secwatch.observer — SEC 8-K summary
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Issuer:     Acushnet Holdings Corp. (GOLF)
CIK:        0001672013
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001672013-23-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acushnet Q3 net sales up 6.3% to $593M; Adj. EBITDA up 14.2% to $98.8M; narrows FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672013/000167201323000068/0001672013-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672013/000167201323000068/golf-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001672013-23-000068

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