Acushnet Q2 net sales fall 0.8% to $683.9 million; net income down 4.4%
Acushnet Holdings reported second-quarter 2024 results in which net sales and net income both fell year over year, while Adjusted EBITDA was nearly flat at $131.0 million. The company reaffirmed its full-year 2024 outlook and declared a quarterly dividend of $0.215 per share. For shareholders, the quarter shows lower sales and profit, while the first six months show sales up 1.1% but net income down 5.2%.
Key points
- Q2 net sales were $683.9 million, down 0.8% year over year and up 0.6% in constant currency.
- Q2 net income attributable to Acushnet was $71.4 million, down 4.4%, primarily due to higher interest expense, net.
- Full-year 2024 outlook reaffirmed: net sales of approximately $2,450 million to $2,500 million and Adjusted EBITDA of approximately $385 million to $405 million.
- Quarterly dividend of $0.215 per share is payable September 20, 2024, to holders of record on September 6, 2024.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.