Acushnet Holdings Corp. (NYSE:GOLF) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET

Company Participants

Sondra Lennon - Vice President of Financial Planning and Analysis and Investor Relations

David Maher - President and Chief Executive Officer

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

Conference Call Participants

Daniel Imbro - Stephens Inc.

Casey Alexander - Compass Point Research & Trading, LLC

George Kelly - ROTH Capital Partners, LLC

Mike Swartz - Truist

Joe Altobello - Raymond James

Randy Konik - Jefferies

Operator

Sondra Lennon

Good morning everyone. Thank you for joining us today for Acushnet Holdings Corp. Third Quarter 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 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 those 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 nine-month period ended September 30, 2022, and the comparable nine-month period.

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

David Maher

Thanks, Sondra, and good morning, everyone. As we will share this morning the company's third quarter performance reflects the great strength and momentum of our products and brands, ongoing expansion of Acushnet's supply chain capabilities and the resilience both in terms of participation and purchasing of golfers in all major markets. And I must note, these results also point to the continued good work and dedication of a Acushnet's talented associates.