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Mar 31, 2020
Acushnet Q1 2020 Earnings Report
Net sales and net income decreased due to the negative impact of the COVID-19 pandemic.
Key Takeaways
Acushnet Holdings Corp. reported a decrease in net sales by 5.8% year over year to $408.7 million for the first quarter of 2020. Net income attributable to Acushnet Holdings Corp. was $8.9 million, a decrease of 74.5% year over year. Adjusted EBITDA was $52.8 million, down 17.8% year over year.
Net sales decreased by 5.8% year over year, or 4.6% on a constant currency basis.
Net income attributable to Acushnet Holdings Corp. decreased by 74.5% year over year.
Adjusted EBITDA decreased by 17.8% year over year.
The COVID-19 pandemic had a material impact on the company's business, results of operations, financial position and cash flows.
Acushnet
Acushnet
Acushnet Revenue by Segment
Acushnet Revenue by Geographic Location
Revenue by Segment
Titleist golf equipment Revenue
CapyFin.comFootJoy golf wear Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEMEA Revenue
CapyFin.comJapan Revenue
CapyFin.comKorea Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Due to the high degree of uncertainty related to the COVID-19 pandemic, the company cannot reasonably estimate the impacts on its business in the future and has withdrawn all previously issued fiscal 2020 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income