earnings
confidence high
sentiment neutral
materiality 0.70
Acushnet Q1 net sales up 4.3% to $606.1M; adjusted EBITDA down 11.3% to $120.0M
Acushnet Holdings Corp.
2022-Q1 EPS reported
$1.10
revenue$606,087,000
- Net sales $606.1M (+4.3% YoY, +7.6% constant currency); net income $81.0M (-4.7%).
- Adjusted EBITDA $120.0M (-11.3%); margin 19.8% vs 23.3% prior year.
- Segment: FootJoy golf wear +24.0%; Titleist golf gear -16.9%; Titleist balls -5.6%.
- Dividend $0.18/share payable June 17; share buyback authorization increased by $150M to $350M total.
- FY2022 outlook reaffirmed: net sales $2.175-2.225B, Adj. EBITDA $325-345M.