Acushnet Holdings reports Q2 EPS $1.11, consensus $1.20

Reports Q2 revenue $683.9M, consensus $709.83M. “Acushnet continued to execute its growth strategies in the second quarter and, through the first six months of the year, the team delivered a 2% increase in both constant currency net sales and Adjusted EBITDA, consistent with our expectations. These first half gains were driven by growth in Titleist golf balls and golf clubs,” said CEO David Maher. “There remains strong participation and enthusiasm for the game of golf, particularly in the U.S. where rounds of play were up 2% year-to-date. Rounds outside the U.S. are resilient but down slightly as several markets started slowly due to poor spring weather. As we look ahead to the second half of the year, we are excited to launch new Titleist GT drivers and fairway metals, which are already seeing success across the global professional tours, and new products from FootJoy and KJUS for the fall and winter seasons. I would like to thank our team of Acushnet associates as they remain dedicated to delivering long-term value for our shareholders.”