Acushnet Holdings Corp

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 7, 2024

GOLF$85.03+0.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations (unaudited)

	Three months ended September 30,		Nine months ended September 30,
(in thousands, except share and per share amounts)	2024	2023	2024	2023
Net sales	$620,501	$593,381	$2,011,922	$1,969,034
Cost of goods sold	283,126	284,859	924,854	926,317
Gross profit	337,375	308,522	1,087,068	1,042,717
Operating expenses:
Selling, general and administrative	232,882	210,166	715,558	674,720
Research and development	18,923	16,239	51,516	47,286
Intangible amortization	3,503	3,512	10,523	10,712
Income from operations	82,067	78,605	309,471	309,999
Interest expense, net	13,187	9,389	40,367	30,234
Other expense, net	407	918	1,289	2,010
Income before income taxes	68,473	68,298	267,815	277,755
Income tax expense	13,198	11,252	57,817	52,726
Net income	55,275	57,046	209,998	225,029
Less: Net loss attributable to noncontrolling interests	949	261	5,416	208
Net income attributable to Acushnet Holdings Corp.	$56,224	$57,307	$215,414	$225,237
Net income per common share attributable to Acushnet Holdings Corp.:
Basic	$0.89	$0.86	$3.38	$3.32
Diluted	0.89	0.85	3.36	3.30
Weighted average number of common shares:
Basic	62,894,940	66,898,142	63,813,805	67,812,790
Diluted	63,171,736	67,343,260	64,070,500	68,208,022

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.