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.
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 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 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%).
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 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 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.
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 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 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 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%).
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