Highest-materiality recent filing
Acushnet Q2 net sales up 13.8% to $820M; raises FY2026 guidance
Q2 net sales $820.0M (+13.8% YoY); net income $124.8M (+65.1%) on IEEPA tariff refunds.
Acushnet shareholders elect all 8 director nominees and ratify PwC at 2026 annual meeting
David Maher, Yoon Soo (Gene) Yoon, Leanne Cunningham, Gregory Hewett, Ho Yeon (Aaron) Lee, Jan Singer, Steven Tishman, Keun Chang (Kevin) Yoon elected with 48M-55M votes for each.
Acushnet enters agreement to repurchase up to $52.5M of stock from Magnus Holdings
Magnus holds 29,523,653 shares; will sell to Acushnet on a share-for-share basis with public repurchases.
Net sales $753M, up 7.1% YoY (4.8% constant currency); net income $81.4M, down 18.1% due to $20.9M non-cash gain in Q1 2025 from FootJoy JV deconsolidation.
Full year net sales $2.56B (+4.1% YoY), net income $188.5M (-12%), adjusted EBITDA $410.4M (+1.5%).
Acushnet forms Vietnam footwear JV with Myre; holds 40% stake, exclusive global distribution
Acushnet Cayman (Acushnet subsidiary) and Myre Overseas Corp. formed JV ACL FootJoy Pte. Ltd. to manufacture footwear in Vietnam under Acushnet brands.
Acushnet issues $500M 5.625% notes due 2033, refinances $350M 7.375% notes
Issued $500M of 5.625% senior notes due Dec 1, 2033; proceeds used to redeem $350M of 7.375% 2028 notes at 103.688% plus accrued interest.
Acushnet to raise $500M senior notes due 2033; targets net leverage below 2.25x
Issuer intends to offer $500M senior notes due 2033; proceeds to refinance existing debt.
Acushnet prices $500M senior notes at 5.625%, proceeds to redeem existing $350M 7.375% notes
$500M senior notes due Dec 1, 2033; interest 5.625% paid semi-annually.
Acushnet Q3 sales +6% to $657.7M, net income -13.7%; FY guidance updated
Q3 net sales $657.7M (+6.0% YoY); net income $48.5M (-13.7% YoY); Adj. EBITDA $118.6M (+10.4% YoY).
Acushnet Q2 net sales up 5.4% to $720.5M, net income up 5.9% to $75.6M
Q2 net income attributable to Acushnet of $75.6M, up 5.9%; Adjusted EBITDA $143.1M, up 9.2%.
Shareholders approve 1.266M share increase to Acushnet equity plan; all directors elected
Shareholders approved Amended & Restated 2015 Omnibus Incentive Plan, adding 1.266M shares and extending term to 2035.
Net sales $703.4M, down 0.6% YoY (+1.2% constant currency); Titleist golf equipment up 2.2% (3.8% constant currency).
Full year net sales $2,457M (+3.2% YoY); gross margin 48.3% (+130bps); net income $214.3M (+$15.9M).
Acushnet enters stock repurchase agreement to buy up to $62.5M from shareholder Magnus Holdings
Agreement with Magnus Holdings Co., Ltd. to repurchase up to $62.5M of common stock on a share-for-share basis.
Acushnet Q3 net sales up 4.6% to $620.5M, Adj. EBITDA up 8.7%, narrows FY EBITDA guidance upward
Q3 net sales $620.5M (+4.6% YoY); net income $56.2M (-1.9%); Adj. EBITDA $107.4M (+8.7%).
Magnus Holdings sells 1.11M shares of Acushnet; retains 50.7% stake with 30-day lock-up
Magnus Holdings sold 1,110,000 shares of Acushnet common stock on Aug 9, 2024 via Rule 144 transaction.
Acushnet Q2 net sales $683.9M (-0.8% YoY), net income $71.4M (-4.4%); reaffirms FY outlook
Q2 net sales $683.9M (-0.8% YoY, +0.6% constant currency); net income $71.4M (-4.4%); Adj. EBITDA $131.0M (-0.8%).
Acushnet enters $62.5M stock repurchase agreement with Magnus Holdings
Agreement to repurchase up to $62.5M of GOLF common stock from Magnus Holdings on share-for-share basis with open-market repurchases.
Acushnet shareholders elect all nominees, ratify PwC, approve say-on-pay at 2024 annual meeting
All eight director nominees elected; Kevin Yoon received the fewest for votes (48,051,862) among the slate.
Acushnet Q1 net sales $707.6M (+3.1%), adj. EBITDA $153.7M (+4.7%)
Net sales $707.6M, up 3.1% YoY (up 4.0% constant currency); net income $87.8M, down 5.9%.
Acushnet enters agreement to repurchase up to $37.5M of stock from Magnus Holdings under 10b5-1 plan
Agreement with Magnus Holdings (33.1M shares held) to repurchase up to $37.5M of common stock on a share-for-share basis with open market purchases.
Acushnet FY2023 net sales +4.9% to $2.38B; Adj EBITDA +11.1%; raises dividend 10.3%
Full year net sales $2.382B, up 4.9% (6.2% constant currency); Adjusted EBITDA $376.1M, up 11.1%.
Acushnet Q3 net sales up 6.3% to $593M; Adj. EBITDA up 14.2% to $98.8M; narrows FY guidance
Q3 net income $57.3M (+10.6%); YTD net income $225.2M (+13.0%).
Acushnet issues $350M of 7.375% senior notes due 2028 to repay revolver borrowings
Acushnet Company issued $350M in gross proceeds of 7.375% senior notes due October 15, 2028.
Acushnet subsidiary prices $350M senior notes at 7.375% due 2028
Issuer Acushnet Company priced $350M senior notes due October 15, 2028.
Acushnet subsidiary plans $350M senior note offering due 2028
Wholly-owned subsidiary Acushnet Company to issue $350M of senior notes due 2028.
Q2 net sales +4.7% to $689.4M, adj EBITDA +24% to $132.1M, guidance raised
Q2 net sales $689.4M (+4.7% YoY, +6.4% constant currency); net income $74.7M (+12.3% YoY).
Acushnet amends bylaws to align with universal proxy rules and DGCL updates
Stockholders must appear in person at annual meetings to nominate directors or propose business.
Acushnet Holdings signs $100M stock repurchase with Magnus, names new Principal Accounting Officer
Signed stock repurchase agreement with Magnus Holdings to buy up to $100M of common stock on a share-for-share basis.
Acushnet Q1 net sales $686.3M (+13.2% YoY); net income $93.3M, Adjusted EBITDA $146.8M
Q1 net sales of $686.3M, up 13.2% YoY (17.2% constant currency); net income $93.3M, up 15.2%.
Acushnet names Sean Sullivan as EVP and CFO effective June 1, 2023
Sean Sullivan appointed EVP and CFO, effective June 1, 2023; he will resign from Board same date.
Acushnet Holdings CFO Thomas Pacheco to resign effective August 15, 2023
Thomas Pacheco resigns as EVP, CFO and CAO effective Aug 15, 2023; resignation not due to any disagreement.
Full year net sales $2.27B (+5.7% YoY, +11.2% constant currency); net income $199.3M (+11.4% YoY); Adjusted EBITDA $338.4M (+3.1% YoY).
Acushnet Q3 net sales $558.2M (+7% YoY), net income $51.8M (+31.8%), narrows FY 2022 outlook
Q3 net sales up 7.0% YoY (13.5% constant currency); net income +31.8% to $51.8M; Adjusted EBITDA +23% to $86.5M.
Acushnet increases structured repurchase from shareholder Magnus to $100M from $75M
Increased repurchase commitment from Magnus to $100M, up from $75M, under existing $450M authorization.
Acushnet Q2 sales up 5.4% to $658.6M; raises FY sales outlook; net income down 18%
Q2 net sales $658.6M (+5.4% YoY, +10.6% constant currency); net income $66.5M (-18% YoY).
Acushnet fills board vacancy with Aaron Lee
Aaron Lee appointed to Acushnet's Board on July 26, 2022, succeeding Jennifer Estabrook who resigned.
Director Jennifer Estabrook resigns from Acushnet board effective July 26, 2022
Jennifer Estabrook notified the board of her resignation on July 14, 2022, effective July 26, 2022.
Acushnet signs $75M structured share repurchase agreement with large holder Magnus Holdings
Company to buy up to $75M of its common stock from Magnus Holdings on a share-for-share basis with open market repurchases.
Acushnet Holdings reports annual meeting voting results; all proposals approved
Directors elected: Maher, Yoon, Estabrook, Hewett, Singer, Sullivan, Tishman, K. Yoon.
Acushnet Q1 net sales up 4.3% to $606.1M; adjusted EBITDA down 11.3% to $120.0M
Net sales $606.1M (+4.3% YoY, +7.6% constant currency); net income $81.0M (-4.7%).
Acushnet reports 33% full-year net sales growth; Q4 net loss of $26.4M; raises dividend
Full year net sales $2,147.9M (+33.2% YoY); net income $178.9M (+86.4%).
Walter Uihlein to retire from Acushnet Holdings board effective Dec 31, 2021
Walter Uihlein, former President and CEO, notified board of retirement effective Dec 31, 2021.
Acushnet appoints Jan Singer to board, expanding to nine members
Board increased from 8 to 9 directors; Jan Singer appointed to fill new vacancy effective Nov 15, 2021.
Acushnet enters $37.5M share repurchase agreement with major shareholder Magnus Holdings
Company will repurchase up to $37.5M of common stock from Magnus on share-for-share basis with open market purchases.
Acushnet Q3 net sales up 8% to $521.6M; net income down 37.8% YoY; raises FY2021 guidance
Q3 net sales $521.6M (+8.0% YoY, +25% vs 2019); net income $39.3M (-$23.9M YoY).
Acushnet Q2 net sales $624.9M (+108% YoY); FY outlook $1.93-1.99B, EBITDA $285-305M
Q2 net sales $624.9M (+108.3% YoY); net income $81.1M vs $2.3M; Adj. EBITDA $127.8M (+286.1%).
On June 5, 2023, the board of directors (the "Board") of the Company appointed Nicholas Mohamed, its Vice President and Controller, as the Company's Principal Accounting Officer, effective immediately.
Mr. Sean Sullivan, who resigned from the Board effective June 1, 2023
who resigned from his position as Chief Financial Officer and Chief Accounting Officer (as previously disclosed in the Company’s Current Report on Form 8-K filed on March 24, 2023), effective as of June 1, 2023.
Mr. Sullivan informed the Company of his intent to resign from the Board, effective June 1, 2023.
Thomas Pacheco, the Company’s current Executive Vice President, Chief Financial Officer and Chief Accounting Officer, will resign from his position (as previously disclosed in the Company’s March 24, 2023 8-K filing), effective as of June 1, 2023, but will remain with the Company in a transitional role until August 15, 2023.
On April 3, 2023, Sean Sullivan accepted an offer from Acushnet Holdings Corp. (the “Company”) to become its Executive Vice President and Chief Financial Officer.
On March 20, 2023, Thomas Pacheco informed Acushnet Holdings Corp. (the “Company”) of his intent to resign as Executive Vice President, Chief Financial Officer and Chief Accounting Officer of the Company effective August 15, 2023 to pursue other interests.
filling the vacancy left by the resignation of Ms. Jennifer Estabrook
On July 26, 2022, the board of directors (the “Board”) of Acushnet Holdings Corp. (the “Company”) appointed Mr. Ho Yeon (Aaron) Lee to the Board
On July 14, 2022, Jennifer Estabrook notified Acushnet Holdings Corp. (the “Company”) of her intent to resign from the board of directors of the Company (the “Board”), effective as of July 26, 2022.
On December 6, 2021, Walter Uihlein notified Acushnet Holdings Corp. (the “Company”) of his intent to retire from the board of directors of the Company (the “Board”), effective as of December 31, 2021.
On November 15, 2021, the board of directors (the “Board”) of Acushnet Holdings Corp. (the “Company”) increased the size of the Board from eight directors to nine directors and appointed Ms. Jan Singer to fill the newly-created vacancy, effective immediately.
Max materiality 0.85 · Median 0.68 · Most common event earnings