GOLF Q3 2022 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena

GOLFAcushnet Holdings Corp.

$6B

Q3 2022 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$558M+7.0% YoY

Gross Profit

$295M52.8% margin

Operating Income

$76M13.6% margin

Net Income

$52M9.3% margin

EPS (Diluted)

$0.72

QoQ Revenue Growth

-15.2%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

$18M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.1B

Stockholders' Equity

$1.0B

Cash & Equivalents

$108M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$558M	$522M	+7.0%
Gross Profit	$295M	$269M	+9.7%
Operating Income	$76M	$52M	+44.8%
Net Income	$52M	$39M	+32.0%

Revenue Segments

Titleist Golf Balls

$181M32%

Titleist Golf Clubs

$154M28%

Footjoy Golf Wear

$132M24%

Titleist Golf Gear

$59M11%

Other Segments

$32M6%

Geographic Segments

UNITED STATES

$328M59%

EMEA

$71M13%

KOREA, REPUBLIC OF

$70M13%

Rest Of World

$56M10%

JAPAN

$34M6%