GOLF Q2 2023 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena

GOLFAcushnet Holdings Corp.

$6B

Q2 2023 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$689M+4.7% YoY

Gross Profit

$369M53.5% margin

Operating Income

$106M15.4% margin

Net Income

$75M10.8% margin

EPS (Diluted)

$1.09

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$206M

Free Cash Flow

$188M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.3B

Stockholders' Equity

$1.0B

Cash & Equivalents

$63M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$689M	$659M	+4.7%
Gross Profit	$369M	$344M	+7.3%
Operating Income	$106M	$89M	+20.3%
Net Income	$75M	$66M	+12.3%

Revenue Segments

Titleist Golf Balls

$238M34%

Titleist Golf Clubs

$188M27%

Footjoy Golf Wear

$158M23%

Titleist Golf Gear

$70M10%

Other Segments

$36M5%

Geographic Segments

UNITED STATES

$401M58%

KOREA, REPUBLIC OF

$87M13%

EMEA

$86M12%

Rest Of World

$82M12%

JAPAN

$33M5%