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 (AS) delivers premium sports apparel and outdoor equipment through its portfolio of globally recognized brands. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and product innovations.
Access official press releases covering earnings reports, strategic partnerships, leadership updates, and technological advancements. Our curated selection ensures you stay informed about market positioning in the competitive sports and outdoor industry.
Key updates include product launches across performance footwear and winter sports gear, sustainability initiatives, and regional expansion efforts. All content is verified through primary sources to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Amer Sports' latest announcements. Check regularly for insights into how the company maintains its leadership in athletic innovation and global brand management.
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.