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Dec 31, 2024
Amer Sports Inc Q4 2024 Earnings Report
Amer Sports Inc. reported strong fourth-quarter 2024 earnings, with revenue growing 23% and adjusted net income rising 388%.
Key Takeaways
Amer Sports Inc. delivered a robust fourth-quarter performance, exceeding expectations with revenue growth of 23% and a significant increase in adjusted net income. The company's Technical Apparel segment saw the highest growth at 33%, while Ball & Racquet Sports grew 22%. Operating profit surged 224% to $194 million, and adjusted earnings per share came in at $0.17, up 388% year-over-year.
Revenue grew 23% to $1.64 billion, driven by strong demand across all segments.
Net income increased 117% to $15 million, with adjusted net income reaching $90 million.
Operating profit rose 224% to $194 million, with an adjusted operating margin of 13.6%.
Continued strong growth in Greater China and Asia Pacific, with significant contributions from Arc'teryx and Wilson Tennis.
Amer Sports Inc
Amer Sports Inc
Amer Sports Inc Revenue by Segment
Amer Sports Inc Revenue by Geographic Location
Revenue by Segment
Technical Apparel Revenue
CapyFin.comOutdoor Performance Revenue
CapyFin.comBall & Racquet Sports Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comGreater China Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Amer Sports expects continued revenue growth of 13-15% in FY 2025 despite foreign exchange headwinds. The company anticipates margin expansion and strong performance from its high-margin Arc'teryx brand.
Positive Outlook
- Revenue growth projected at 13-15% for FY 2025.
- Gross margin expected to improve to 56.5-57.0%.
- Operating margin forecasted between 11.5-12.0%.
- Strong momentum in Arc'teryx and Salomon footwear.
- Continued expansion in direct-to-consumer and wholesale channels.
Challenges Ahead
- Foreign exchange headwinds expected to impact revenue by 250 basis points.
- Net finance cost projected to be approximately $120 million.
- Effective tax rate anticipated at 33%.
- Capital expenditures forecasted at $300 million.
- Operating margin for Ball & Racquet Sports expected to remain low at 3-4%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income