Acushnet Holdings Corp. (GOLF) Q3 2024 Earnings Call Transcript Summary
Acushnet Holdings Corp. (GOLF) Q3 2024 Earnings Call Transcript Summary
Third-quarter gross profit reached $337 million, up 9%, with a gross The following is a summary of the Acushnet Holdings Corp. (GOLF) Q3 2024 Earnings Call Transcript:
以下是Acushnet Holdings Corp. (GOLF) 2024年第三季度业绩会交流摘要：
Financial Performance:
财务表现：
Acushnet reported Q3 net sales of $621 million, a 5% year-over-year increase, and adjusted EBITDA of $107 million, up 9% from the previous year.
Year-to-date net sales surpassed $2 billion, an increase of 3%, while adjusted EBITDA rose by 4% to $392 million.
Third-quarter gross profit reached $337 million, up 9%, with a gross margin of 54.4%, an improvement of 240 basis points from the previous year.
Acushnet报告第三季度净销售额为62100万美元，同比增长5%，调整后的EBITDA为10700万美元，比去年同期增长9%。
年初至今净销售额超过20亿美元，增长3%，而调整后的EBITDA上升了4%，达到39200万美元。
第三季度毛利润达到33700万美元，增长9%，毛利率为54.4%，比去年同期提高了240个基点。
Business Progress:
业务进展：
Titleist Golf Clubs experienced a significant 19% sales increase in Q3, driven by the launch of new GT drivers and Fairway Metals.
Titleist Golf Balls maintained positive feedback and production transition in anticipation of new Pro V1 model launches.
FootJoy is transitioning production lines to a new facility in Vietnam, aiming for enhanced innovation and speed to market.
Titleist高尔夫俱乐部在第三季度经历了显著的19%销售增长，这是由于推出新的Gt球杆和Fairway金属产品。
Titleist高尔夫球产品保持了积极的反馈，并进行生产转型以期待新的Pro V1型号的推出。
FootJoy正在将生产线转移到越南的新工厂，旨在提升创新能力和市场反应速度。
Opportunities:
机会：
Continued U.S. market strength with Q3 net sales up 6% and year-to-date up 7%, coupled with robust consumer demand across all segments.
FootJoy's transition to a new production facility in Vietnam reflects a strategic initiative to foster innovation and address market demands more effectively.
美国市场持续强劲，第三季度净销售额上涨6％，年初至今增长7％，并且消费者需求旺盛，涵盖所有板块。
FootJoy转移到越南新生产工厂反映了一项战略举措，以促进创新并更有效地满足市场需求。
Risks:
风险：
Expected decline in Golf Ball sales in Q4 due to the life cycle of products which may impact overall performance temporarily.
FootJoy experiences a decrease in sales by 2% in Q3 and 3% year-to-date, marking challenges in the soft apparel and footwear markets.
预计高尔夫球在第四季度的销售将下降，这主要是产品生命周期的原因，可能会暂时影响整体业绩。
FootJoy在第三季度销售额下降2％，年初至今下降3％，标志着软装和鞋类市场面临挑战。
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提示：本文由人工智能生成。内容准确性无法完全保证。如需更全面详情，请参阅IR网站。本文仅供投资者参考，不具有任何指导或推荐建议。