GOLF Q2 2022 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena

GOLFAcushnet Holdings Corp.

$6B

Q2 2022 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$659M+5.4% YoY

Gross Profit

$344M52.2% margin

Operating Income

$89M13.4% margin

Net Income

$66M10.1% margin

EPS (Diluted)

$0.91

QoQ Revenue Growth

+8.7%

Cash Flow

Operating Cash Flow

$73M

Free Cash Flow

$65M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$986M

Stockholders' Equity

$1.1B

Cash & Equivalents

$109M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$659M	$625M	+5.4%
Gross Profit	$344M	$334M	+2.7%
Operating Income	$89M	$109M	-18.9%
Net Income	$66M	$81M	-18.0%

Revenue Segments

Titleist Golf Balls

$201M31%

Footjoy Golf Wear

$178M27%

Titleist Golf Clubs

$164M25%

Titleist Golf Gear

$69M10%

Other Segments

$46M7%

Geographic Segments

UNITED STATES

$351M53%

KOREA, REPUBLIC OF

$98M15%

EMEA

$92M14%

Rest Of World

$78M12%

JAPAN

$38M6%