Acushnet (GOLF) Tops Q3 EPS by 37c, Revenue Beats, Offers Guidance

Acushnet (NYSE: GOLF) reported Q3 EPS of $0.52, $0.37 better than the analyst estimate of $0.15. Revenue for the quarter came in at $521.6 million versus the consensus estimate of $414.74 million.

GUIDANCE:

Acushnet sees FY2021 revenue of $2.08-2.11 billion, versus the consensus of $1.98 billion.

• The Company expects full-year consolidated net sales to be approximately $2,080 to $2,110 million and Adjusted EBITDA to be approximately $305 to $325 million. On a constant currency basis, consolidated net sales are expected to be in the range of up 26.1% to 28.0%. The Company's outlook assumes no significant worsening of the COVID-19 pandemic, including incremental closures of global markets and additional supply chain disruptions. The Company plans to share additional details of the 2021 Outlook during its investor conference call.

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

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