Q4 2024 Amer Sports Inc Earnings Call Transcript
Key Points
- Amer Sports Inc (AS) reported a strong fourth quarter with sales, adjusted margins, and EPS exceeding expectations.
- The company achieved 23% sales growth and over 300 basis points of adjusted operating margin expansion in Q4.
- Arc'teryx, Salomon, and Wilson brands showed accelerating momentum, contributing to the company's overall growth.
- Greater China and APAC regions delivered strong growth, with EMEA and North America also accelerating.
- The company reduced its leverage significantly, ending the quarter with $600 million of net debt, down from $2.0 billion at the end of Q3.
- Expected FX headwinds are anticipated to slightly weigh on the 2025 reported financial results.
- Winter sports equipment segment faced challenges due to soft reorders in Europe and poor snow conditions.
- The ball & racquet segment, despite strong growth, is expected to grow only low-to-mid single digits long term.
- The company faces potential impacts from new tariffs on imports from China, Canada, Mexico, and Vietnam.
- Adjusted SG&A expenses as a percentage of revenues deleveraged by 20 basis points, indicating increased investments to support growth.
Thank you for standing by. At this time, I would like to welcome everyone to today's Amer Sports fourth quarter full year 2024 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.
I'd now like to turn the call over to Omar Saad, SVP Capital Markets and Investor Relations. Omar, please go ahead.
Hello, everyone. Thanks for joining Amer Sports earnings call for the fourth quarter of fiscal year 2024. Earlier this morning, we announced our financial results for the quarter and year ended December 31, 2024, and the release can be found on our IR website, investors.amersports.com.
A quick reminder to everyone that today's call will contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements reflect our current expectations and beliefs only and are subject to
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