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Jun 30, 2022
Acushnet Q2 2022 Earnings Report
Acushnet's second-quarter performance was driven by growth across all segments, reflecting product innovation and consumer demand.
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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