Acushnet (GOLF) Tops Q4 EPS by 1c, Offers Guidance

Acushnet (NYSE: GOLF) reported Q4 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $368.3 million versus the consensus estimate of $362.61 million.

GUIDANCE:

Acushnet sees FY2020 revenue of $1.665-1.705 billion, versus the consensus of $1.72 billion.

• Acushnet's 2020 outlook includes an estimated negative impact of the coronavirus of approximately $40 million in consolidated net sales and $18 million in Adjusted EBITDA and an estimated negative impact of unmitigated tariffs of approximately $5 million in Adjusted EBITDA.

• Consolidated net sales are expected to be approximately $1,665 to 1,705 million.

• Consolidated net sales on a constant currency basis are expected to be in the range of down 0.5% to up 1.9%.

• Adjusted EBITDA is expected to be approximately $220 to $240 million.

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

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