Acushnet Holdings Earnings Call Transcripts
Fiscal Year 2026
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Second quarter net sales rose 14% to $820 million, with strong growth in Titleist Golf Equipment and a 46% increase in adjusted EBITDA, aided by tariff refunds. Full year guidance was raised, but second half sales and EBITDA are expected to decline due to the timing of the GTS launch.
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The meeting covered director elections, executive compensation, and auditor ratification, with all proposals approved by a strong quorum. No shareholder questions were submitted, and final results will be filed with the SEC.
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Net sales grew 5% year-over-year to $753 million in Q1 2026, with adjusted EBITDA up to $145 million. Titleist equipment and gear segments led growth, while FootJoy declined slightly. Full-year guidance remains strong despite tariff and cost headwinds.
Fiscal Year 2025
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Fourth quarter and full year 2025 saw strong sales growth, led by Titleist Golf Equipment and premium FootJoy products, despite tariff headwinds and higher costs. 2026 guidance projects continued revenue and EBITDA growth, with investments in capacity and innovation, and an 8.5% dividend increase.
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Q3 net sales rose 5% year-over-year to $658M, with adjusted EBITDA up 10%. Full-year 2025 revenue is projected at $2.52–$2.54B and adjusted EBITDA at $405–$415M. Tariff costs and macro softness in Japan/Korea are key risks.
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Second quarter net sales rose 5% to $720 million, with adjusted EBITDA up 9% and strong growth in golf equipment and gear. Despite tariff and macroeconomic uncertainties, all segments are expected to contribute to low single-digit sales growth in the second half.
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Q1 2025 net sales rose 1% to $703M, led by Titleist equipment and gear, while adjusted EBITDA fell due to higher investment. Tariff exposure remains a key risk, but mitigation efforts are underway, and the company expects to offset over half the impact in 2025.
Fiscal Year 2024
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Fourth quarter and full-year 2024 saw strong sales and margin growth, led by Titleist equipment and robust U.S. demand. 2025 guidance projects continued growth, with strategic investments in innovation and digital capabilities, while managing risks from FX and tariffs.
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Q3 net sales rose 5% year-over-year to $621 million, led by strong Titleist club growth, while FootJoy declined. Full-year Adjusted EBITDA guidance narrowed to $395–$405 million, with continued investment and a footwear supply chain transition expected in Q4.
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Second quarter net sales rose 1% to $684M, with first half sales up 2% and adjusted EBITDA also up 2%. U.S. growth offset softness in Europe and Asia, while new product launches and disciplined capital allocation support a positive outlook for the second half.