Acushnet (GOLF) Misses Q4 EPS by 7c, Revenue Beats, Offers Guidance

Acushnet (NYSE: GOLF) reported Q4 EPS of ($0.36), $0.07 worse than the analyst estimate of ($0.29). Revenue for the quarter came in at $420.6 million versus the consensus estimate of $380.65 million.

GUIDANCE:

Acushnet sees FY2022 revenue of $2.175-2.225 billion, versus the consensus of $2.11 billion.

• The Company expects full-year consolidated net sales to be approximately $2,175 to $2,225 million and Adjusted EBITDA to be approximately $325 to $345 million. On a constant currency basis, consolidated net sales are expected to be in the range of up 2.7% to up 5.0%. The Company's outlook assumes no significant worsening of the COVID-19 pandemic, additional supply chain disruptions or changes in the impact of foreign currency. The Company plans to share additional details of the 2022 Outlook during its investor conference call.

For earnings history and earnings-related data on Acushnet (GOLF) click here.

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