Earnings release
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Exhibit 99.1 Acushnet Holdings Corp. Announces Second Quarter and Year - to - Date 2021 Financial Results Second Quarter and Year - to - Date 2021 Financial Results • • • • Second quarter net sales of $ 624.9 million , up 108.3 % year over year , up 99.9 % in constant currency ; up 35.2 % compared to 2019 Year - to - date net sales of $ 1,205.7 million , up 70.1 % year over year , up 64.1 % in constant currency ; up 34.6 % compared to 2019 Second quarter net income attributable to Acushnet Holdings Corp. of $ 81.1 million , up $ 78.8 million year over year ; up $ 42.6 million compared to 2019 Year - to - date net income attributable to Acushnet Holdings Corp. of $ 166.0 million , up $ 154.8 million year over year ; up $ 92.6 million compared to 2019 Second quarter Adjusted EBITDA of $ 127.8 million , up 286.1 % year over year ; up 68.8 % compared to 2019 • Year - to - date Adjusted EBITDA of $ 263.0 million , up 206.2 % year over year ; up 88.0 % compared to 2019 FAIRHAVEN , MA – August 5 , 2021 – Acushnet Holdings Corp. ( NYSE : GOLF ) ( " Acushnet " ) , a global leader in the design , development , manufacture and distribution of performance - driven golf products , today reported financial results for the three and six months ended June 30 , 2021 . " Demand across all Acushnet product categories remains robust and contributed to another terrific quarter for the company , " said David Maher , Acushnet Company's President and Chief Executive Officer . " Our strong performance was led by sales across our product portfolio , including new Titleist Pro V1 and Pro V1x golf balls , TSi drivers , and our FootJoy and KJUS brands . We look forward to building on our momentum in the second half with a wide range of product introductions led by new Titleist T Series irons and new FJ footwear and HydroKnit outerwear . " Maher continued , “ As we move into the second half of 2021 and see escalating positive COVID - 19 cases in many regions , our highest priority remains the health and safety of our associates . While we expect golfer engagement to remain healthy , we do expect to face various levels of disruption within our supply chain . My Acushnet teammates are skilled at adapting and I have the utmost confidence in their ability to navigate these uncertainties with excellence as we seek to deliver the highest quality products and services to our trade partners and dedicated golfers around the world . " 1