8-K
filed November 2, 2023, 7:59 PM ET
ticker GOLF
CIK 0001672013
earnings
confidence high
sentiment positive
materiality 0.80
Acushnet Q3 net sales up 6.3% to $593M; Adj. EBITDA up 14.2% to $98.8M; narrows FY guidance
Acushnet Holdings Corp.
2023-Q3 EPS reported
$3.30
revenue$1,969,034,000
- Q3 net income $57.3M (+10.6%); YTD net income $225.2M (+13.0%).
- Titleist golf clubs sales up 17.6%; golf balls up 6.3%; golf gear down 19.4%; FootJoy up 3.8%.
- Completed $350M 7.375% senior notes due 2028, proceeds to repay revolver.
- Declared $0.195/share dividend (payable Dec 15, record Dec 1); repurchased 1.54M shares for $85.1M in Q3 and Oct.
- FY 2023 guidance: net sales reaffirmed $2,350-$2,400M; Adj. EBITDA narrowed to $365-$375M.
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 nine months ended September 30, 2023 results: revenue $1,969.0 million, net income $225.2 million. Guidance reaffirmed.
- Period
- nine months ended September 30, 2023
- Revenue
- $1,969.0 million
- Net income
- $225.2 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Quarter and Year-to-Date 2023 Financial Results • Third quarter net sales of $593.4 million, up 6.3% year over year, up 6.0% in constant currency • Year-to-date net sales of $1,969.0 million, up 8.0% year over year, up 9.9% in constant currency • Third quarter net income attributable to Acushnet Holdings Corp. of $57.3 million, up 10.6% year over year • Year-to-date
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Acushnet Holdings Corp. reported three months ended September 30, 2023 results: revenue $593.4 million, net income $57.3 million. Guidance reaffirmed.
- Period
- three months ended September 30, 2023
- Revenue
- $593.4 million
- Net income
- $57.3 million
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
--- Acushnet Holdings Corp. Announces Third Quarter and Year-to-Date 2023 Financial Results Third Quarter and Year-to-Date 2023 Financial Results • Third quarter net sales of $593.4 million, up 6.3% year over year, up 6.0% in constant currency • Year-to-date net sales of $1,969.0 million, up 8.0% year over year, up 9.9% in constant currency • Third quarter net
View on SEC.gov
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