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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.
Revenue by Segment
Revenue by Geographic Location
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to the COVID-19 pandemic, the company cannot reasonably estimate the impacts on its business in the future and has withdrawn all previously issued fiscal 2020 guidance.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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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