NYSE$GOLF

Acushnet Holdings Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Acushnet reported a net sales increase, driven by growth across all segments and regions.

Acushnet Holdings Corp. reported a 14.2% increase in net sales for the fourth quarter of 2020, reaching $420.5 million. Net income attributable to Acushnet Holdings Corp. increased by 20.7% year over year to $21.6 million. Adjusted EBITDA increased by 8.1% year over year to $48.1 million.

  • Net sales increased by 14.2% year over year, or 11.9% on a constant currency basis.
  • Net income attributable to Acushnet Holdings Corp. increased by 20.7% year over year.
  • Adjusted EBITDA increased by 8.1% year over year.
  • Increased quarterly cash dividend by 6.5% to $0.165 per share.

Headline financials

Total Revenue

$420M

Previous: $368M+14.2%
EPS (adj)

$0.29

Previous: $0.24+20.8%
Adjusted EBITDA Margin

11.4%

Previous: 12.1%-5.8%
Capital Expenditures

$9.29M

Previous: $14.8M-37.2%
Free Cash Flow

$88M

Previous: $24.6M+258.4%
Net Income

$23.2M

Previous: $17.9M+29.8%
Operating Income

$27.1M

Previous: $28.6M-5.2%
Gross Profit

$220M

Previous: $187M+18.1%
Cash & Equivalents

$151M

Previous: $34.2M+343.0%
Total Assets

$1.87B

Previous: $1.82B+2.7%
Stock-Based Comp

$5.94M

Previous: $2.98M+99.0%

Revenue & EPS history

Acushnet · Revenue · Quarterly

$420M

Q4 2020+14.2%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Acushnet · $130M total across 2 segments · Q4 2020

  • FootJoy Golf Wear
    $101M+19.3%
  • Titleist Golf Equipment
    $29.2M+24.8%

Forward guidance

The full impact of the COVID-19 pandemic continues to be uncertain and Acushnet will not provide fiscal 2021 guidance at this time.

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 2020

Historical avgQ4 2020

+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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