earnings
confidence high
sentiment positive
materiality 0.85
Acushnet posts FY2024 net sales up 3.2%, Adj EBITDA up 7.5%; raises dividend 9.3% to $0.235; guides FY2025
Acushnet Holdings Corp.
2024-FY EPS reported
$3.37
revenue$2,457,091,000
- Full year net sales $2,457M (+3.2% YoY); gross margin 48.3% (+130bps); net income $214.3M (+$15.9M).
- Full year Adjusted EBITDA $404.4M (+7.5% YoY); margin 16.5% vs 15.8%.
- Q4 net sales $445.2M (+7.8%); net loss improved to ($1.1M) from ($26.8M); Adj EBITDA $12.4M vs ($1.5M).
- Quarterly dividend increased 9.3% to $0.235/share; payable March 21, 2025 to holders of record March 7.
- Board authorized additional $250M share repurchase (total $1.25B since program start); Q4 bought 442,867 shares at avg $67.69.