secwatch.observer — SEC 8-K summary
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Issuer:     Acushnet Holdings Corp. (GOLF)
CIK:        0001672013
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001672013-22-000055
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672013/000167201322000055/0001672013-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672013/000167201322000055/golf-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001672013-22-000055

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