Acushnet Holdings Corp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 29, 2024 at 06:02 am EST
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Acushnet Holdings Corp. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 412.96 million compared to USD 447.4 million a year ago. Net loss was USD 26.81 million compared to USD 0.058 million a year ago. Basic loss per share from continuing operations was USD 0.41. Diluted loss per share from continuing operations was USD 0.41.
For the full year, sales was USD 2,382 million compared to USD 2,270.34 million a year ago. Net income was USD 198.43 million compared to USD 199.28 million a year ago. Basic earnings per share from continuing operations was USD 2.96 compared to USD 2.77 a year ago. Diluted earnings per share from continuing operations was USD 2.94 compared to USD 2.75 a year ago.
Acushnet Holdings Corp. is engaged in the design, development, manufacture, and distribution of golf products. The Companyâs 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 Companyâs 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.
ACUSHNET HOLDINGS CORP. 
