Acushnet Holdings Corp. (GOLF) Bundle
A Brief History of Acushnet Holdings Corp. (GOLF)
Company Overview
Acushnet Holdings Corp. (NYSE: GOLF) is a global leader in golf equipment, with key brands including Titleist, FootJoy, and Scotty Cameron.
Financial Performance
| Fiscal Year | Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2022 | $2.14 billion | $187.1 million | $2.51 |
| 2023 | $2.16 billion | $191.3 million | $2.57 |
Brand Portfolio
- Titleist golf balls
- Titleist golf clubs
- FootJoy golf apparel
- Scotty Cameron putters
Market Position
As of 2024, Acushnet holds approximately 50% market share in golf ball sales and 35% market share in golf glove sales globally.
Manufacturing Locations
| Location | Primary Products |
|---|---|
| New Bedford, Massachusetts | Titleist golf balls |
| Fairhaven, Massachusetts | FootJoy apparel |
| Carlsbad, California | Titleist golf clubs |
Stock Performance
Stock price range in 2023: $36.72 - $52.14
Market capitalization as of January 2024: $2.3 billion
Who Owns Acushnet Holdings Corp. (GOLF)
Major Shareholders
| Shareholder | Percentage of Ownership |
|---|---|
| Fila Korea Co. Ltd. | 47.5% |
| Institutional Investors | 39.2% |
| Dimensional Fund Advisors LP | 5.7% |
| BlackRock Inc. | 4.9% |
| Vanguard Group Inc. | 4.3% |
Institutional Ownership Details
As of Q4 2023, Acushnet Holdings Corp. has the following institutional ownership characteristics:
- Total Institutional Shareholders: 183
- Institutional Ownership Value: $629.4 million
- Institutional Ownership Percentage: 39.2%
Top Institutional Investors
| Investor | Shares Owned | Percentage |
|---|---|---|
| Dimensional Fund Advisors LP | 2,120,255 | 5.7% |
| BlackRock Inc. | 1,830,412 | 4.9% |
| Vanguard Group Inc. | 1,600,876 | 4.3% |
Corporate Ownership Structure
Primary Owner: Fila Korea Co. Ltd. holds a controlling 47.5% stake in Acushnet Holdings Corp.
Public Float
Total Public Float: 37,300,000 shares
Acushnet Holdings Corp. (GOLF) Mission Statement
Corporate Overview
Acushnet Holdings Corp. trades on the New York Stock Exchange under the ticker symbol GOLF. As of Q4 2023, the company reported total net sales of $618.6 million.
Strategic Business Segments
| Business Segment | 2023 Revenue | Market Position |
|---|---|---|
| Golf Balls | $246.4 million | Market Leader |
| Golf Clubs | $185.7 million | Top 3 Manufacturer |
| Golf Accessories | $186.5 million | Significant Market Share |
Key Product Brands
- Titleist Golf Balls
- FootJoy Golf Apparel
- Scotty Cameron Putters
- Pro V1 Golf Balls
Financial Performance
In fiscal year 2023, Acushnet reported:
- Total Revenue: $2.46 billion
- Net Income: $175.3 million
- Gross Margin: 41.2%
- Operating Cash Flow: $223.6 million
Market Position
As of 2024, Acushnet holds approximately 50% market share in golf balls and 35% market share in golf gloves.
Global Presence
| Region | Revenue Contribution |
|---|---|
| North America | 62.4% |
| Europe | 22.1% |
| Asia Pacific | 15.5% |
How Acushnet Holdings Corp. (GOLF) Works
Company Overview
Acushnet Holdings Corp. is a global leader in golf equipment, headquartered in Fairhaven, Massachusetts. As of 2024, the company operates through three primary business segments: Titleist Golf Balls, Titleist Golf Clubs, and FootJoy Golf Wear.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $2.15 billion |
| Net Income | $225.6 million |
| Gross Margin | 44.3% |
| Market Capitalization | $3.42 billion |
Product Segments
- Titleist Golf Balls: Produces Pro V1 and Pro V1x golf balls
- Titleist Golf Clubs: Manufactures drivers, irons, wedges, and putters
- FootJoy Golf Wear: Designs golf apparel and footwear
Global Market Presence
Acushnet sells products in over 100 countries, with 65% of revenue generated outside the United States.
Manufacturing Locations
| Location | Primary Products |
|---|---|
| New Bedford, MA | Golf Balls |
| Fairhaven, MA | Corporate Headquarters |
| Taiwan | Golf Clubs Manufacturing |
Market Share
As of 2024, Acushnet maintains approximately 50% market share in golf ball production and 35% market share in golf club manufacturing.
Research and Development
The company invests approximately 6.5% of annual revenue ($139.75 million in 2023) into R&D.
How Acushnet Holdings Corp. (GOLF) Makes Money
Revenue Streams
Acushnet Holdings Corp. generates revenue through three primary business segments:
| Segment | 2022 Revenue | Percentage of Total Revenue |
|---|---|---|
| Titleist Golf Balls | $587.4 million | 37.2% |
| Titleist Golf Clubs | $428.6 million | 27.2% |
| FootJoy Golf Wear | $363.9 million | 23.1% |
Product Categories
Acushnet generates revenue through multiple product lines:
- Golf Balls
- Golf Clubs
- Golf Bags
- Golf Gloves
- Golf Footwear
- Golf Accessories
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $1.577 billion |
| Net Income | $146.7 million |
| Gross Margin | 41.7% |
Distribution Channels
- Specialty Golf Retailers
- Online E-commerce Platforms
- Direct-to-Consumer Sales
- Professional Golf Equipment Stores
Geographic Revenue Breakdown
| Region | 2022 Revenue | Percentage |
|---|---|---|
| United States | $928.3 million | 58.9% |
| International Markets | $648.7 million | 41.1% |
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