NYSE$GOLF
Acushnet Holdings Corp · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Acushnet reported flat net sales and a net loss due to decreased income from operations and increased operating expenses.
Acushnet Holdings Corp. reported full year net sales up 33.2% and fourth quarter net sales flat year over year. The company's fourth quarter net loss was $26.4 million, down 222.2% year over year, and Adjusted EBITDA loss of $5.0 million, down 110.4% year over year.
- Full year net sales increased by 33.2%, or 30.6% on a constant currency basis.
- Fourth quarter net sales were unchanged on a percentage basis, increasing 1.4% on a constant currency basis.
- Net income attributable to Acushnet decreased $48.0 million to a net loss of $26.4 million.
- The company expects full-year consolidated net sales to be approximately $2,175 to $2,225 million and Adjusted EBITDA to be approximately $325 to $345 million for 2022.
Headline financials
Revenue & EPS history
Acushnet · Revenue · Quarterly
$421M
Revenue by segment
Acushnet · $147M total across 2 segments · Q4 2021
- FootJoy Golf Wear$119M+17.9%81.0%
- Titleist Golf Equipment$27.9M-4.5%19.0%
Forward guidance
The Company expects full-year consolidated net sales to be approximately $2,175 to $2,225 million and Adjusted EBITDA to be approximately $325 to $345 million.
Tailwinds
- Full-year consolidated net sales are expected to be approximately $2,175 to $2,225 million.
- Adjusted EBITDA is expected to be approximately $325 to $345 million.
- On a constant currency basis, consolidated net sales are expected to be in the range of up 2.7% to up 5.0%.
- The Company's outlook assumes no significant worsening of the COVID-19 pandemic.
- The Company's outlook assumes no additional supply chain disruptions.
Headwinds
- The Company's outlook assumes no changes in the impact of foreign currency.
- Supply chain constraints impacted sales volumes across all reportable segments.
- Gross profit was lower due to increased inbound freight costs.
- Raw material and component shortages negatively impacted production costs.
- Lower golf club sales impacted gross profit.
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 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
| 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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