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Jun 30, 2024
Acushnet Q2 2024 Earnings Report
Acushnet reported a slight decrease in net sales but demonstrated growth in key segments and regions.
Key Takeaways
Acushnet Holdings Corp. announced its second quarter results with net sales of $683.9 million, a slight decrease of 0.8% year-over-year, but an increase of 0.6% in constant currency. Net income attributable to Acushnet Holdings Corp. was $71.4 million, down 4.4% year-over-year. The company reaffirmed its full-year 2024 outlook, expecting consolidated net sales of approximately $2,450 to $2,500 million and Adjusted EBITDA of approximately $385 to $405 million.
Net sales decreased by 0.8% year-over-year, but increased by 0.6% in constant currency.
Net income attributable to Acushnet Holdings Corp. decreased by 4.4% year-over-year.
Titleist golf balls net sales increased by 4.2%, driven by higher sales volumes of Pro V1 and Pro V1x, and the latest generation AVX golf balls.
The company reaffirmed its full-year 2024 outlook.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is reaffirming its full-year 2024 outlook and expects full year consolidated net sales to be approximately $2,450 to $2,500 million and Adjusted EBITDA to be approximately $385 to $405 million. On a constant currency basis, consolidated net sales are expected to increase 3.2% to 5.3%.
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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