GOLF Q1 2023 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena

GOLFAcushnet Holdings Corp.

$6B

Q1 2023 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$686M+13.2% YoY

Gross Profit

$366M53.3% margin

Operating Income

$125M18.2% margin

Net Income

$93M13.6% margin

EPS (Diluted)

$1.36

QoQ Revenue Growth

+53.4%

Cash Flow

Operating Cash Flow

-$86M

Free Cash Flow

-$120M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$1.4B

Stockholders' Equity

$987M

Cash & Equivalents

$57M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$686M	$606M	+13.2%
Gross Profit	$366M	$317M	+15.4%
Operating Income	$125M	$105M	+18.5%
Net Income	$93M	$81M	+15.1%

Revenue Segments

Footjoy Golf Wear

$205M30%

Titleist Golf Balls

$192M28%

Titleist Golf Clubs

$181M26%

Titleist Golf Gear

$67M10%

Other Segments

$41M6%

Geographic Segments

UNITED STATES

$370M54%

EMEA

$105M15%

KOREA, REPUBLIC OF

$89M13%

Rest Of World

$76M11%

JAPAN

$46M7%