Acushnet Q3 net sales $558.2M (+7% YoY), net income $51.8M (+31.8%), narrows FY 2022 outlook

Acushnet Holdings Corp.

2022-Q3 EPS reported $2.72 revenue$1,822,932,000

Q3 net sales up 7.0% YoY (13.5% constant currency); net income +31.8% to $51.8M; Adjusted EBITDA +23% to $86.5M.
YTD net sales $1,822.9M (+5.5% YoY), net income $199.3M (-2.9% YoY), Adjusted EBITDA $313.0M (-6.1%).
Board declared $0.18/share quarterly dividend, payable Dec 16, 2022 to holders of record Dec 2, 2022.
Repurchased 869,368 shares in Q3 at avg $47.82 for $41.6M; expanded share buyback from Magnus to $100M.
Narrows FY 2022 outlook: net sales ~$2,225-$2,250M (prev $2,200-$2,250M); Adjusted EBITDA ~$325-$335M (prev $325-$345M).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Acushnet Holdings Corp. reported financial results for third quarter and nine months ended September 30, 2022.

Period: third quarter and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 3, 2022, Acushnet Holdings Corp. (the “Company”) issued a press release announcing the Company’s results of operations for the third quarter and nine months ended September 30, 2022.

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Acushnet Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001672013-22-000055

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