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Amer Sports, Inc. - AS STOCK NEWS

Welcome to our dedicated page for Amer Sports news (Ticker: AS), a resource for investors and traders seeking the latest updates and insights on Amer Sports stock.

Amer Sports, Inc. (symbol: AS) is a diversified group of renowned sports and outdoor lifestyle brands. Their portfolio includes iconic names such as Arc'teryx, Salomon, Wilson, Atomic, Peak Performance, Armada, ENVE, Louisville Slugger, DeMarini, EvoShield, and ATEC. The company operates across three core segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

The Outdoor Performance segment, which is a significant revenue driver, encompasses outdoor apparel, footwear, accessories, and winter sports equipment, notably through its Salomon, Atomic, Armada, and ENVE brands. Amer Sports generates a majority of its revenue from the Americas, complemented by substantial contributions from Europe, the Middle East and Africa, Greater China, and the Asia-Pacific regions.

Amer Sports has recently been focusing on expanding their market presence and improving product innovation. Noteworthy achievements include advancements in winter sports technology and enhanced performance gear, which have strengthened their market position and customer base. The company's strategic partnerships and collaborations have further bolstered their growth and innovation in the sports and outdoor sector.

Financially, Amer Sports maintains a stable outlook with continuous revenue growth, driven by robust demand across its diverse brand portfolio. Their commitment to quality and performance has made them a leading name in the sports and outdoor industry.

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Amer Sports (NYSE: AS) reported a 13% year-over-year revenue increase for Q1 2024, reaching $1.2 billion, driven by a 44% surge in the Technical Apparel segment, largely attributed to the Arc'teryx brand. Despite strong revenue growth, net income decreased to $7 million from $19 million in Q1 2023, with diluted EPS dropping to $0.01 from $0.05. Gross margin improved by 110 basis points to 54.3%. However, SG&A expenses rose significantly, impacting operating profit, which fell to $109 million from $130 million.

Net debt was reduced to $1.7 billion from IPO proceeds. Full-year 2024 guidance includes mid-teens revenue growth, a gross margin of 54%, and an operating margin between 10.5% and 11%. For Q2 2024, expected revenue growth is approximately 10% with an operating margin of 0.0%.

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Amer Sports, Inc. will report its first quarter 2024 financial results on May 21, 2024. The company, known for its iconic sports and outdoor brands, will host a webcast with management at 8:00 a.m. Eastern Time. Investors can access the webcast and replay on the company's Investor Relations website.

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Crewe Capital advised PV3 Investments in acquiring ENVE Composites, a US cycling manufacturer, from Amer Sports. ENVE, known for its all-American manufacturing of high-tech biking products, will continue its operations in Utah under PV3's ownership. The acquisition reflects PV3's commitment to supporting ENVE's growth and maintaining its position in the market.

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Amer Sports, Inc. filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 with the SEC. The report can be accessed on the company's investor relations website and the SEC's website. Security holders can request a hard copy of the audited financial statements for free.
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Amer Sports Inc. (NYSE: AS) announced strong financial results for Q4 2023 and full-year 2023, with revenues at the high-end of or above preliminary flash results. The company reported a 23% revenue increase to $4.37 billion for 2023, led by growth in Greater China and APAC. Amer Sports completed an IPO on NYSE and refinanced $1.8 billion in debt in February 2024.
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Amer Sports, Inc. will report its Q4 and full year 2023 financial results on March 5, 2024, followed by an earnings call. Investors can access the webcast on the company's Investor Relations website.
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Amer Sports, Inc., a global group of iconic sports and outdoor brands, announced an upsized offering of $800 million aggregate principal amount of 6.75% senior secured notes due 2031. The offering reflects a $200 million increase from the previously announced size. The net proceeds will be used to repay outstanding indebtedness under existing credit facilities and bilateral credit facility.
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Amer Sports, Inc. has announced a private offering of $600 million aggregate principal amount of new senior secured notes due 2031, along with a new credit agreement and new senior secured credit facilities. The net proceeds from the offering and credit facilities will be used to repay outstanding indebtedness and for general corporate purposes. The offering is subject to market and other conditions, and the Notes will not be registered under the Securities Act.
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Amer Sports, Inc. has announced the pricing of its initial public offering of 105,000,000 ordinary shares at a public offering price of $13.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 15,750,000 ordinary shares. The ordinary shares are expected to begin trading on the New York Stock Exchange on February 1, 2024 under the symbol 'AS'. The closing of the offering is expected to occur on February 5, 2024, subject to customary closing conditions. Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan, and Morgan Stanley are acting as joint book-running managers for the offering.
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Amer Sports, Inc. has announced the launch of its initial public offering of 100,000,000 ordinary shares, with an option for the underwriters to purchase an additional 15,000,000 shares. The initial public offering price is expected to be between $16.00 and $18.00 per share, and the company has been approved to list its ordinary shares on the New York Stock Exchange under the symbol 'AS'. The proposed offering is subject to market conditions, and the actual size or terms of the offering are uncertain.
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FAQ

What brands are part of Amer Sports, Inc.?

Amer Sports includes brands like Arc'teryx, Salomon, Wilson, Atomic, Peak Performance, Armada, ENVE, Louisville Slugger, DeMarini, EvoShield, and ATEC.

What are the main business segments of Amer Sports?

Amer Sports operates in three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.

Which segment is the primary revenue driver for Amer Sports?

The Outdoor Performance segment is the primary revenue driver, encompassing outdoor apparel, footwear, accessories, and winter sports equipment.

In which regions does Amer Sports generate most of its revenue?

Amer Sports generates most of its revenue from the Americas, with additional significant contributions from Europe, the Middle East and Africa, Greater China, and Asia-Pacific regions.

What recent achievements has Amer Sports made?

Recent achievements include advancements in winter sports technology and enhanced performance gear, improving their market position.

What financial condition is Amer Sports in?

Amer Sports maintains a stable financial outlook with continuous revenue growth driven by strong demand across its diverse brand portfolio.

What partnerships have benefitted Amer Sports recently?

Strategic partnerships and collaborations have bolstered Amer Sports' growth and innovation in the sports and outdoor sector.

What is included in Amer Sports' Outdoor Performance segment?

The Outdoor Performance segment includes outdoor apparel, footwear, accessories, and winter sports equipment from brands like Salomon, Atomic, Armada, and ENVE.

How does Amer Sports maintain its market position?

Amer Sports maintains its market position through product innovation, quality, and strategic partnerships.

What makes Amer Sports a leader in the sports and outdoor industry?

Their commitment to quality, performance, and a diverse brand portfolio makes Amer Sports a leader in the industry.

Amer Sports, Inc.

NYSE:AS

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6.04B
505.25M
72.82%
21.52%
1.42%
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