Financial Data and Key Metrics Changes - Third quarter revenues reached $522 million, an increase of 8% year-over-year and up 25% compared to 2019 [9][10] - Year-to-date sales exceeded $1.7 billion, up 45% compared to the previous year and well ahead of 2019 levels [10][28] - Adjusted EBITDA for Q3 was $70 million, reflecting incremental supply chain costs and investments [9][27] - Year-to-date adjusted EBITDA was $333 million, up 80% [10][30] - Gross profit for Q3 was $269 million, up 7% year-over-year, but gross margin decreased to 51.5%, down 70 basis points [25][27] Business Line Data and Key Metrics Changes - Titleist Golf Ball sales were down 3% in Q3 but up 37% year-to-date [11][28] - Titleist Golf Clubs saw a 12% increase in sales for Q3 and a 52% increase year-to-date [13][28] - FootJoy year-to-date sales reached $462 million, up 42% on the year [15][28] - Titleist Gear sales increased by 4% in Q3 and 33% year-to-date [14][28] Market Data and Key Metrics Changes - All regions reported strong year-on-year gains, with Japan showing almost 50% year-to-date growth [16] - The U.S. market, representing about half of the global golf market, was up 45% year-to-date [16][18] - Rounds of play increased in major markets, with the U.S., Japan, and Korea up between 8% and 15% through September [17] Company Strategy and Development Direction - The company is focused on product innovation, golfer connection, and operational excellence as top priorities [34] - A $125 million capital investment is underway to support golf ball manufacturing and innovation [20] - The transition to a centralized U.S. distribution center aims to provide faster and more cost-effective fulfillment [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the health of the golf market and strong demand for products [18][21] - Supply chain challenges, including raw material shortages and increased freight costs, are expected to persist [18][37] - The company raised its full-year sales forecast to a range of $2.08 billion to $2.11 billion, reflecting a 30% increase at the midpoint compared to 2020 [37] Other Important Information - The company had approximately $319 million in unrestricted cash at the end of Q3, with total debt outstanding around $320 million [31] - The leverage ratio improved to 0.7x, down from 1.8x a year prior [32] - The Board of Directors declared a $0.165 per share dividend, payable in December [35][36] Q&A Session Summary Question: Insights on sustained sales growth and unit availability - Management noted that all categories are constrained in availability, with the biggest constraints in golf balls due to raw material shortages and production transitions [46] Question: Impact of supply chain on guidance - Management confirmed that supply chain constraints are affecting their ability to meet demand, leading to a flat sales outlook for Q4 compared to 2019 [57] Question: Market share and supply chain dynamics - Management indicated that while supply chain issues are prevalent, they believe they are managing well and expect to take advantage of available supply [65] Question: Trends in rounds played - Management reported that rounds are up 8% over 2020 and about 18% over 2019, with participation coming from various sources including returning golfers and new entrants [73][74]

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 September 30, 2021 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 (State or oth ...

Acushnet Holdings Corp. (NYSE:GOLF) Q2 2021 Earnings Conference Call August 5, 2021 8:30 AM ET Company Participants Sondra Lennon - VP FP&A & IR David Maher - President & CEO Tom Pacheco - CFO Conference Call Participants Kimberly Greenberger - Morgan Stanley Daniel Imbro - Stephens Inc George Kelly - ROTH Capital Markets Operator Good morning, everyone. And welcome Acushnet Holdings Corp Second Quarter 2021 Earnings Conference Call. My name is Emily and I will be coordinating the call today. [Operator inst ...

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, 2021 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 (State or other ju ...

ACUSHNET HOLDINGS CORP. Second Quarter 2021 Earnings Call August 5, 2021 DISCLAIMERS FORWARD-LOOKING STATEMENTS The forward-looking statements contained in this presentation are based on management's current expectations, including our current views with respect to the impact of the novel coronavirus ("COVID-19") on our operations and financial performance, and are subject to uncertainty and changes in circumstances. We cannot assure you that future developments affecting us will be those that we have antic ...

Acushnet Holdings Corp. (NYSE:GOLF) Q1 2021 Earnings Conference Call May 6, 2021 8:30 AM ET Company Participants Sondra Lennon - Vice President-FP&A & Investor Relations David Maher - President & Chief Executive Officer Tom Pacheco - Chief Financial Officer Conference Call Participants Casey Alexander - Compass Point Randy Konik - Jefferies Joe Altobello - Raymond James Daniel Imbro - Stephens Inc George Kelly - ROTH Capital Markets Operator Good morning, ladies and gentlemen and welcome to the Acushnet Hol ...

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 March 31, 2021 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 (State or other j ...

ACUSHNET HOLDINGS CORP. First Quarter 2021 Earnings Call May 6, 2021 DISCLAIMERS FORWARD-LOOKING STATEMENTS The forward-looking statements contained in this presentation are based on management's current expectations, including our current views with respect to the impact of the novel coronavirus ("COVID-19") on our operations and financial performance, and are subject to uncertainty and changes in circumstances. We cannot assure you that future developments affecting us will be those that we have anticipat ...

ACUSHNET HOLDINGS CORP. Fourth Quarter 2020 Earnings Call February 25, 2021 DISCLAIMERS FORWARD-LOOKING STATEMENTS The forward-looking statements contained in this presentation are based on management's current expectations, including our current views with respect to the impact of the novel coronavirus ("COVID-19") on our operations and financial performance, and are subject to uncertainty and changes in circumstances. We cannot assure you that future developments affecting us will be those that we have an ...

Acushnet Holdings Corp. (NYSE:GOLF) Q4 2020 Earnings Conference Call February 25, 2021 8:30 AM ET Company Participants Sondra Lennon - Vice President, Financial Planning & Analysis and Investor Relations David Maher - President & Chief Executive Officer Tom Pacheco - Executive Vice President & Chief Financial Officer & Treasurer Conference Call Participants Daniel Imbro - Stephens Inc Joe Altobello - Raymond James George Kelly - ROTH Capital Partners Operator Ladies and gentlemen, thank you for standing by ...