Acushnet Holdings Corp. (NYSE:GOLF) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET

Company Participants

Sondra Lennon - Vice President, Financial Planning & Analysis

David Maher - President & Chief Executive Officer

Tom Pacheco - Executive Vice President, Chief Financial Officer and Chief Accounting Officer

Conference Call Participants

Daniel Imbro - Stephens Inc.

Michael Swartz - Truist Securities

Joseph Altobello - Raymond James

George Kelly - ROTH Capital

Operator

Good morning or good afternoon and welcome to the Acushnet Company 4Q 2022 Earnings Call. My name is Adam, and I'll be your operator for today. [Operator Instructions].

I'll now hand the floor over to Sondra Lennon to begin. Sondra, please go ahead when you are ready.

Sondra Lennon

Good morning, everyone. Thank you for joining us today for Acushnet Holding Corp.'s fourth quarter and full-year 2022 earnings conference call. Joining me this morning are David Maher, our President and Chief Executive Officer; and Tom Pacheco, our Chief Financial Officer. Before turning 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 the 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 or full-year results or comparisons, we will refer to the 12-month period ended December 31, 2022, and the comparable 12-month period.

With that, I'll turn the call over to David.

David Maher

Thanks, Sondra, and good morning, everyone. Thanks for joining us on today's call. As Tom and I will outline, Acushnet wrapped up a terrific year with a strong fourth quarter, helping our brands carry nice momentum into 2023. I will begin by acknowledging and thanking the talented Acushnet team for their hard work and great results. Their creative spirit of innovation and commitment to delivering the highest quality golf products and services are creating shareholder value and powering the company's sustaining growth.