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Sep 30, 2020
Acushnet Q3 2020 Earnings Report
Acushnet reported strong Q3 2020 results, with net sales up 15.7% year over year and net income attributable to Acushnet Holdings Corp. up 112.1% year over year.
Key Takeaways
Acushnet Holdings Corp. reported a strong third quarter with net sales of $482.9 million, a 15.7% increase year over year. Net income attributable to Acushnet Holdings Corp. was $63.2 million, up 112.1% year over year. The company saw increased sales in Titleist golf balls, FootJoy golf wear, and Titleist golf gear, driven by a significant increase in rounds of play and related demand for golf products.
Third quarter net sales increased by 15.7% year over year, or 15.1% in constant currency.
Net income attributable to Acushnet Holdings Corp. for the third quarter increased by 112.1% year over year.
Adjusted EBITDA for the third quarter increased by 77.8% year over year.
Sales growth was primarily driven by increased sales in Titleist golf balls, FootJoy golf wear and Titleist golf gear.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Given the high degree of uncertainty related to the COVID-19 pandemic, the Company has withdrawn all previously issued fiscal 2020 guidance and the Company is not providing further guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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