Acushnet Holdings Corp
F:163

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Acushnet Holdings Corp Logo
Acushnet Holdings Corp
F:163
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Price: 76 EUR Market Closed
Market Cap: €4.8B

Acushnet Holdings Corp
Investor Relations

Acushnet Holdings makes golf equipment and golf gear under brands like Titleist, FootJoy, Scotty Cameron, and Vokey. Its core products are golf balls, clubs, wedges, putters, shoes, gloves, and other golf apparel. The company serves golfers of all levels, along with golf shops, sporting goods retailers, club fitters, and distributors that sell its products to end customers. The company makes money by selling these products through wholesale channels and, in some cases, directly to consumers. Golf balls are especially important because they are bought and replaced often, which gives Acushnet a steady stream of repeat demand. Its brands also have strong recognition in the golf market, which helps it sell premium products at higher price points than many mass-market competitors. Acushnet’s role in the industry is to supply the equipment and apparel that golfers use on the course, with a focus on performance and fit rather than broad general sporting goods. It stands out because it combines a large ball business with a strong lineup of high-end clubs and golf wear, creating a business tied closely to the habits and loyalty of serious golfers.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Strong start: Acushnet said Q1 was a positive start to 2026, with net sales of $753 million up 5% constant currency and adjusted EBITDA of $145 million, up $6 million year over year.

Titleist strength: Titleist Golf Equipment sales rose 7% and Golf Gear sales rose 8%, driven by new product launches, strong ball and club demand, and solid regional growth.

Tariff pressure: Gross margin fell 70 basis points to 47.2% as tariff costs increased $17 million year over year, and management said tariffs remain a meaningful headwind even though the overall rate environment could be more favorable than previously expected.

Guidance kept: Full-year 2026 guidance was unchanged at $2,625 million to $2,675 million of net sales and $415 million to $435 million of adjusted EBITDA, though first-half expectations moved toward the high end of the prior range.

GTS launch: The company is pulling its next Titleist GTS driver and fairway metals launch into Q2, which management said should help 2026 results and give the product a longer selling window than usual.

Demand healthy: Management said golf participation and rounds remain healthy across key markets, with U.S. rounds up 5% through March and global rounds still trending positively despite macro uncertainty.

Key Financials
Net sales
$753 million
Adjusted EBITDA
$145 million
Gross profit
$355 million
Gross margin
47.2%
SG&A expense
$214 million
Net interest expense
$13.1 million
Effective tax rate
22.9%
Net leverage ratio
2.3x
Inventory
up 7%
Capital expenditures
$19 million
Free cash flow
down $31 million year over year
Shareholder returns
$26 million
Quarterly dividend
$0.255 per share
Share repurchase authorization remaining
$231 million
Tariff headwind
$17 million
Titleist Golf Equipment sales
up 7%
Titleist Golf Gear sales
up 8%
FootJoy sales
down 1%
U.S. sales
up 5%
EMEA sales
up 8%
Japan sales
up 6%
Korea sales
down 7%
Rest of World sales
up 9%
U.S. rounds
up 5%
Earnings Call Recording
Other Earnings Calls

Management

Mr. David E. Maher
President, CEO & Director
No Bio Available
Mr. Sean S. Sullivan
Executive VP & CFO
No Bio Available
Ms. Mary Louise Bohn
President of Titleist Golf Balls
No Bio Available
Mr. Steven Pelisek
President of Titleist Golf Clubs
No Bio Available
Mr. Christopher Aaron Lindner
President of FootJoy
No Bio Available
Mr. Nicholas N. Mohamed
VP, Controller & Principal Accounting Officer
No Bio Available
Mr. Roger Czuchra
Executive VP and Chief Technology & Digital Officer
No Bio Available
Mr. Roland A. Giroux
Executive VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Brendan J. Reidy
Executive VP & Chief People Officer
No Bio Available
Mr. John Duke Jr.
President of Titleist Golf Gear
No Bio Available

Contacts

Address
MASSACHUSETTS
Fairhaven
333 Bridge St
Contacts
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