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Dec 31, 2022
Acushnet Q4 2022 Earnings Report
Acushnet reported a net loss for Q4 2022 and increased net sales compared to the previous year.
Key Takeaways
Acushnet Holdings Corp. reported Q4 2022 financial results, with net sales up 6.4% year over year to $447.4 million. The company experienced a net loss of $0.1 million, an improvement of $26.3 million compared to 2021. Adjusted EBITDA was $25.4 million, up $30.4 million year over year. The company provided its full year 2023 Outlook, with expected net sales of $2.33 to $2.38 billion and Adjusted EBITDA of $345 to $365 million.
Net sales increased by 6.4% year over year, reaching $447.4 million.
Net loss improved by $26.3 million compared to the previous year, resulting in a loss of $0.1 million.
Adjusted EBITDA increased by $30.4 million year over year, totaling $25.4 million.
The company expects full year consolidated net sales to be approximately $2.33 to $2.38 billion and Adjusted EBITDA to be approximately $345 to $365 million for 2023.
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
The Company expects full year consolidated net sales to be approximately $2,325 to $2,375 million and Adjusted EBITDA to be approximately $345 to $365 million.
Positive Outlook
- Net sales are expected to be between $2.33 and $2.38 billion.
- Adjusted EBITDA is expected to be between $345 and $365 million.
- Consolidated net sales are expected to be in the range of up 5.0% to up 7.2% on a constant currency basis.
- New Pro V1 and Pro V1x models are the next generation of the most trusted golf balls in the game.
- TSR drivers and fairways are off to a great start in the market and Scotty Cameron Super Select putters will launch later this month
Challenges Ahead
- The outlook assumes no significant worsening of the COVID-19 pandemic.
- The outlook assumes no additional supply chain disruptions.
- The outlook assumes no changes in the impact of foreign currency.
- The company's outlook is subject to uncertainty and changes in circumstances.
- Actual results may differ materially from these expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors
Revenue & Expenses
Visualization of income flow from segment revenue to net income