GOLF Q4 2023 Earnings — Acushnet Holdings Corp. Revenue & Financial Results | Market Cap Arena

GOLFAcushnet Holdings Corp.

$6B

Q4 2023 Earnings

Consumer Cyclical Leisure

Income Statement

Revenue

$413M-7.7% YoY

Gross Profit

$210M50.8% margin

Operating Income

-$25M-6.0% margin

Net Income

-$27M-6.5% margin

EPS (Diluted)

$-0.41

QoQ Revenue Growth

-30.4%

Cash Flow

Operating Cash Flow

$75M

Free Cash Flow

$42M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.3B

Stockholders' Equity

$864M

Cash & Equivalents

$65M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$413M	$447M	-7.7%
Gross Profit	$210M	$224M	-6.2%
Operating Income	-$25M	$12M	-312.8%
Net Income	-$27M	-$58,000	-46120.7%

Revenue Segments

Titleist Golf Balls

$140M34%

Titleist Golf Clubs

$109M26%

Footjoy Golf Wear

$96M23%

Other Segments

$37M9%

Titleist Golf Gear

$32M8%

Geographic Segments

UNITED STATES

$226M55%

KOREA, REPUBLIC OF

$61M15%

EMEA

$48M12%

Rest Of World

$47M11%

JAPAN

$31M8%