Amer Sports Reports First Quarter 2024 Financial Results, Company Updates Full Year Guidance
Amer Sports, Inc. (AS)
Company Research
Source: Business Wire
First quarter revenue, adjusted operating margin, and adjusted diluted EPS above guidanceFirst quarter revenue increased 13% year-over-year to $1.2 billion led by the Technical Apparel SegmentStrong gross margin expansion reflecting mix shift toward highest-margin brands, channels, and regionsFlagship Arc’teryx brand continues to generate best-in-class financial performanceIPO proceeds used to pay down $1.4 billion of debt; ended 1Q with $1.7 billion of net debt11 Net debt is defined as loans from financial institutions and related parties less cash and cash equivalents HELSINKI--(BUSINESS WIRE)--Amer Sports Inc. (NYSE: AS) (“Amer Sports” or the “Company”) today announced its financial results for the first quarter of 2024.CEO James Zheng commented, “The momentum behind our strong financial performance has continued through the first quarter of 2024, as we delivered sales and profitability above our guidance. Our transformation to a brand-direct business model four years ago contin
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News
- Amer Sports, Inc. (NYSE:AS) On The Verge Of Breaking Even [Yahoo! Finance]Yahoo! Finance
- Biggest IPOs on US Exchanges This Year Come From Non-US Firms [Yahoo! Finance]Yahoo! Finance
- Amer Sports, Inc. (NYSE: AS) had its price target lowered by analysts at Morgan Stanley from $16.00 to $15.00. They now have an "equal weight" rating on the stock.MarketBeat
- Individual investors are Amer Sports, Inc.'s (NYSE:AS) biggest owners and were hit after market cap dropped US$490m [Yahoo! Finance]Yahoo! Finance
- Amer Sports Reports First Quarter 2024 Financial Results, Company Updates Full Year Guidance [Yahoo! Finance]Yahoo! Finance
AS
Earnings
- 5/21/24 - Beat
AS
Sec Filings
- 5/21/24 - Form 6-K
- 5/21/24 - Form 6-K
- 4/12/24 - Form 6-K
- AS's page on the SEC website