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Dec 31, 2019
Acushnet Q4 2019 Earnings Report
Acushnet's Q4 2019 financial results were announced, revealing increased sales and earnings driven by successful product launches.
Key Takeaways
Acushnet Holdings Corp. reported a 7.3% increase in net sales and a 57.0% increase in net income for the fourth quarter of 2019, driven by successful product launches and growth across key segments.
Net sales for Q4 2019 increased by 7.3% year-over-year to $368.3 million.
Net income attributable to Acushnet Holdings Corp. for Q4 2019 rose by 57.0% year-over-year to $17.9 million.
Adjusted EBITDA for Q4 2019 increased by 23.3% year-over-year to $44.5 million.
The company's performance was driven by successful product launches, particularly in the Titleist golf balls segment.
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
Acushnet's 2020 outlook includes an estimated negative impact of the coronavirus of approximately $40 million in consolidated net sales and $18 million in Adjusted EBITDA and an estimated negative impact of unmitigated tariffs of approximately $5 million in Adjusted EBITDA. Consolidated net sales are expected to be approximately $1,665 to 1,705 million. Consolidated net sales on a constant currency basis are expected to be in the range of down 0.5% to up 1.9%. Adjusted EBITDA is expected to be approximately $220 to $240 million.
Positive Outlook
- Commitment to sustaining Pro V1 momentum.
- Launching new AVX, Tour Soft and Velocity models.
- Poised to launch new Vokey SM8 wedges and Cameron Special Select Putters in the first quarter.
- Launching new Titleist metals later in the year.
- Several new Titleist gear and FootJoy products and the continued growth and development of KJUS throughout 2020.
Challenges Ahead
- Estimated negative impact of the coronavirus of approximately $40 million in consolidated net sales.
- Estimated negative impact of the coronavirus of approximately $18 million in Adjusted EBITDA.
- Estimated negative impact of unmitigated tariffs of approximately $5 million in Adjusted EBITDA.
- Consolidated net sales on a constant currency basis are expected to be in the range of down 0.5% to up 1.9%.
- Adjusted EBITDA is expected to be approximately $220 to $240 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income