NYSE$GOLF
Acushnet Holdings Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Acushnet reported first quarter results with net sales up 13.2% year over year and net income attributable to Acushnet Holdings Corp. up 15.2% year over year.
Acushnet Holdings Corp. reported a strong first quarter with net sales of $686.3 million, a 13.2% increase year-over-year, and net income attributable to Acushnet Holdings Corp. of $93.3 million, a 15.2% increase year-over-year. Adjusted EBITDA was $146.8 million, up 22.3% year over year.
- Net sales increased by 13.2% year over year, or 17.2% on a constant currency basis.
- Net income attributable to Acushnet Holdings Corp. increased 15.2% year over year.
- Adjusted EBITDA increased by 22.3% year over year.
- The company affirms its full year outlook and expects full year consolidated net sales to be approximately $2,325 to $2,375 million and Adjusted EBITDA to be approximately $345 to $365 million.
Headline financials
Revenue & EPS history
Acushnet · Revenue · Quarterly
$686M
Revenue by segment
Acushnet · $272M total across 2 segments · Q1 2023
- FootJoy Golf Wear$205M+3.9%75.4%
- Titleist Golf Equipment$67M+51.9%24.6%
Forward guidance
The Company affirms its full year outlook and expects full year consolidated net sales to be approximately $2,325 to $2,375 million and Adjusted EBITDA to be approximately $345 to $365 million. On a constant currency basis, consolidated net sales are expected to be in the range of up 5.0% to up 7.2%.
Tailwinds
- Expects full year consolidated net sales to be approximately $2,325 to $2,375 million.
- Expects Adjusted EBITDA to be approximately $345 to $365 million.
- On a constant currency basis, consolidated net sales are expected to be in the range of up 5.0% to up 7.2%.
- The Company's outlook assumes no additional supply chain disruptions
- The Company's outlook assumes no changes in the impact of foreign currency.
Headwinds
- A reduction in the number of rounds of golf played or in the number of golf participants
- Unfavorable weather conditions may impact the number of playable days and rounds played in a given year
- Consumer spending habits and macroeconomic factors may affect the number of rounds of golf played and related spending on golf products
- Demographic factors may affect the number of golf participants and related spending on our products
- Changes to the Rules of Golf with respect to equipment
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 2023
+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
| Quarter | Report date | Reaction (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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