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Acushnet Holdings (GOLF)
NYSE:GOLF
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.32Last Year’s EPS
-$0.41Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 9.70%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted solid performance in net sales and EBITDA growth, driven by strong results in the Titleist Golf Clubs segment and the U.S. market. However, challenges remain with the FootJoy segment and in the EMEA region. Overall, the company is managing inventory well and continues to return capital to shareholders, indicating a generally positive outlook.Company Guidance
During the third quarter of 2024, Acushnet Company reported net sales of $621 million, reflecting a 5% year-over-year increase. This growth contributed to an adjusted EBITDA of $107 million, up 9% from the same quarter in 2023. Year-to-date, net sales exceeded $2 billion, showing a 3% increase, while adjusted EBITDA rose by 4% to $392 million. Titleist Golf Clubs saw a robust 19% increase in net sales during the quarter, while net sales for Titleist Golf Balls declined by 1% due to inventory adjustments ahead of a new product launch. FootJoy revenues decreased by 2% in Q3, attributed to lower sales volumes in footwear and apparel. The strong U.S. market supported these results, with Q3 net sales up 6% and year-to-date sales up 7%. Globally, rounds of play were mixed, with the U.S. up 2% year-to-date, while outside the U.S., rounds were slightly down by 2%, reflecting varied participation trends across regions. Looking forward, the company expects adjusted EBITDA for the full year to be in the range of $395 million to $405 million and anticipates year-end inventories to rise in preparation for upcoming product launches.Net Sales and EBITDA Growth
Acushnet delivered net sales of $621 million in Q3, a 5% year-over-year increase, contributing to an adjusted EBITDA of $107 million, up 9% from Q3 2023.
Titleist Golf Clubs Performance
Titleist Golf Clubs posted a 19% increase in Q3, driven by the successful launch of GT drivers and Fairway Metals. Year-to-date, Golf Clubs were up 9% with growth in all regions.
Strong U.S. Market
U.S. market net sales increased 6% in Q3 and 7% year-to-date, with growth from all segments and U.S. rounds of play up 2% year-to-date.
Improved Inventory Position
Inventory position improved with a 19% reduction compared to year-end 2023. The company is comfortable with current inventory levels given demand.
Shareholder Returns
Through September, Acushnet returned $184 million to shareholders, including $143 million in share repurchases and $41 million in cash dividends.
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GOLF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GOLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $63.13 | $70.80 | +12.15% |
| Aug 06, 2024 | $66.73 | $66.67 | -0.09% |
| May 07, 2024 | $62.57 | $64.83 | +3.61% |
| Feb 29, 2024 | $68.28 | $63.60 | -6.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Acushnet Holdings (GOLF) report earnings?
Acushnet Holdings (GOLF) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Acushnet Holdings (GOLF) earnings time?
Acushnet Holdings (GOLF) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GOLF EPS forecast?
GOLF EPS forecast for the fiscal quarter 2024 (Q4) is -$0.32.
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