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FAIRHAVEN, Mass. -On Thursday, Acushnet Holdings Corp . (NYSE:GOLF), a leading golf equipment manufacturer, reported fourth quarter 2024 financial results that exceeded analyst expectations.
The company’s shares jumped 7.32% in pre-market trading.
The company, known for its Titleist and FootJoy brands, posted revenue of $455.2 million for the quarter, surpassing the consensus estimate of $448.76 million. This represents a solid performance for Acushnet in the critical holiday shopping season.
Looking ahead, Acushnet provided guidance for fiscal year 2025, projecting revenue between $2.485 billion and $2.535 billion. While the midpoint of this range falls slightly below the analyst consensus of $2.543 billion, investors appeared to focus on the strong fourth quarter results and the company’s overall positive outlook.
The company’s strong showing comes amid ongoing interest in golf, which has seen increased participation rates in recent years. Acushnet’s ability to capitalize on this trend with its premium product offerings has been a key driver of its financial performance.
The company will hold a conference call for investors to discuss the results in more detail.
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