GOLF Q1 2024 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena

GOLFAcushnet Holdings Corp.

$6B

Q1 2024 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$708M+3.1% YoY

Gross Profit

$342M48.4% margin

Operating Income

$121M17.2% margin

Net Income

$88M12.4% margin

EPS (Diluted)

$1.35

QoQ Revenue Growth

+71.3%

Cash Flow

Operating Cash Flow

-$110M

Free Cash Flow

-$117M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.4B

Stockholders' Equity

$884M

Cash & Equivalents

$49M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$708M	$686M	+3.1%
Gross Profit	$342M	$366M	-6.4%
Operating Income	$121M	$125M	-2.8%
Net Income	$88M	$93M	-5.9%

Revenue Segments

Titleist Golf Balls

$208M29%

Titleist Golf Clubs

$204M29%

Footjoy Golf Wear

$192M27%

Titleist Golf Gear

$68M10%

Other Segments

$35M5%

Geographic Segments

UNITED STATES

$418M59%

EMEA

$102M14%

KOREA, REPUBLIC OF

$75M11%

Rest Of World

$75M11%

JAPAN

$37M5%