Acushnet Holdings (GOLF) FY2024 results: revenue $2.5 billion, up 3.2% on the year
Acushnet Holdings Corp. (GOLF) reported revenue of $2.5 billion for fiscal 2024, the year ended 31 December 2024, up 3.2% on the year before. Net income was $214 million, up 8.0%, and diluted earnings per share $3.37. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$2.5 billion
+3.2% on the year
FY2017FY2024
Operating margin
12.4%
12.0% a year earlier
FY2017FY2024
Net income
$214 million
+8.0% on the year
FY2017FY2024
Diluted EPS
$3.37
+14.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
245
372
-67.8
-34.1%
Capital expenditure
74.6
75.4
61.4
-1.0%
Free cash flow
170
296
-129
-42.5%
Free cash flow margin
6.9%
12.4%
-5.7%
Cash from investing
-74.6
-101
-140
Cash from financing
-180
-265
-8.6
Depreciation and amortisation
55.9
51.4
41.7
+8.8%
Share-based compensation
30.8
29.7
24.1
+3.6%
Buybacks
173
334
189
-48.3%
Dividends paid
54.3
52.5
52.2
+3.5%
Dividend per share
$0.86
$0.78
$0.72
+10.3%
Diluted shares, weighted
64m
68m
73m
-5.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
765
864
939
-11.5%
Non-controlling interest
27.9
38.9
37.6
-28.2%
Redeemable equity
4.0
9.8
6.7
-58.8%
Debt
764
701
568
+9.0%
Operating lease liabilities
60.2
73.3
44.8
-18.0%
Finance lease liabilities
1.3
1.5
1.2
-16.1%
Other liabilities
558
508
597
+9.8%
Total liabilities and equity
2,180
2,197
2,194
-0.7%
Goodwill
220
225
225
-2.3%
Intangible assets
523
537
526
-2.7%
Cash and equivalents
53.1
65.4
58.9
-18.9%
Receivables
218
201
217
+8.5%
Inventory
576
616
675
-6.4%
Other assets
590
552
493
+6.9%
Total assets
2,180
2,197
2,194
-0.7%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.