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Acushnet Holdings Corp. (NYSE:GOLF)
Q2 2024 Earnings Conference Call
August 6, 2024, 08:30 AM ET

Company Participants

Sondra Lennon - VP of Financial Planning Analysis and IR
David Maher - President and CEO
Sean Sullivan - CFO

Conference Call Participants

Matthew Boss - JPMorgan
Martin Mitela - Raymond James
Randy Konik - Jefferies
George Kelly - ROTH Capital Partners

Operator

Good morning, everyone, and welcome today's Acushnet Company 2Q '24 Earning Call. My name is Drew and I'll be your operator today. [Operator Instructions].

I will now turn the call over to Sondra Lennon, Vice President, Planning, Analysis and Investor Relations to begin. Please go ahead.

Sondra Lennon

Good morning everyone. Thank you for joining us today for Acushnet Holding Corp's second quarter 2024 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 the 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 US Securities and Exchange Commission. Throughout this discussion, we will make reference to non-GAAP financial metrics, including items such as net sales on a constant currency basis and adjusted EBITDA.

Explanations of how and why we use these metrics and reconciliations of these items to the most directly comparable GAAP metrics can be found in the schedule of today's press release, the slides that accompany this presentation, and in our filing with the U.S. Securities and Exchange Commission.

Please also note that references throughout this presentation to year-on-year net 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 are referring to the six-month period ended June 30, 2024, and the comparable six-month period in 2024.

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

David Maher

Thanks, Andrea and good morning, everyone.

As always, we appreciate your interest in the Acushnet Company. We continue to be enthused about the overall state of the Golf industry, and I'm especially appreciative of my teammates for their great work and commitment to excellence, which fueled the company's first-half success.