Golf equipment maker Acushnet posts Q2 net income up 65.1% year-over-year to $124.8 million, exceeding revenue and EPS forecasts.
Acushnet Holdings Corp. reported second-quarter GAAP earnings per share of $2.08, surpassing estimates by $0.45. Revenue reached $820 million, a 13.8% year-over-year increase and $31.75 million above expectations.
Net income attributable to the company rose 65.1% to $124.8 million, driven by higher revenue and refunds of tariffs. The results reflect strong demand in the golf equipment sector.
The company did not disclose immediate market reactions in the release.