Acushnet Q1 net sales $686.3M (+13.2% YoY); net income $93.3M, Adjusted EBITDA $146.8M

Acushnet Holdings Corp.

2023-Q1 EPS reported $1.36 revenue$686,290,000

Q1 net sales of $686.3M, up 13.2% YoY (17.2% constant currency); net income $93.3M, up 15.2%.
Adjusted EBITDA $146.8M, up 22.3% YoY; margin improved to 21.4% from 19.8%.
Titleist golf balls +17.2%, clubs +12.4%, gear +51.9%; FootJoy +3.9%.
Board declared $0.195/share quarterly dividend, payable June 16, record June 2.
FY 2023 outlook affirmed: net sales $2.325B-$2.375B, Adjusted EBITDA $345M-$365M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Acushnet Holdings Corp. reported first quarter ended March 31, 2023 results: revenue $686.3 million, net income Net income attributable to Acushnet Holdings Corp. of $93.3 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $686.3 million
Net income: Net income attributable to Acushnet Holdings Corp. of $93.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

filing. --- EX-99.1 (EX-99.1) --- Acushnet Holdings Corp. Announces First Quarter 2023 Financial Results First Quarter 2023 Financial Results • First quarter net sales of $686.3 million, up 13.2% year over year, up 17.2% in constant currency • First quarter net income attributable to Acushnet Holdings Corp. of $93.3 million, up 15.2% year over year • First

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Source: SEC EDGAR

accession 0001672013-23-000040

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