Recap: Acushnet Holdings Q3 Earnings

Shares of Acushnet Holdings GOLF fell 2.7% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 115.38% year over year to $0.84, which beat the estimate of $0.41.

Revenue of $482,932,000 up by 15.76% from the same period last year, which beat the estimate of $414,410,000.

Guidance

Acushnet Holdings hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Nov 06, 2020

Time: 08:30 AM

ET Webcast URL: https://www.acushnetholdingscorp.com/investors/events-and-presentations/default.aspx

Recent Stock Performance

52-week high: $39.85

Company's 52-week low was at $20.65

Price action over last quarter: Up 2.44%

Company Description

Acushnet Holdings Corp is a US-based company engaged in the design, development, manufacture, and distribution of golf products. Its product category includes golf balls, golf shoes, golf clubs, wedges, putters, golf gloves, golf gear and golf wear, of which key revenue is derived from the sales of golf balls and golf gloves. The operating segments of the company are Titleist golf balls, Titleist golf clubs, Titleist golf gear and FootJoy golf wear. The company operates in the United States, EMEA, Japan, Korea and other countries, of which a majority of the revenue is generated from the operations in the United States.