Topgolf Callaway Brands Corp. (NYSE:MODG) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET

Company Participants

Katina Metzidakis - VP, IR & Corporate Communications
Chip Brewer - President & CEO
Brian Lynch - CFO & CLO

Conference Call Participants

Matt Boss - JPMorgan
Alex Perry - Bank of America
Megan Alexander - Morgan Stanley
Kate McShane - Goldman Sachs
Joe Altobello - Raymond James
Casey Alexander - Compass Point Research
Noah Zatzkin - KeyBanc Capital Markets

Operator

Good day and welcome to Topgolf Callaway Brands' First Quarter of 2024 Earnings Conference Call. Please note that today's event is being recorded and all participants will be in a listen-only mode during the call. [Operator instructions]

And with that, I would like to now turn the call over to Katina Metzidakis, Vice President of Investor Relations and Corporate Communications. Please go ahead.

Katina Metzidakis

Thank you, operator and good afternoon, everyone. Welcome to Topgolf Callaway Brands' first quarter earnings conference call. I'm Katina Metzidakis, the company's Vice President of Investor Relations and Corporate Communications. Joining me speakers on today's call are Chip Brewer, our President and Chief Executive Officer, and Brian Lynch, our Chief Financial Officer and Chief Legal Officer.

Earlier today, the company issued a press release announcing its first quarter financial results. We have also published an updated presentation. Our earnings presentation as well as the earnings press release are both available on the company's Investor Relations website under the Financial Results tab. Most of the financial numbers reported and discussed on today's call are based on US Generally Accepted Accounting Principles. In the instances where we report non-GAAP measures, we identify the non-GAAP measures in the presentation and reconcile the measures to the corresponding GAAP measures in accordance with Regulation G. Please note that this call will include forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from management's current expectations. We encourage you to review the safe harbor statements contained in the presentation and the press release for a more complete description.

And with that, I would now like to turn the call over to Mr. Chip Brewer.

Chip Brewer

Thank you, Katina and good afternoon, everyone. We appreciate everyone joining our call. I'm pleased to report strong Q1 results, continued brand strength across our portfolio and improving operating efficiencies that are driving high confidence in a full year EBITDA forecast and higher estimates for both EPS and cash flow.