Acushnet Holdings Corp
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
GOLF$85.03+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (unaudited)
| Three months ended March 31, | ||
|---|---|---|
| (in thousands, except share and per share amounts) | 2024 | 2023 |
| Net sales | $707,554 | $686,290 |
| Cost of goods sold | 329,615 | 320,618 |
| Gross profit | 377,939 | 365,672 |
| Operating expenses: | ||
| Selling, general and administrative | 236,592 | 222,539 |
| Research and development | 16,453 | 14,540 |
| Intangible amortization | 3,513 | 3,689 |
| Income from operations | 121,381 | 124,904 |
| Interest expense, net | 13,076 | 9,896 |
| Other expense, net | 339 | 664 |
| Income before income taxes | 107,966 | 114,344 |
| Income tax expense | 23,407 | 20,725 |
| Net income | 84,559 | 93,619 |
| Less: Net loss (income) attributable to noncontrolling interests | 3,203 | (344) |
| Net income attributable to Acushnet Holdings Corp. | $87,762 | $93,275 |
| Net income per common share attributable to Acushnet Holdings Corp.: | ||
| Basic | $1.36 | $1.37 |
| Diluted | 1.35 | 1.36 |
| Weighted average number of common shares: | ||
| Basic | 64,621,122 | 68,213,068 |
| Diluted | 64,889,174 | 68,646,212 |
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