Acushnet Q2 2022 Earnings Report
Key Takeaways
Acushnet Holdings Corp. reported a 5.4% increase in net sales for the second quarter of 2022, reaching $658.6 million. Net income attributable to Acushnet Holdings Corp. decreased by 18.0% to $66.5 million, and Adjusted EBITDA decreased by 16.7% to $106.5 million. The company is raising its full year sales outlook, while maintaining its adjusted EBITDA guidance.
Second quarter net sales increased by 5.4% year over year, or 10.6% in constant currency.
Net income attributable to Acushnet Holdings Corp. decreased by 18.0% year over year.
Adjusted EBITDA decreased by 16.7% year over year.
Share repurchase program authorization increased by $100.0 million in July.
Acushnet
Acushnet
Acushnet Revenue by Segment
Acushnet Revenue by Geographic Location
Forward Guidance
The Company now expects full-year consolidated net sales to be approximately $2,200 to $2,250 million. For the full-year, Adjusted EBITDA is still expected to be approximately $325 to $345 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income