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Sep 30, 2021
Acushnet Q3 2021 Earnings Report
Acushnet's third quarter performance showed sales growth compared to last year and pre-pandemic 2019 levels, despite supply chain disruptions.
Key Takeaways
Acushnet Holdings Corp. reported a strong third quarter with net sales of $521.6 million, up 8.0% year over year and 25.0% compared to 2019. Net income attributable to Acushnet Holdings Corp. was $39.3 million, down $23.9 million year over year. The company is raising its full-year 2021 guidance and expanded its share repurchase program to $200 million.
Third quarter net sales increased by 8.0% year over year, and 7.0% in constant currency.
Net income attributable to Acushnet Holdings Corp. decreased by $23.9 million year over year.
Adjusted EBITDA was down 29.1% year over year.
The company increased its share repurchase program authorization by $100.0 million in October.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company expects full-year consolidated net sales to be approximately $2,080 to $2,110 million and Adjusted EBITDA to be approximately $305 to $325 million.
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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