Inspired by the game Johnnie Walker has been associated with for over a century and timed to WM Phoenix Open, the partnership's largest drop to date celebrates the next generation of golfers and whisky drinkersNEW YORK, Feb. 5, 2025 /PRNewswire/ -- For almost 100 years, Johnnie Walker has been committed to expanding the traditions for both golf and Scotch occasions. In 1926, Johnnie Walker introduced its 'hole-in-one' program, offering a bottle to any player who had a verified shot – the beginning of the br ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

CAMARILLO, CA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces that Executive Chairman Greg Campbell will present a corporate overview at the Winter 2024 Investor Summit. The conference is being held virtually on November 21, 2024. Event:Winter 2024 Investor Summit  Presentation Date: Nove ...

CAMARILLO, CA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, reports financial results for its fiscal third quarter ended September 30, 2024. Financial Highlights for Third Quarter 2024 Revenue was $1,211,000 in 3Q24, an increase of 1,175% over $95,000 in 3Q23 and a sequential increase of 49% over ...

Acushnet Holdings Corp. (NYSE:GOLF) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Sondra Lennon - VP of Financial Planning Analysis and IR David Maher - President and CEO Sean Sullivan - CFO Conference Call Participants Matthew Boss - JPMorgan Operator Good morning, everyone, and welcome to today's Acushnet Company 3Q '24 Earnings Call. My name is Drew, and I'll be the moderator for today's call. [Operator Instructions] It's now my pleasure to hand over to Sondra Lennon, V ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37935 Acushnet Holdings Corp. (Exact name of registrant as specified in its charter) Delaware 45-2644353 (State or oth ...

For the quarter ended September 2024, Acushnet (GOLF) reported revenue of $620.5 million, up 4.6% over the same period last year. EPS came in at $0.89, compared to $0.85 in the year-ago quarter.The reported revenue represents a surprise of -0.34% over the Zacks Consensus Estimate of $622.63 million. With the consensus EPS estimate being $0.79, the EPS surprise was +12.66%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Acushnet (GOLF) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.66%. A quarter ago, it was expected that this golf products maker would post earnings of $1.18 per share when it actually produced earnings of $1.11, delivering a surprise of -5.93%.Over the last four quarters, the com ...

Net Sales Performance - Third quarter net sales of $620.5 million, up 4.6% year over year, and up 5.0% in constant currency[1] - Year-to-date net sales of $2,011.9 million, up 2.2% year over year, and up 3.1% in constant currency[1] - Net sales for Q3 2024 increased to $620.5 million, up from $593.4 million in Q3 2023, representing a 4.6% growth[32] - Third quarter net sales for Titleist golf clubs increased by 18.2% to $213.9 million in 2024 compared to $181.0 million in 2023[37] - Third quarter net sales in the United States increased by 6.2% to $374.2 million in 2024 from $352.5 million in 2023[38] - Nine months net sales for Titleist golf balls increased by 3.8% to $646.0 million in 2024 from $622.1 million in 2023[39] - Nine months net sales in the United States increased by 6.9% to $1,201.0 million in 2024 from $1,123.8 million in 2023[40] Net Income and Profitability - Third quarter net income attributable to Acushnet Holdings Corp. of $56.2 million, down 1.9% year over year[1] - Net income attributable to Acushnet Holdings Corp. for Q3 2024 was $56.2 million, slightly down from $57.3 million in Q3 2023[32] - Net income for the nine months ended September 30, 2024, was $209.998 million, a decrease from $225.029 million in 2023[36] - Net income attributable to Acushnet Holdings Corp. for September 2024 was $56.224 million, compared to $57.307 million in September 2023[50] - Gross profit for Q3 2024 rose to $337.4 million, compared to $308.5 million in Q3 2023, a 9.4% increase[32] - Basic net income per common share for Q3 2024 was $0.89, compared to $0.86 in Q3 2023[31] Adjusted EBITDA and Margins - Third quarter Adjusted EBITDA of $107.4 million, up 8.7% year over year, with an Adjusted EBITDA margin of 17.3%[1][12] - Adjusted EBITDA for September 2024 was $107.394 million, an increase from $98.790 million in September 2023[50] - Adjusted EBITDA margin for September 2024 was 17.3%, up from 16.6% in September 2023[50] - Adjusted EBITDA for the nine months ended September 30, 2024, includes $7.0 million related to restructuring costs[49] - Adjusted EBITDA for the three and nine months ended September 30, 2024, includes $2.1 million and $8.0 million, respectively, related to IT system optimization[49] - Adjusted EBITDA margin is used by the company to evaluate business strategies and operating performance[48] Product-Specific Sales Performance - Titleist golf clubs net sales increased 18.2% (18.7% in constant currency) driven by higher sales volumes of newly introduced GT drivers and fairways[9] - Titleist golf gear net sales increased 8.2% (8.8% in constant currency) mainly due to higher sales volumes in travel and golf bag product categories[9] - FootJoy golf wear net sales decreased 2.6% (2.3% in constant currency) primarily due to lower sales volumes in footwear and apparel[10] Financial Guidance - Full-year 2024 consolidated net sales guidance reaffirmed at $2,450 to $2,500 million, with constant currency growth expected at 3.2% to 5.3%[22] - Full-year 2024 Adjusted EBITDA outlook narrowed to $395 to $405 million, compared to previous guidance of $385 to $405 million[22] Cash Flow and Financial Position - Cash, cash equivalents, and restricted cash increased to $99.1 million as of September 30, 2024, up from $65.4 million as of December 31, 2023[34] - Accounts receivable, net, grew to $367.5 million as of September 30, 2024, compared to $201.4 million as of December 31, 2023[34] - Inventories decreased to $497.5 million as of September 30, 2024, down from $615.5 million as of December 31, 2023[34] - Total assets increased to $2.28 billion as of September 30, 2024, up from $2.20 billion as of December 31, 2023[34] - Long-term debt rose to $708.0 million as of September 30, 2024, compared to $671.8 million as of December 31, 2023[34] - Cash flows provided by operating activities for the nine months ended September 30, 2024, were $246.228 million, down from $296.930 million in 2023[36] Expenses and Costs - Research and development expenses for Q3 2024 were $18.9 million, up from $16.2 million in Q3 2023, a 16.5% increase[32] - Interest expense, net for September 2024 was $13.187 million, compared to $9.389 million in September 2023[50] - Income tax expense for September 2024 was $13.198 million, up from $11.252 million in September 2023[50] - Depreciation and amortization for September 2024 was $13.965 million, compared to $12.807 million in September 2023[50] - Share-based compensation for September 2024 was $9.031 million, up from $5.305 million in September 2023[50] - Restructuring costs for September 2024 were $432 thousand, compared to a negative $10 thousand in September 2023[50] - Transformation costs for September 2024 were $2.655 million, slightly down from $2.848 million in September 2023[50] - Net loss attributable to noncontrolling interests for September 2024 was $949 thousand, compared to $261 thousand in September 2023[50] Share Repurchase - The company repurchased 1,080,560 shares of its common stock at an average price of $64.80 for an aggregate of $70.0 million during the quarter[21] Currency Impact - Constant currency net sales are used to evaluate sales performance without the impact of foreign exchange rate changes[42]

Wall Street analysts expect Acushnet (GOLF) to post quarterly earnings of $0.79 per share in its upcoming report, which indicates a year-over-year decline of 7.1%. Revenues are expected to be $622.63 million, up 4.9% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's earnings anno ...