08:29 AM EDT, 05/07/2024 (MT Newswires) -- Acushnet Holdings ( GOLF ) reported Q1 net earnings Tuesday of $1.35 per diluted share, down from $1.36 a year earlier.

Analysts polled by Capital IQ expected $1.24.

Net sales for the quarter ended March 31 were $707.6 million, up from $686.3 million a year earlier.

Analysts surveyed by Capital IQ expected $689.1 million.

For full-year 2024, the company said it continues to expect net sales of about $2.45 billion to $2.50 billion. Analysts polled by Capital IQ expect $2.47 billion.

Acushnet said its board maintained its quarterly dividend at $0.215 per share, payable June 21 to shareholders of record as of June 7.

Shares of the company were up nearly 4% in recent Tuesday premarket activity.

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