Acushnet Q2 sales beat estimates after new product launches
GOLF•Result drivers
- New product launches - Co said Q2 results benefited from early launch of Titleist GTS drivers and fairways, with strong adoption on professional tours.
- Tariff refunds - Net income and adjusted EBITDA were favorably impacted by refunds of tariffs previously paid under IEEPA.
- Higher average selling prices - Co cited higher average selling prices across all product categories in FootJoy golf wear and Golf gear as drivers of segment growth.
Q2 results beat estimates
- Golf equipment maker's Q2 net sales rose 13.8%, beating analyst expectations.
- Q2 net income jumped 65%, helped by IEEPA tariff refunds and new product launches.
- Adjusted EBITDA for Q2 climbed 45.8% year over year.
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $820 million | $788.24 million (7 Analysts) |
