Q2 net sales +4.7% to $689.4M, adj EBITDA +24% to $132.1M, guidance raised

Acushnet Holdings Corp.

2023-Q2 EPS reported $2.45 revenue$1,375,653,000

Q2 net sales $689.4M (+4.7% YoY, +6.4% constant currency); net income $74.7M (+12.3% YoY).
Q2 Adjusted EBITDA $132.1M (+24% YoY); margin 19.2% vs 16.2% prior year.
Titleist golf ball sales +18% (+19.8% cc); golf clubs +14.5% (+16.3% cc).
Dividend $0.195/share payable Sept 15 to holders of record Sept 1; open-market repurchased 482,500 shares for $24M.
FY 2023 guidance raised: net sales now $2.35-2.4B (prev $2.325-2.375B), Adj EBITDA $355-375M (prev $345-365M).

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 1.0

Acushnet Holdings Corp. reported the second quarter and six months ended June 30, 2023 results: revenue $689.4 million (Q2), $1,375.7 million (YTD), net income $74.7 million (Q2), $167.9 million (YTD).

Period: the second quarter and six months ended June 30, 2023
Revenue: $689.4 million (Q2), $1,375.7 million (YTD)
Net income: $74.7 million (Q2), $167.9 million (YTD)
Result: reported results

Exact text from the filing

Holdings Corp. Announces Second Quarter and Year-to-Date 2023 Financial Results Second Quarter and Year-to-Date 2023 Financial Results • Second quarter net sales of $689.4 million, up 4.7% year over year, up 6.4% in constant currency • Year-to-date net sales of $1,375.7 million, up 8.8% year over year, up 11.6% in constant currency • Second quarter net

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Source: SEC EDGAR

accession 0001672013-23-000060

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