GOLF Q3 2023 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena

GOLFAcushnet Holdings Corp.

$6B

Q3 2023 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$593M+6.3% YoY

Gross Profit

$309M52.0% margin

Operating Income

$79M13.2% margin

Net Income

$57M9.7% margin

EPS (Diluted)

$0.85

QoQ Revenue Growth

-13.9%

Cash Flow

Operating Cash Flow

$177M

Free Cash Flow

$162M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.2B

Stockholders' Equity

$928M

Cash & Equivalents

$57M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$593M	$558M	+6.3%
Gross Profit	$309M	$295M	+4.6%
Operating Income	$79M	$76M	+3.4%
Net Income	$57M	$52M	+10.6%

Revenue Segments

Titleist Golf Balls

$193M32%

Titleist Golf Clubs

$181M31%

Footjoy Golf Wear

$137M23%

Titleist Golf Gear

$48M8%

Other Segments

$35M6%

Geographic Segments

UNITED STATES

$352M59%

EMEA

$76M13%

KOREA, REPUBLIC OF

$66M11%

Rest Of World

$61M10%

JAPAN

$39M7%