Loading...
•
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.
Acushnet
Acushnet
Acushnet Revenue by Segment
Acushnet Revenue by Geographic Location
Revenue by Segment
Titleist golf equipment Revenue
CapyFin.comFootJoy golf wear Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comEMEA Revenue
CapyFin.comJapan Revenue
CapyFin.comKorea Revenue
CapyFin.comRest of World Revenue
CapyFin.com 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Given the high degree of uncertainty related to the COVID-19 pandemic, the Company has withdrawn all previously issued fiscal 2020 guidance and the Company is not providing further guidance at this time.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