Acushnet Holdings Corp

Latest Results (02.10.2025):

Acushnet Holdings Corp reported robust financial results for the second quarter of 2025, demonstrating growth in net sales, net income, and Adjusted EBITDA. The company saw a year-over-year increase in key financial metrics, driven by strong performance in its Titleist golf equipment and Golf gear segments, despite challenges in the FootJoy golf wear category.

Net Sales Growth

In the second quarter of 2025, Acushnet Holdings Corp achieved net sales of $720.5 million, marking a 5.4% increase year over year and a 4.7% rise in constant currency. This growth was primarily fueled by higher sales in Titleist golf equipment and Golf gear.

Increase in Net Income

The company reported a net income attributable to Acushnet Holdings Corp of $75.6 million for the second quarter of 2025, representing a 5.9% increase compared to the same period last year. This improvement was driven by higher income from operations and a reduction in income tax expenses.

Adjusted EBITDA Enhancement

Adjusted EBITDA for the second quarter of 2025 reached $143.1 million, up 9.2% year over year. The Adjusted EBITDA margin improved to 19.9% from 19.2% in the prior year period, reflecting enhanced operational efficiency.

Segment Performance

Titleist golf equipment saw a 6.8% increase in net sales, driven by higher average selling prices and increased sales volumes of GT drivers, fairways, hybrids, and the new Pro V1 golf ball models. Golf gear net sales rose by 7.9%, while FootJoy golf wear experienced a 1.3% decrease due to lower footwear sales volumes.

Geographic Insights

Net sales in the United States grew significantly, supported by strong performance in Titleist golf equipment and Golf gear. Internationally, sales outside the U.S. increased by 3.8%, with notable growth in EMEA and Rest of World regions, despite declines in Korea and Japan.