NYSE$GOLF
Acushnet Holdings Corp · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Acushnet's Q4 2019 financial results were announced, revealing increased sales and earnings driven by successful product launches.
Acushnet Holdings Corp. reported a 7.3% increase in net sales and a 57.0% increase in net income for the fourth quarter of 2019, driven by successful product launches and growth across key segments.
- Net sales for Q4 2019 increased by 7.3% year-over-year to $368.3 million.
- Net income attributable to Acushnet Holdings Corp. for Q4 2019 rose by 57.0% year-over-year to $17.9 million.
- Adjusted EBITDA for Q4 2019 increased by 23.3% year-over-year to $44.5 million.
- The company's performance was driven by successful product launches, particularly in the Titleist golf balls segment.
Headline financials
Revenue & EPS history
Acushnet · Revenue · Quarterly
$368M
Revenue by segment
Acushnet · $108M total across 2 segments · Q4 2019
- FootJoy Golf Wear$84.3M+6.3%78.3%
- Titleist Golf Equipment$23.4M-7.9%21.7%
Forward guidance
Acushnet's 2020 outlook includes an estimated negative impact of the coronavirus of approximately $40 million in consolidated net sales and $18 million in Adjusted EBITDA and an estimated negative impact of unmitigated tariffs of approximately $5 million in Adjusted EBITDA. Consolidated net sales are expected to be approximately $1,665 to 1,705 million. Consolidated net sales on a constant currency basis are expected to be in the range of down 0.5% to up 1.9%. Adjusted EBITDA is expected to be approximately $220 to $240 million.
Tailwinds
- Commitment to sustaining Pro V1 momentum.
- Launching new AVX, Tour Soft and Velocity models.
- Poised to launch new Vokey SM8 wedges and Cameron Special Select Putters in the first quarter.
- Launching new Titleist metals later in the year.
- Several new Titleist gear and FootJoy products and the continued growth and development of KJUS throughout 2020.
Headwinds
- Estimated negative impact of the coronavirus of approximately $40 million in consolidated net sales.
- Estimated negative impact of the coronavirus of approximately $18 million in Adjusted EBITDA.
- Estimated negative impact of unmitigated tariffs of approximately $5 million in Adjusted EBITDA.
- Consolidated net sales on a constant currency basis are expected to be in the range of down 0.5% to up 1.9%.
- Adjusted EBITDA is expected to be approximately $220 to $240 million.
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 Q4 2019
+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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