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Jun 30, 2020
Acushnet Q2 2020 Earnings Report
Acushnet's Q2 2020 financial performance was significantly impacted by the COVID-19 pandemic, with net sales and net income decreasing year-over-year.
Key Takeaways
Acushnet Holdings Corp. reported a decrease in net sales by 35.1% year-over-year to $300.0 million for the second quarter of 2020, primarily due to the impact of the COVID-19 pandemic. Net income attributable to Acushnet Holdings Corp. decreased by 94.0% year-over-year to $2.3 million. Adjusted EBITDA was $33.1 million, a decrease of 56.3% year-over-year.
Net sales decreased by 35.1% year-over-year due to the COVID-19 pandemic.
Net income attributable to Acushnet Holdings Corp. decreased by 94.0% year-over-year.
Adjusted EBITDA decreased by 56.3% year-over-year.
The company withdrew all previously issued fiscal 2020 guidance due to the high degree of uncertainty related to the COVID-19 pandemic.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Given the high degree of uncertainty related to the COVID-19 pandemic, the Company has withdrawn all previously issued fiscal 2020 guidance and the Company is not providing further guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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