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Sep 30, 2023
Acushnet Q3 2023 Earnings Report
Acushnet reported a strong third quarter with increased revenue and adjusted EBITDA.
Key Takeaways
Acushnet Holdings Corp. reported a 6.3% increase in net sales to $593.4 million and a 14.2% increase in Adjusted EBITDA to $98.8 million for the third quarter of 2023. The company reaffirmed its full-year revenue outlook and narrowed its Adjusted EBITDA outlook toward the high end.
Net sales increased by 6.3% year over year, reaching $593.4 million.
Net income attributable to Acushnet Holdings Corp. rose by 10.6% year over year, totaling $57.3 million.
Adjusted EBITDA increased by 14.2% year over year, amounting to $98.8 million.
The company reaffirmed its full-year revenue outlook and narrowed its Adjusted EBITDA outlook.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is reaffirming its full-year 2023 net sales guidance range of $2,350 to $2,400 million and now expects full-year 2023 Adjusted EBITDA to be approximately $365 to $375 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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