Acushnet Holdings Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 06:02 am EDT
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Acushnet Holdings Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 593.38 million compared to USD 558.25 million a year ago. Net income was USD 57.31 million compared to USD 51.84 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.72 a year ago.
For the nine months, sales was USD 1,969.03 million compared to USD 1,822.93 million a year ago. Net income was USD 225.24 million compared to USD 199.34 million a year ago. Basic earnings per share from continuing operations was USD 3.32 compared to USD 2.74 a year ago. Diluted earnings per share from continuing operations was USD 3.3 compared to USD 2.72 a year ago.
Acushnet Holdings Corp. is engaged in the design, development, manufacture, and distribution of golf products. The Companyâs segments include Titleist golf balls, Titleist golf clubs, Titleist golf gear, and FootJoy golf wear. The Titleist golf balls segment is engaged in the design and manufacturing of a golf balls. The Titleist golf clubs segment designs, assembles, and sells golf clubs (drivers, fairways, hybrids, and irons) under the Titleist brand, wedges under the Vokey Design brand and putters under the Scotty Cameron brand. The Titleist golf gear segment includes golf bags, headwear, golf gloves, travel products, headcovers, and other golf accessories. The FootJoy golf wear segment includes golf shoes, gloves, and apparel. The Companyâs products include golf balls, golf clubs, wedges and putters, golf shoes, golf gloves, golf gear, and golf and ski outerwear and apparel. It designs, manufactures, and markets a range of products under the Titleist, FootJoy and KJUS brands.
ACUSHNET HOLDINGS CORP. 
