Acushnet Holdings ( (GOLF) ) has released its Q4 earnings. Here is a breakdown of the information Acushnet Holdings presented to its investors.
Acushnet Holdings Corp., a leader in the golf industry, specializes in the design, development, manufacture, and distribution of high-performance golf products, including the renowned Titleist and FootJoy brands. The company reported a successful 2024 with net sales reaching $2.46 billion, marking a 3.2% increase from the previous year, and a gross margin improvement to 48.3%. The full year net income rose to $214.3 million, an increase of $15.9 million year over year, while the adjusted EBITDA grew by 7.5% to $404.4 million. In the fourth quarter, Acushnet saw a 7.8% rise in net sales, although it reported a net loss of $1.1 million, a significant improvement from the previous year’s loss. The company also announced a 9.3% increase in its quarterly cash dividend to $0.235 per share and authorized a new share repurchase program. Looking ahead to 2025, Acushnet anticipates net sales between $2,485 and $2,535 million and adjusted EBITDA of $405 to $420 million, with plans to launch new products and celebrate the 25th anniversary of the Pro V1 golf ball series.