results to differ, please see today's press release, the slides that accompany our presentation and our filings with the U.S. Securities and Exchange Commission. Throughout this discussion, we will make reference to non-GAAP financial metrics including items such as revenues at constant currency and adjusted EBITDA. Explanations of how and why we use these metrics and reconciliations of these items to a GAAP basis can be found in the schedules in today's press release, the slides that accompany this presentation and in our filings with the U.S. Securities and Exchange Commission.

Please also note that references throughout this presentation to year-on-year sales increases and decreases are on a constant currency basis unless otherwise stated. As we feel this measurement best provides context as to the performance and trends of our business. And when referring to year-to-date results or comparisons, we will refer to the 6-month period ended June 30, 2023, and the comparable 6-month period. With that, I'll turn the call over to David.

David Maher

Thanks, Sondra, and good morning, everyone. As always, we appreciate your interest in Acushnet Company. I will begin by thanking Tom Pacheco for his contributions over the past few years and welcoming Sean Sullivan to the Acushnet team as our new CFO. Sean has been a valued member of Acushnet's Board of Directors since 2016, having served as Audit Committee Chair and on the Nominating and Governance Committee. In addition to being an experienced CFO, he also brings a deep understanding of the company's vision and culture to his new role. Sean is a great addition to our team and I'm confident that our analysts and investors will benefit from his contributions to Acushnet and insights into our business.