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Mar 31, 2022
Acushnet Q1 2022 Earnings Report
Acushnet reported a solid first quarter with constant currency sales up 8%, driven by FootJoy and Titleist clubs.
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
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 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