Acushnet Q2 net sales $683.9M (-0.8% YoY), net income $71.4M (-4.4%); reaffirms FY outlook

Acushnet Holdings Corp.

2024-Q2 EPS reported $2.47 revenue$1,391,421,000

Q2 net sales $683.9M (-0.8% YoY, +0.6% constant currency); net income $71.4M (-4.4%); Adj. EBITDA $131.0M (-0.8%).
Titleist golf balls net sales +4.2% (+5.3% constant currency); golf clubs -5.6% (-4.1% constant currency) in Q2.
Board declared quarterly dividend $0.215/share, payable Sep 20 to holders of record Sep 6.
Repurchased 587,520 shares at $63.83 avg in Q2; new agreement with Magnus to buy up to $62.5M through Dec 31.
FY 2024 outlook reaffirmed: net sales ~$2,450-$2,500M, Adj. EBITDA ~$385-$405M.

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