earnings
confidence high
sentiment neutral
materiality 0.75
Acushnet Q2 sales up 5.4% to $658.6M; raises FY sales outlook; net income down 18%
Acushnet Holdings Corp.
2022-Q2 EPS reported
$2.00
revenue$1,264,686,000
- Q2 net sales $658.6M (+5.4% YoY, +10.6% constant currency); net income $66.5M (-18% YoY).
- Q2 Adj. EBITDA $106.5M (-16.7% YoY); margin 16.2% vs 20.4% prior year.
- FY2022 net sales guidance raised to $2.20-2.25B; Adj. EBITDA reaffirmed at $325-345M.
- Board increased share repurchase authorization by $100M to $450M total; $0.18 quarterly dividend declared.
- Q2 repurchased 950,225 shares for $39.1M; new agreement with Magnus (Fila) for up to $75M.