NYSE$GOLF

Acushnet Holdings Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Acushnet's Q1 2021 financial results were announced, showcasing significant year-over-year growth.

Acushnet Holdings Corp. reported a strong start to 2021, with net sales up 42% year-over-year to $580.9 million and net income attributable to Acushnet Holdings Corp. increasing by 855% to $85.0 million. Adjusted EBITDA also saw substantial growth, increasing by 156% to $135.3 million.

  • Net sales increased by 42% year-over-year, reaching $580.9 million.
  • Net income attributable to Acushnet Holdings Corp. grew by 855% year-over-year, totaling $85.0 million.
  • Adjusted EBITDA increased by 156% year-over-year, amounting to $135.3 million.
  • Sales volume increases were seen across all reportable segments, driven by strong consumer demand and increased rounds of play.

Headline financials

Total Revenue

$581M

Previous: $409M+42.1%
EPS (adj)

$1.13

Previous: $0.12+841.7%
Adjusted EBITDA Margin

23.3%

Previous: 12.9%+80.6%
Capital Expenditures

-$6.41M

Previous: -$5.74M-11.7%
Free Cash Flow

$78.5M

Previous: $3.14M+2404.7%
Net Income

$85M

Previous: $8.88M+857.1%
Operating Income

$120M

Previous: $21.4M+460.3%
Gross Profit

$311M

Previous: $201M+54.6%
Cash & Equivalents

$113M

Previous: $55.9M+102.1%
Total Assets

$1.97B

Previous: $1.89B+4.3%
Stock-Based Comp

$5.53M

Previous: $2.19M+153.0%

Revenue & EPS history

Acushnet · Revenue · Quarterly

$581M

Q1 2021+42.1%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Acushnet · $213M total across 2 segments · Q1 2021

  • FootJoy Golf Wear
    $159M+22.2%
  • Titleist Golf Equipment
    $53.1M+22.1%

Forward guidance

The Company expects full-year consolidated net sales to be approximately $1,795 to $1,875 million and Adjusted EBITDA to be approximately $255 to $285 million. The Company's outlook assumes no significant worsening of the COVID-19 pandemic including incremental closures of global markets and additional supply chain disruptions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.8%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.1%

Avg return

30 days after

56%

25 / 45 earnings

Positive

+20.4%

Q1 2021

Best reaction

-11.5%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.4%-6.7%-4.0%
Q4 2025+3.5%-0.1%-7.4%
Q3 2025+3.9%+7.1%+11.0%
Q1 2025+5.1%+9.4%+9.4%
Q4 2024-1.9%-2.0%+1.8%
Q3 2024+14.6%+11.1%+17.2%
Q2 2024+1.7%+0.4%-0.6%
Q1 2024-0.2%+1.3%+4.0%
Q4 2023-5.3%-6.6%-4.6%
Q3 2023+10.0%+14.0%+16.2%
Q2 2023-1.1%-2.5%-0.4%
Q1 2023+5.1%+1.7%-6.5%
Q4 2022+10.1%+7.1%+5.6%
Q3 2022-0.7%-2.6%+5.1%
Q2 2022+2.9%-0.2%-2.2%
Q1 2022-6.4%-6.5%-1.8%
Q4 2021+3.6%-1.5%-8.1%
Q3 2021+5.0%+2.9%-2.1%
Q2 2021+2.0%+0.7%-6.7%
Q1 2021+20.4%+18.7%+20.1%
Q4 2020-4.0%-6.6%-4.0%
Q3 2020+1.9%+2.4%+8.3%
Q2 2020-11.5%-12.1%-12.0%
Q1 2020+3.3%+1.1%+30.8%
Q4 2019-5.4%-1.4%-5.1%
Q3 2019+3.3%+3.0%+5.4%
Q2 2019-0.0%+0.5%+4.9%
Q1 2019-3.7%-5.8%-3.2%
Q4 2018+1.6%-2.4%-7.1%
Q3 2018+1.8%+5.6%-6.5%
Q2 2018+9.0%+8.6%+12.2%
Q1 2018-8.6%-4.5%+0.5%
Q4 2017+2.1%+3.3%+7.8%
Q3 2017+4.1%-2.9%+11.3%
Q2 2016-6.4%-5.2%-3.3%
Q2 2017-6.4%-5.2%-3.3%
Q1 2017-1.1%-4.7%-3.1%
Q1 2016-1.1%-4.7%-3.1%
Q1 2015-0.3%-1.6%+5.4%
Q4 2014-0.3%-1.6%+5.4%
Q2 2015-0.3%-1.6%+5.4%
Q4 2016+0.2%-1.9%+1.9%
Q3 2016+12.5%+12.2%-0.1%
Q4 2015+12.5%+12.2%-0.1%
Q3 2015+12.5%+12.2%-0.1%

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