secwatch.observer — SEC 8-K summary
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Issuer:     Acushnet Holdings Corp. (GOLF)
CIK:        0001672013
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001672013-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acushnet FY2023 net sales +4.9% to $2.38B; Adj EBITDA +11.1%; raises dividend 10.3%
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- Full year net sales $2.382B, up 4.9% (6.2% constant currency); Adjusted EBITDA $376.1M, up 11.1%.
- Q4 net sales $413M, down 7.7% (8.6% constant currency); net loss $26.8M vs $0.1M loss year ago.
- Quarterly dividend increased 10.3% to $0.215/share; Board authorized $300M additional share repurchase.
- 2024 outlook: net sales $2.45-2.50B, Adjusted EBITDA $385-405M; constant currency growth 3.2-5.3%.
- Titleist golf balls led growth (Pro V1 launch); FootJoy footwear sales declined partially offset by apparel.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672013/000167201324000006/0001672013-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672013/000167201324000006/golf-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001672013-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer