GOLFAcushnet Holdings Corp.

$6B

Q1 2018 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$442M+1.9% YoY

Gross Profit

$228M51.5% margin

Operating Income

$62M14.1% margin

Net Income

$41M9.4% margin

EPS (Diluted)

$0.55

QoQ Revenue Growth

+25.7%

Cash Flow

Operating Cash Flow

-$87M

Free Cash Flow

-$93M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$997M

Stockholders' Equity

$854M

Cash & Equivalents

$48M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$442M	$434M	+1.9%
Gross Profit	$228M	$226M	+0.6%
Operating Income	$62M	$64M	-3.1%
Net Income	$41M	$38M	+8.8%

Revenue Segments

Footjoy Golf Wear

$141M32%

Titleist Golf Balls

$125M28%

Titleist Golf Clubs

$117M26%

Titleist Golf Gear

$44M10%

Other Segments

$15M3%

Geographic Segments

UNITED STATES

$219M50%

EMEA

$73M17%

KOREA, REPUBLIC OF

$53M12%

JAPAN

$52M12%

Rest Of World

$45M10%

GOLF Q1 2018 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena