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. (NYSE: AS) generates a steady flow of news as a global group of premium sports and outdoor brands. Company updates frequently focus on the performance of its portfolio, which includes Arc’teryx, Salomon, Wilson, Peak Performance, Atomic, and Armada. These brands operate across technical apparel, outdoor performance, and ball and racquet sports, giving Amer Sports multiple sources of operational and financial developments.
Investors following AS news can expect regular quarterly financial results releases. In these updates, Amer Sports reports revenue and margin trends by segment, discusses the contribution of Arc’teryx, Salomon footwear, Winter Sports Equipment, and Wilson Tennis 360, and provides guidance for the rest of the year. The company also uses these announcements to explain its non-IFRS metrics and to comment on factors such as tariffs and demand conditions.
Amer Sports’ news flow also includes guidance revisions and long-term planning updates. The company has outlined a long-term financial algorithm that describes targeted ranges for annual revenue growth and adjusted operating margin expansion at the group and segment levels, and it periodically reiterates or updates this framework in investor events and press releases.
Another recurring news theme is capital markets activity, including secondary offerings of Amer Sports ordinary shares by existing shareholders such as entities affiliated with FountainVest Partners. These announcements detail offering sizes, pricing, and the fact that Amer Sports is not issuing new shares in those transactions.
Visitors to this AS news page can review these earnings releases, guidance updates, investor day communications, and offering announcements in one place, helping them track how Amer Sports’ global portfolio of sports and outdoor brands is performing over time.
Amer Sports (NYSE: AS) reported strong Q2 2024 results, exceeding expectations. Revenue increased 16% to $994 million, with Technical Apparel up 34%. Gross margin improved 220 basis points to 55.5%. Despite a small operating loss, adjusted operating profit rose 40% to $29 million. The company raised its full-year 2024 guidance, projecting 15-17% revenue growth and operating margin towards the high end of 10.5-11.0%. For Q3 2024, Amer Sports expects 12-13% revenue growth and 11.0-12.0% operating margin. Key brands like Arc'teryx showed exceptional growth, while Wilson returned to growth with a strong product pipeline for H2 2024.
Amer Sports, a global group of iconic sports and outdoor brands, has announced its plans to report second quarter 2024 financial results on Tuesday, August 20, 2024, before the market opens. The company will host a webcast with management at 8:00 a.m. Eastern Time on the same day. Investors and interested parties can access the webcast through the company's website in the Investor Relations section. For those unable to attend the live event, a replay of the conference call will be available approximately three hours after its conclusion on the same webpage.
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%.
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.
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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