Acushnet Holdings Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 05, 2020 at 06:20 am EDT
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Acushnet Holdings Corp. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 300.002 million compared to USD 462.218 million a year ago. Operating income was USD 11.731 million compared to USD 61.135 million a year ago. Net income was USD 2.313 million compared to USD 38.488 million a year ago. Basic earnings per share was USD 0.03 compared to USD 0.51 a year ago.
For the half year, sales was USD 708.743 million compared to USD 895.920 million a year ago. Operating income was USD 33.159 million compared to USD 113.362 million a year ago. Net income was USD 11.190 million compared to USD 73.414 million a year ago. Basic earnings per share was USD 0.15 compared to USD 0.97 a year ago.
Acushnet Holdings Corp. is engaged in the design, development, manufacture, and distribution of golf products. The Companyâs segments include Titleist golf balls, Titleist golf clubs, Titleist golf gear, and FootJoy golf wear. The Titleist golf balls segment is engaged in the design and manufacturing of a golf balls. The Titleist golf clubs segment designs, assembles, and sells golf clubs (drivers, fairways, hybrids, and irons) under the Titleist brand, wedges under the Vokey Design brand and putters under the Scotty Cameron brand. The Titleist golf gear segment includes golf bags, headwear, golf gloves, travel products, headcovers, and other golf accessories. The FootJoy golf wear segment includes golf shoes, gloves, and apparel. The Companyâs products include golf balls, golf clubs, wedges and putters, golf shoes, golf gloves, golf gear, and golf and ski outerwear and apparel. It designs, manufactures, and markets a range of products under the Titleist, FootJoy and KJUS brands.
ACUSHNET HOLDINGS CORP. 
