ACUSHNET HOLDINGS Reports 4.7% Revenue Increase and 12.4% Net Income Increase for Q2 2023
August 9, 2023
☀️Earnings Overview
For the quarter ended June 30, 2023, ACUSHNET HOLDINGS ($NYSE:GOLF) reported total revenue of USD 689.4 million and a net income of USD 74.7 million, a 4.7% and 12.4% increase year-over-year, respectively, from the same quarter of FY2023.
Analysis
GoodWhale has conducted an analysis of ACUSHNET HOLDINGS‘s fundamentals and has assigned it a Risk Rating of “Medium”. This rating takes into account both the financial and business aspects of the company, indicating that it is a medium-risk investment. GoodWhale has also detected one risk warning in ACUSHNET HOLDINGS’s balance sheet that should be taken into consideration before investing. For more information on this risk warning, please register on GoodWhale.com to access the detailed analysis. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Acushnet Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 2.38k | 219.71 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Acushnet Holdings. More…
| Operations | Investing | Financing |
| 142.47 | -173.12 | -14.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Acushnet Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.33k | 1.27k | 15.27 |
Key Ratios Snapshot
Some of the financial key ratios for Acushnet Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.8% | 39.2% | 13.1% |
| FCF Margin | ROE | ROA |
| -0.7% | 19.4% | 8.3% |
Peers
The competition between Acushnet Holdings Corp and its competitors is fierce. Callaway Golf Co, Vista Outdoor Inc, City Sports And Recreation PCL are all vying for a piece of the golf market share. Each company has its own unique selling points and it is up to the consumer to decide which brand they want to support.
– Callaway Golf Co ($NYSE:ELY)
Vista Outdoor Inc is an American outdoor recreation product company. The company operates in five segments: Shooting Sports, Outdoor Products, Action Sports, Cycling, and International. It has a market cap of 1.55B as of 2022 and a Return on Equity of 29.64%. The company designs, manufactures, and markets consumer products in the outdoor sports and recreation markets. Its products include firearms, ammunition, archery products, fishing products, backpacks, and other outdoor products.
– Vista Outdoor Inc ($NYSE:VSTO)
City Sports And Recreation PCL is a company that operates in the sports and recreation industry. The company has a market capitalization of 1.52 billion as of 2022 and a return on equity of 1.84%. City Sports And Recreation PCL is a publicly traded company listed on the Stock Exchange of Thailand. The company operates in two segments: sports and recreation, and other businesses. The company offers a range of products and services including sports equipment, recreational facilities, and services.
Summary
Investors can take note that ACUSHNET HOLDINGS has seen an impressive increase in its total revenue and net income for the quarter ended June 30 2023. The company’s total revenue rose by 4.7% to USD 689.4 million, while net income increased by 12.4% to USD 74.7 million year-over-year. This is a positive sign for investors, indicating that ACUSHNET HOLDINGS is in a good financial position and is likely to continue to experience growth in the future. Investors should consider this company as a potential investment opportunity.
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