Acushnet Q1 2022 Earnings Report
Key Takeaways
Acushnet Holdings Corp. reported first quarter net sales of $606.1 million, a 4.3% increase year over year, with net income of $81.0 million and Adjusted EBITDA of $120.0 million.
Net sales increased by 4.3% year over year, or 7.6% on a constant currency basis.
Net income attributable to Acushnet Holdings Corp. decreased by 4.7% year over year to $81.0 million.
Adjusted EBITDA decreased by 11.3% year over year to $120.0 million.
The company increased its share repurchase program authorization by $150.0 million in April.
Acushnet
Acushnet
Acushnet Revenue by Segment
Acushnet Revenue by Geographic Location
Forward Guidance
The Company affirms its full year outlook and expects full-year consolidated net sales to be approximately $2,175 to $2,225 million and Adjusted EBITDA to be approximately $325 to $345 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income