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Mar 31, 2021
Acushnet Q1 2021 Earnings Report
Acushnet's Q1 2021 financial results were announced, showcasing significant year-over-year growth.
Key Takeaways
Acushnet Holdings Corp. reported a strong start to 2021, with net sales up 42% year-over-year to $580.9 million and net income attributable to Acushnet Holdings Corp. increasing by 855% to $85.0 million. Adjusted EBITDA also saw substantial growth, increasing by 156% to $135.3 million.
Net sales increased by 42% year-over-year, reaching $580.9 million.
Net income attributable to Acushnet Holdings Corp. grew by 855% year-over-year, totaling $85.0 million.
Adjusted EBITDA increased by 156% year-over-year, amounting to $135.3 million.
Sales volume increases were seen across all reportable segments, driven by strong consumer demand and increased rounds of play.
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
The Company expects full-year consolidated net sales to be approximately $1,795 to $1,875 million and Adjusted EBITDA to be approximately $255 to $285 million. The Company's outlook assumes no significant worsening of the COVID-19 pandemic including incremental closures of global markets and additional supply chain disruptions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income