secwatch.observer — SEC 8-K summary
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Issuer:     Acushnet Holdings Corp. (GOLF)
CIK:        0001672013
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001672013-24-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672013/000167201324000043/0001672013-24-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672013/000167201324000043/golf-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001672013-24-000043

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