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Amer Sports - 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 (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.

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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.

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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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NYSE:AS

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12.29B
182.92M
24.49%
30.72%
1.6%
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