Acushnet Holdings Corp

GOLF

Equity

ISIN US0050981085 / Valor 32978248

New York Stock Exchange, Inc (2024-12-26)

USD 71.49+1.06%

Acushnet Holdings Corp
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About company

Acushnet Holdings Corp is a leading manufacturer of golf equipment and accessories.

Summarized from source with an LLMView SourceSector: Business Services

Net Sales Performance

Acushnet Holdings Corp. reported net sales of $683.9 million for the second quarter of 2024, reflecting a slight decrease of 0.8% year over year. However, on a constant currency basis, net sales increased by 0.6%. Year-to-date net sales reached $1,391.4 million, marking a 1.1% increase from the previous year, or 2.3% in constant currency terms.

Net Income Decline

For the second quarter of 2024, Acushnet Holdings Corp. recorded a net income of $71.4 million, which is a 4.4% decrease compared to the same period in the previous year. Year-to-date net income also saw a decline, falling by 5.2% to $159.2 million.

Adjusted EBITDA

Acushnet Holdings Corp.'s Adjusted EBITDA for the second quarter of 2024 was $131.0 million, down 0.8% from the previous year. However, the year-to-date Adjusted EBITDA showed a positive trend, increasing by 2.1% to $284.7 million.

Dividend Announcement

The Board of Directors of Acushnet Holdings Corp. declared a quarterly cash dividend of $0.215 per share of common stock. This dividend is scheduled to be paid on September 20, 2024, to shareholders of record as of September 6, 2024.

Share Repurchase

During the second quarter of 2024, Acushnet Holdings Corp. repurchased 587,520 shares of its common stock on the open market at an average price of $63.83 per share, totaling $37.5 million. This repurchase was part of the company's ongoing efforts to return value to its shareholders.

Summarized from source with an LLMView Source

Key figures

11.9%1Y

38.3%3Y

119%5Y

Performance

29.2%1Y

31.4%3Y

33.4%5Y

Volatility