Acushnet (GOLF) Tops Q2 EPS by 32c, Offers Guidance

Acushnet (NYSE: GOLF) reported Q2 EPS of $1.08, $0.32 better than the analyst estimate of $0.76. Revenue for the quarter came in at $624.9 million versus the consensus estimate of $528.44 million.

GUIDANCE:

Acushnet sees FY2021 revenue of $1.93-1.99 billion, versus the consensus of $1.86 billion.

• The Company expects full-year consolidated net sales to be approximately $1,930 to $1,990 million and Adjusted EBITDA to be approximately $285 to $305 million. On a constant currency basis, consolidated net sales are expected to be in the range of up 16.8% to 20.6%. The Company's outlook assumes no significant worsening of the COVID-19 pandemic, including incremental closures of global markets and additional supply chain disruptions. The Company plans to share additional details of the 2021 Outlook during its investor conference call.

For earnings history and earnings-related data on Acushnet (GOLF) click here.

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