Financial Performance - Full year net sales reached $2.46 billion, an increase of 3.2% year over year, and 3.9% in constant currency[3] - Full year gross margin improved to 48.3%, up 130 basis points year over year[3] - Full year net income attributable to Acushnet Holdings Corp. was $214.3 million, up $15.9 million or 8.0% year over year[4] - Adjusted EBITDA for the full year was $404.4 million, reflecting a 7.5% increase year over year[9] - Fourth quarter net sales were $445.2 million, up 7.8% year over year, and 7.9% in constant currency[10] - Net income for 2024 was $201.8 million, a slight increase from $198.6 million in 2023, representing a growth of 1.2%[36] - Total net sales for 2024 reached $2.46 billion, up by $75.1 million or 3.2% compared to $2.38 billion in 2023[39] - The company reported a gross profit of $377.9 million for the three months ended December 31, 2024, compared to $371.8 million in the same period of 2023[43] Market Segments - Titleist golf equipment net sales increased by 6.2% year over year, driven by higher sales volumes of SM10 wedges and GT drivers[7] - FootJoy golf wear experienced a 2.6% decrease in net sales, primarily due to lower sales volumes across all product categories[7] - Golf clubs segment saw a significant increase in sales, rising by $62.6 million or 9.5% to $721.3 million in 2024[38] - The FootJoy golf wear segment experienced a decline in sales, decreasing by $15.4 million or 2.6% to $574.6 million in 2024[38] - The United States market contributed $1.45 billion in sales, reflecting a $96.8 million increase or 7.2% from the previous year[39] Cash Flow and Assets - Cash flows provided by operating activities decreased to $245.1 million in 2024 from $371.8 million in 2023, a decline of 34%[36] - Total assets as of December 31, 2024, were $2,180.2 million, slightly down from $2,196.7 million in 2023[33] - Cash and cash equivalents decreased to $53.1 million in 2024 from $65.4 million in 2023[33] - Cash, cash equivalents, and restricted cash at the end of 2024 were $53.1 million, down from $65.4 million at the end of 2023[36] Expenses and Liabilities - Operating expenses for Q4 2024 were $209.9 million, compared to $201.5 million in Q4 2023, reflecting a 4.0% increase[32] - Total liabilities increased to $1,383.0 million in 2024 from $1,283.8 million in 2023, representing a 7.8% rise[33] - Research and development expenses for the year were $67.8 million, up from $64.8 million in 2023, indicating a 4.5% increase[32] - Interest expense for the year ended December 31, 2024, increased to $52.6 million from $41.3 million in 2023, representing a rise of 27.5%[54] Shareholder Returns - The company declared a quarterly cash dividend increase of 9.3% to $0.235 per share[15] - The company repurchased 442,867 shares at an average price of $67.69, totaling $30 million during the quarter[16] Future Outlook - The 2025 outlook projects net sales between $2,485 million and $2,535 million, with an expected adjusted EBITDA of $405 to $420 million[18] - Acushnet Holdings Corp. anticipates continued growth in consolidated net sales and Adjusted EBITDA for 2025[27] - The company plans to continue focusing on product innovation and market expansion strategies to drive future growth[47] Adjusted EBITDA - Adjusted EBITDA for the year ended December 31, 2024, was $404.4 million, an increase from $376.1 million in 2023, reflecting a growth of 7.7%[54] - Adjusted EBITDA margin for the year ended December 31, 2024, was 16.5%, compared to 15.8% in 2023, indicating an improvement of 0.7 percentage points[54] - Adjusted EBITDA for the three months ended December 31, 2024, was $12.4 million, compared to a negative $1.5 million in the same period of 2023[54] Losses and Costs - The company reported a basic net loss per share of $0.02 for Q4 2024, compared to a loss of $0.41 in Q4 2023[32] - For the three months ended December 31, 2024, the company reported a net loss of $1.1 million, a significant improvement from a net loss of $26.8 million in the same period of 2023[54] - Restructuring costs associated with the closure of footwear manufacturing lines amounted to $11.0 million for the three months ended December 31, 2024[54] - The company incurred $3.0 million in transformation costs related to IT system optimization for the three months ended December 31, 2024[54] - The net (loss) income attributable to noncontrolling interests for the year ended December 31, 2024, was a loss of $12.5 million, compared to a gain of $0.2 million in 2023[54] - The company reported a net (loss) income attributable to Acushnet Holdings Corp. of $214.3 million for the year ended December 31, 2024, up from $198.4 million in 2023, marking an increase of 8.9%[54] Variability in Results - The company anticipates ongoing variability in future GAAP results due to potential extraordinary items, making forward-looking reconciliations challenging[54]

Company Overview - Acushnet Holdings Corp. is a leading player in the global golf industry, known for manufacturing and distributing a wide range of golf products including golf balls, clubs, wedges, putters, and various golf gear [1] Brand Portfolio - The company operates several well-known brands such as Titleist, FootJoy, Scotty Cameron, Vokey Design, and Pinnacle, which contribute to its strong market presence [1]

Company Overview - Acushnet (GOLF) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended December 2024, with a consensus outlook suggesting a quarterly loss of $0.32 per share, reflecting a +22% change from the previous year [1][3] - Revenues are expected to reach $455.13 million, marking a 10.2% increase compared to the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on February 27, 2025, and could influence the stock price significantly depending on whether the actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 1.34% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that Acushnet has a negative Earnings ESP of -14.20%, suggesting a lower likelihood of beating the consensus EPS estimate [10][11] - The stock currently holds a Zacks Rank of 4, which further complicates the prediction of an earnings beat [11] Historical Performance - In the last reported quarter, Acushnet exceeded the consensus EPS estimate by +12.66%, with actual earnings of $0.89 per share compared to an expected $0.79 [12] - Over the past four quarters, Acushnet has beaten consensus EPS estimates two times [13] Industry Comparison - Amer Sports, Inc. (AS), a competitor in the same industry, is expected to report earnings of $0.17 per share for the quarter ended December 2024, reflecting a year-over-year change of +254.6% [17] - Amer Sports is projected to achieve revenues of $1.6 billion, up 21.6% from the previous year, and has a positive Earnings ESP of 17.10% along with a Zacks Rank of 2, indicating a strong likelihood of beating the consensus EPS estimate [18]

Core Points - Acushnet Holdings Corp. will replace Retail Opportunity Investments Corp. in the S&P SmallCap 600 effective February 13, 2025 [1] - Blackstone Inc. is acquiring Retail Opportunity Investments, with the deal expected to close soon [1] Summary by Category Company Changes - Acushnet Holdings Corp. will be added to the S&P SmallCap 600 under the ticker GOLF in the Consumer Discretionary sector [1] - Retail Opportunity Investments Corp. will be removed from the S&P SmallCap 600 under the ticker ROIC in the Real Estate sector [1] Index Information - The changes will take effect prior to the opening of trading on the specified date [1]

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 ...