Sector: Consumer Cyclicals | Industry: Recreational Products |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 333 Bridge St FAIRHAVEN MA 02719-4905 |
Tel: | N/A |
Website: | https://www.acushnetholdingscorp.com |
IR: | See website |
Key People | ||
Yoon Soo Yoon Chairman of the Board | Roland Giroux Executive Vice President, Chief Legal Officer, Corporate Secretary | David Eugene Maher President, Chief Executive Officer, Director |
Sean S. Sullivan Chief Financial Officer, Executive Vice President | Mary Louise Bohn President - Titleist Golf Balls | John Duke President - Titleist Golf Gear |
Christopher Lindner President - FootJoy | Steven Pelisek President - Titleist Golf Clubs | Brendan Reidy Executive Vice President, Chief People Officer | Roger Czuchra Executive Vice President, Chief Technology and Digital Officer |
Business Overview |
Acushnet Holdings Corp. is engaged in the design, development, manufacture, and distribution of golf products. The Company's 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 Company's 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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Acushnet Holdings Corp revenues increased 5% to $2.38B. Net income decreased less than 1% to $198.4M. Revenues reflect Titleist golf balls segment increase of 12% to $761.7M, Titleist golf clubs segment increase of 8% to $658.6M, Titleist golf gear segment increase of 5% to $216.2M, United States segment increase of 10% to $1.35B, Rest of world segment increase of 8% to $266.1M. |
Employees: | 7,300 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $4,537M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,382M as of Dec 31, 2023 |
EBITDA (TTM): | $348.85M as of Dec 31, 2023 |
Net annual income (TTM): | $198.43M as of Dec 31, 2023 |
Free cash flow (TTM): | $218.75M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $637.43M as of Dec 31, 2023 |
Shares outstanding: | 63,494,735 as of Feb 23, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |