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Sep 30, 2022
Acushnet Q3 2022 Earnings Report
Acushnet reported strong third quarter results with sales up 7.0% year over year and net income attributable to Acushnet Holdings Corp. up 31.8% year over year.
Key Takeaways
Acushnet Holdings Corp. announced strong third quarter results with net sales of $558.2 million, up 7.0% year over year, and net income attributable to Acushnet Holdings Corp. of $51.8 million, up 31.8% year over year. Adjusted EBITDA was $86.5 million, up 23.0% year over year.
Third quarter net sales of $558.2 million, up 7.0% year over year, up 13.5% in constant currency.
Year-to-date net sales of $1,822.9 million, up 5.5% year over year, up 10.5% in constant currency.
Third quarter net income attributable to Acushnet Holdings Corp. of $51.8 million, up 31.8% year over year.
Third quarter Adjusted EBITDA of $86.5 million, up 23.0% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company has narrowed the ranges of its full-year 2022 Outlook. The Company now expects full-year consolidated net sales to be approximately $2,225 to $2,250 million, compared to its previous range of $2,200 to $2,250 million. The Company now expects full-year 2022 Adjusted EBITDA to be approximately $325 to $335 million, compared to $325 to $345 million.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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