Acushnet FY2022 net sales $2.27B (+5.7% YoY); Q4 net loss narrows; dividend raised to $0.195; $250M buyback authorized

Acushnet Holdings Corp.

2022-FY EPS reported $2.75 revenue$2,270,336,000

Full year net sales $2.27B (+5.7% YoY, +11.2% constant currency); net income $199.3M (+11.4% YoY); Adjusted EBITDA $338.4M (+3.1% YoY).
Q4 net sales $447.4M (+6.4% YoY, +14.3% constant currency); net loss improved to $0.1M from $26.4M loss; Adjusted EBITDA $25.4M vs -$5.0M.
Board declared increased quarterly cash dividend of $0.195/share, payable March 24, 2023 to holders of record March 10, 2023.
Board authorized additional $250M share repurchase, bringing total authorization to $700M since 2018; repurchased 1.13M shares in Q4 for $51M.
FY2023 outlook: net sales $2.325-2.375B, Adjusted EBITDA $345-365M, constant currency sales growth 5.0-7.2%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Acushnet Holdings Corp. reported the fourth quarter ended December 31, 2022 results: revenue $447.4 million, net income $0.1 million net loss.

Period: the fourth quarter ended December 31, 2022
Revenue: $447.4 million
Net income: $0.1 million net loss
Result: reported results

Exact text from the filing

Fourth quarter net sales of $447.4 million, up 6.4% year over year, up 14.3% in constant currency • Fourth quarter net loss attributable to Acushnet Holdings Corp. of $0.1 million improved by $26.3 million compared to 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Acushnet Holdings Corp. reported the full year ended December 31, 2022 results: revenue $2,270.3 million, net income $199.3 million.

Period: the full year ended December 31, 2022
Revenue: $2,270.3 million
Net income: $199.3 million
Result: reported results

Exact text from the filing

Full year net sales of $2.27 billion, up 5.7% year over year, up 11.2% in constant currency • Full year net income attributable to Acushnet Holdings Corp. of $199.3 million, up $20.4 million year over year

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Acushnet Holdings Corp. reported the full year 2023 results: revenue $2.33 to $2.38 billion. Guidance initiated.

Period: the full year 2023
Revenue: $2.33 to $2.38 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company provided its full year 2023 Outlook, with expected net sales of $2.33 to $2.38 billion and Adjusted EBITDA of $345 to $365 million

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Acushnet Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001672013-23-000006

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