Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37935 Acushnet Holdings Corp. (Exact name of registrant as specified in its charter) | Delaware | | 45-2644353 | | --- | -- ...

For the quarter ended June 2025, Acushnet (GOLF) reported revenue of $720.48 million, up 5.4% over the same period last year. EPS came in at $1.25, compared to $1.11 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $713.47 million, representing a surprise of +0.98%. The company delivered an EPS surprise of -6.02%, with the consensus EPS estimate being $1.33.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Financial Data and Key Metrics Changes - Acushnet reported worldwide net sales of $720 million for the second quarter, a 5% increase year-over-year, driven by strong performance in golf equipment and gear segments [6][14] - Adjusted EBITDA for the second quarter was $143 million, reflecting a 9% year-over-year increase, while first half adjusted EBITDA was $282 million, down 1% [6][14] - Gross profit for the second quarter was $354 million, up $21 million compared to the previous year, with a gross margin of 49.2%, an increase of 40 basis points [15][16] Business Line Data and Key Metrics Changes - Golf equipment sales increased mid-single digits in both the quarter and first half, with Titleist golf equipment revenues up 10% compared to 2023 [8][10] - Golf gear sales rose 7% in the second quarter and 6% for the first half, while FootJoy sales decreased by 2% in the quarter and 4% for the half [9][10] - Products not allocated to a reportable segment, including shoes, outerwear, and apparel, experienced double-digit growth in the first half [11] Market Data and Key Metrics Changes - The US market saw 1.5 million new golfers in 2024, contributing to a 2% increase in worldwide rounds of play in the first half [5][12] - EMEA revenues increased by 6% in the first half, with significant growth in the UK where rounds of play rose by 20% [11][12] - Revenues in Japan and Korea increased by 43% in the first half, although the apparel, footwear, and gear markets in these regions have been relatively soft [12] Company Strategy and Development Direction - Acushnet is focused on long-term investments in golf equipment innovation and technology to enhance golfer connections [7][20] - The company aims to mitigate tariff impacts through supply chain optimization, vendor sharing programs, and selective pricing actions [21] - Acushnet is committed to returning capital to shareholders while investing in business growth [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the golf industry's fundamentals and the company's product pipeline despite macroeconomic uncertainties [12][13] - The company anticipates low single-digit net sales growth for the second half of 2025, with a full-year FX headwind of approximately $5 million [20] - Management is closely monitoring the dynamic tariff landscape and its potential impact on consumer spending [20][21] Other Important Information - Acushnet initiated a voluntary bridge to retirement program, resulting in restructuring costs of $6.4 million included in SG&A expenses [16] - The company returned approximately $154 million to shareholders in the first half, including $125 million in share repurchases and $29 million in cash dividends [19] Q&A Session Summary Question: Impact of inflation and pricing on the industry - Management noted that price increases have been observed in gear, footwear, and apparel, with some resilience in the ball business due to US manufacturing [24][25] Question: Demand and sell-through commentary - Management expressed satisfaction with sell-in results and indicated that inventory levels are normalized, linking this to healthy sell-through trends [35][36] Question: Customer response to new product launches - Management reported positive sell-through trends for new product launches, including the Pro V1 golf balls and new T-series irons, indicating strong market reception [44][46]

Financial Data and Key Metrics Changes - Acushnet reported worldwide net sales of $720 million for Q2 2025, a 5% increase year-over-year, driven by strong performance in golf equipment and gear segments [6][13] - For the first half of 2025, net sales reached $1.42 billion, up 3%, while adjusted EBITDA was $282 million, down 1% [6][13] - Gross profit for Q2 was $354 million, an increase of $21 million compared to Q2 2024, with a gross margin of 49.2%, up 40 basis points year-over-year [14][15] Business Line Data and Key Metrics Changes - Golf equipment sales increased mid-single digits in both the quarter and first half, led by new Pro V1 golf ball models and strong performance in GT metals and hybrid franchises [7][8] - Titleist golf equipment sales were up 10% compared to 2023, with growth in all regions, particularly in the US and EMEA [7][10] - Gear sales increased 7% in Q2 and 6% for the first half, with core Titleist categories growing mid-single digits [8][9] - FootJoy sales were down 2% in Q2 and 4% for the first half, aligning with expectations as the company shifts focus to premium performance footwear [9][10] Market Data and Key Metrics Changes - The US market saw 1.5 million new golfers in 2024, marking the seventh consecutive year of growth, contributing to a 2% increase in worldwide rounds of play [5][6] - EMEA revenues increased by 6% in the first half, driven by gains in Titleist golf equipment, particularly golf balls [10][11] - Revenues in Japan and Korea rose by 43% in the first half, although apparel, footwear, and gear markets remained soft [11] Company Strategy and Development Direction - Acushnet is focused on long-term growth through investments in golf equipment innovation and technology [6][12] - The company aims to manage macro uncertainties while delivering high-quality products and services to dedicated golfers [12][20] - Strategic initiatives include optimizing supply chain footprint and selective pricing actions to mitigate tariff impacts [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the golf industry's fundamentals and the company's product pipeline despite macroeconomic uncertainties [11][12] - The company anticipates low single-digit net sales growth for the second half of 2025, with a full-year FX headwind of approximately $5 million [20] - Management is closely monitoring tariff developments and their potential impact on consumer spending [20][21] Other Important Information - Acushnet returned approximately $154 million to shareholders through share repurchases and cash dividends [19] - The company initiated a voluntary retirement program, resulting in restructuring costs of $6.4 million in Q2 [15][16] Q&A Session Summary Question: Impact of inflation and pricing on the industry - Management noted that price increases have been observed in gear, footwear, and apparel, with some immunity in the ball business due to US manufacturing [23][25] Question: Demand and sell-through commentary - Management expressed satisfaction with sell-in results and indicated that inventory levels are normalized, linking this to healthy sell-through trends [35][36] Question: Customer response to new product launches - Management reported positive sell-through trends for new launches, including the Pro V1 and T series irons, with confidence in the back half of the year [44][46]

Second Quarter 2025 Earnings Call August 7, 2025 DISCLAIMERS Q2 and H1 2025 Performance David Maher President and Chief Executive Officer FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements that reflect our current views with respect to, among other things, our 2025 outlook, our operations and our financial performance. These forward-looking statements are included throughout this presentation and relate to matters such as our industry, business strategy, goals and expectations ...

Acushnet (GOLF) came out with quarterly earnings of $1.25 per share, missing the Zacks Consensus Estimate of $1.33 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.02%. A quarter ago, it was expected that this golf products maker would post earnings of $1.32 per share when it actually produced earnings of $1.62, delivering a surprise of +22.73%.Over the last four quarters, the co ...

Exhibit 99.1 Acushnet Holdings Corp. Announces Second Quarter and Year-to-Date 2025 Financial Results Second Quarter and Year-to-Date 2025 Financial Results FAIRHAVEN, MA – August 7, 2025 – Acushnet Holdings Corp. (NYSE: GOLF) ("Acushnet" or the "Company"), the 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, 2025. "Acushnet delivered another strong performance in the secon ...

Core Insights - The article emphasizes the importance of efficiency ratios as indicators of a company's financial health and operational efficiency [1][2][3][4][5]. Efficiency Ratios - **Receivables Turnover**: This ratio measures a company's ability to extend credit and collect debts, with a higher ratio indicating better performance [2]. - **Asset Utilization**: This ratio assesses how effectively a company converts its assets into sales, with higher values suggesting greater efficiency [3]. - **Inventory Turnover**: This ratio indicates a company's ability to manage inventory relative to its cost of goods sold, with higher values reflecting better inventory management [4]. - **Operating Margin**: This ratio measures the efficiency of a company in controlling operating expenses relative to sales, with higher values indicating better expense management [5]. Screening Process - A screening process was applied using the aforementioned efficiency ratios along with a favorable Zacks Rank (Zacks Rank 1) to identify potential investment opportunities [6]. - The screening narrowed down over 7,906 stocks to 10, focusing on those with efficiency ratios above industry averages [7]. Selected Companies - **Vital Farms (VITL)**: Offers pasture-raised foods and has a four-quarter average positive earnings surprise of 45.3% [8][7]. - **Acushnet (GOLF)**: Designs and distributes golf products, also reporting a four-quarter average positive earnings surprise of 45.3% [9][8]. - **Texas Capital Bancshares (TCBI)**: Focuses on local business ties in Texas and has a four-quarter average positive earnings surprise of 30.2% [10][8]. - **Commerce Bancshares (CBSH)**: Engages in general banking services with a four-quarter average positive earnings surprise of 7.9% [11][8].

Acushnet (GOLF) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing ...

Group 1 - Acushnet Holdings (NYSE: GOLF), owner of the Titleist brand, is being revisited for investment potential due to its strong brand presence in the golf industry [1] - The company is recognized for its appreciation in the golf sector, indicating a positive outlook for its market position [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow generation as a key metric for value and growth prospects [2] - Subscribers have access to a comprehensive stock model account and in-depth cash flow analyses of exploration and production (E&P) firms, enhancing investment decision-making [2]