Acushnet Narrows Guidance
Acushnet Holdings (GOLF) reported 3rd Quarter September 2019 earnings of $0.39 per share on revenue of $417.2 million. The consensus earnings estimate was $0.29 per share on revenue of $391.5 million. Revenue grew 12.6% on a year-over-year basis.
The company said it expects 2019 revenue of $1.66 billion to $1.68 billion. The company's previous guidance was revenue of $1.655 billion to $1.685 billion and the current consensus estimate is revenue of $1.67 billion for the year ending December 31, 2019.
Acushnet Holdings Corp. Announces Third-Quarter and Year-to-Date 2019 Financial Results
News Release Available on www.AcushnetHoldingsCorp.com
FAIRHAVEN, Mass.--(BUSINESS WIRE)--Acushnet Holdings Corp. (NYSE:GOLF) (“Acushnet”) published its third-quarter and year-to-date 2019 financial results on October 31, 2019. The results are available via the Acushnet Investor Relations (http://www.acushnetholdingscorp.com/ir) and the U.S. Securities and Exchange Commission (https://www.sec.gov/cgi-bin/browse-edgar?company=acushnet&owner=exclude&action=getcompany) websites.
Acushnet will hold a conference call for investors at 8:30 a.m. Eastern Time on October 31 to review the third-quarter and year-to-date 2019 financial results. A live webcast of that call will be available on the Acushnet Investor Relations website and a replay will be available shortly after the conclusion of the live event.
ABOUT ACUSHNET HOLDINGS CORP.
We are the global leader in the design, development, manufacture and distribution of performance-driven golf products, which are widely recognized for their quality excellence. Driven by our focus on dedicated and discerning golfers and the golf shops that serve them, we believe we are the most authentic and enduring company in the golf industry. Our mission - to be the performance and quality leader in every golf product category in which we compete - has remained consistent since we entered the golf ball business in 1932. Today, we are the steward of two of the most revered brands in golf – Titleist, one of golf’s leading performance equipment brands, and FootJoy, one of golf’s leading performance wear brands. Additional information can be found at www.acushnetholdingscorp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191031005446/en/
Source: Acushnet Holdings Corp.