Amer Sports, Inc. reported robust financial results for Q3 2024, with revenue increasing 17.4% to $1.35 billion. Net income attributable to equity holders reached $55.8 million, compared to a loss of $37.7 million in Q3 2023. Adjusted EBITDA grew 44.4% to $255.4 million, with margin expanding to 18.9%.The Technical Apparel segment led growth with a 33.8% revenue increase, driven by strong DTC performance. Outdoor Performance and Ball & Racquet Sports segments also showed solid growth. The company's DTC channel saw a 40.7% revenue increase, while wholesale revenues grew 7.6%.Amer Sports maintained a strong liquidity position with $312.0 million in cash and cash equivalents. The company refinanced its debt structure in February 2024, issuing $800 million in senior secured notes and entering into new credit facilities. Management expects continued growth and is increasing capital expenditures to support expansion initiatives.

Amer Sports, Inc. reported robust financial results for Q3 2024, with revenue increasing 17.4% to $1.35 billion. Net income attributable to equity holders reached $55.8 million, compared to a loss of $37.7 million in Q3 2023. Adjusted EBITDA grew 44.4% to $255.4 million, with margin expanding to 18.9%.The Technical Apparel segment led growth with a 33.8% revenue increase, driven by strong DTC performance. Outdoor Performance and Ball & Racquet Sports segments also showed solid growth. The company's DTC channel saw a 40.7% revenue increase, while wholesale revenues grew 7.6%.Amer Sports maintained a strong liquidity position with $312.0 million in cash and cash equivalents. The company refinanced its debt structure in February 2024, issuing $800 million in senior secured notes and entering into new credit facilities. Management expects continued growth and is increasing capital expenditures to support expansion initiatives.