earnings
confidence high
sentiment neutral
materiality 0.75
Acushnet Q3 net sales up 8% to $521.6M; net income down 37.8% YoY; raises FY2021 guidance
Acushnet Holdings Corp.
2021-Q3 EPS reported
$2.73
revenue$1,727,364,000
- Q3 net sales $521.6M (+8.0% YoY, +25% vs 2019); net income $39.3M (-$23.9M YoY).
- Q3 Adjusted EBITDA $70.3M (-29.1% YoY); margin 13.5% vs 20.5% prior year.
- YTD net sales $1,727.4M (+45% YoY); YTD net income $205.3M (+175.9% YoY).
- Board increased share repurchase authorization by $100M to $200M total.
- FY2021 outlook: net sales $2,080-$2,110M, Adj EBITDA $305-$325M; supply chain disruptions cited.