earnings
confidence high
sentiment positive
materiality 0.60
Acushnet Q3 net sales up 4.6% to $620.5M, Adj. EBITDA up 8.7%, narrows FY EBITDA guidance upward
Acushnet Holdings Corp.
2024-Q3 EPS reported
$3.36
revenue$2,011,922,000
- Q3 net sales $620.5M (+4.6% YoY); net income $56.2M (-1.9%); Adj. EBITDA $107.4M (+8.7%).
- YTD net sales $2,011.9M (+2.2% YoY); Adj. EBITDA $392.1M (+3.8%).
- Titleist golf clubs led with +18.2% Q3 sales from new GT drivers; FootJoy golf wear down 2.6%.
- Quarterly dividend $0.215/share payable Dec 20; Q3 share repurchases of $70M (1.08M shares at avg $64.80).
- FY 2024 sales outlook reaffirmed $2,450-2,500M; Adj. EBITDA guidance narrowed to $395-405M (previously $385-405M).