Acushnet Holdings Corp
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
GOLF$84.61+4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share amounts) | 2024 | 2023 | 2022 |
| Net sales | $2,457,091 | $2,381,995 | $2,270,336 |
| Cost of goods sold | 1,269,364 | 1,261,958 | 1,221,647 |
| Gross profit | 1,187,727 | 1,120,037 | 1,048,689 |
| Operating expenses: | |||
| Selling, general and administrative | 801,600 | 755,671 | 702,878 |
| Research and development | 67,841 | 64,839 | 56,393 |
| Intangible amortization | 14,024 | 14,222 | 7,885 |
| Income from operations | 304,262 | 285,305 | 281,533 |
| Interest expense, net (Note 19) | 52,637 | 41,288 | 13,269 |
| Other expense, net | 1,958 | 2,417 | 8,829 |
| Income before income taxes | 249,667 | 241,600 | 259,435 |
| Income tax expense | 47,825 | 42,993 | 54,351 |
| Net income | 201,842 | 198,607 | 205,084 |
| Less: Net loss (income) attributable to noncontrolling interests | 12,456 | (178) | (5,806) |
| Net income attributable to Acushnet Holdings Corp. | $214,298 | $198,429 | $199,278 |
| Net income per common share attributable to Acushnet Holdings Corp.: | |||
| Basic | $3.38 | $2.96 | $2.77 |
| Diluted | 3.37 | 2.94 | 2.75 |
| Weighted average number of common shares: | |||
| Basic | 63,345,806 | 67,063,933 | 71,958,879 |
| Diluted | 63,648,238 | 67,517,105 | 72,560,098 |
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