Acushnet Holdings Corp. reported a 14.2% increase in net sales for the fourth quarter of 2020, reaching $420.5 million. Net income attributable to Acushnet Holdings Corp. increased by 20.7% year over year to $21.6 million. Adjusted EBITDA increased by 8.1% year over year to $48.1 million.
Net sales increased by 14.2% year over year, or 11.9% on a constant currency basis.
Net income attributable to Acushnet Holdings Corp. increased by 20.7% year over year.
Adjusted EBITDA increased by 8.1% year over year.
Increased quarterly cash dividend by 6.5% to $0.165 per share.
The full impact of the COVID-19 pandemic continues to be uncertain and Acushnet will not provide fiscal 2021 guidance at this time.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance