Recent 8-K filings for GOLF
Highest-materiality recent filing
Acushnet posts FY2024 net sales up 3.2%, Adj EBITDA up 7.5%; raises dividend 9.3% to $0.235; guides FY2025
- Full year net sales $2,457M (+3.2% YoY); gross margin 48.3% (+130bps); net income $214.3M (+$15.9M).
- Full year Adjusted EBITDA $404.4M (+7.5% YoY); margin 16.5% vs 15.8%.
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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.
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Full year net sales $2.56B (+4.1% YoY), net income $188.5M (-12%), adjusted EBITDA $410.4M (+1.5%).
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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.
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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.
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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.
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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.
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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).
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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%.
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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.
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Net sales $703.4M, down 0.6% YoY (+1.2% constant currency); Titleist golf equipment up 2.2% (3.8% constant currency).
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Full year net sales $2,457M (+3.2% YoY); gross margin 48.3% (+130bps); net income $214.3M (+$15.9M).
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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.
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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%).
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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.
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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%).
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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.
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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.
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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%.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.85 · Median 0.68 · Most common event earnings