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, 2023 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 juri ...

Acushnet Holdings Corp. (NYSE:GOLF) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET Company Participants Sondra Lennon - Vice President, Financial Planning & Analysis David Maher - President & Chief Executive Officer Tom Pacheco - Executive Vice President, Chief Financial Officer and Chief Accounting Officer Conference Call Participants Daniel Imbro - Stephens Inc. Michael Swartz - Truist Securities Joseph Altobello - Raymond James George Kelly - ROTH Capital Operator Good morning or good afternoo ...

Acushnet Holdings Corp. (NYSE:GOLF) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Sondra Lennon - Vice President of Financial Planning and Analysis and Investor Relations David Maher - President and Chief Executive Officer Thomas Pacheco - Executive Vice President, Chief Financial Officer and Chief Accounting Officer Conference Call Participants Daniel Imbro - Stephens Inc. Casey Alexander - Compass Point Research & Trading, LLC George Kelly - ROTH Capital Partners, LLC M ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ☐ 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 jurisdiction of incorporation or organization) Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For ...

Acushnet Holdings Corp. (NYSE:GOLF) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Sondra Lennon - Vice President of Financial Planning and Analysis and Investor Relations David Maher - President and Chief Executive Officer Thomas Pacheco - Executive Vice President, Chief Financial Officer and Chief Accounting Officer Conference Call Participants Kevin Heenan - JPMorgan Chase & Co. Daniel Imbro - Stephens Inc. Casey Alexander - Compass Point Research & Trading, LLC Brian Har ...

ACUSHNET HOLDINGS CORP. Second Quarter 2022 Earnings Call August 4, 2022 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 ...

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, 2022 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 ...

Financial Data and Key Metrics Changes - Acushnet reported Q1 2022 sales of $606 million, an 8% increase at constant currency and a 4% gain on a reported basis compared to Q1 2021 [12][31] - Adjusted EBITDA for Q1 was $120 million, reflecting a decline of $15 million compared to the previous year [36] - Gross profit was $317 million, up $6 million or 2% year-over-year, with gross margins at 52.3%, down 120 basis points [33][34] - Net income attributable to Acushnet Holdings was $81 million, down $4 million from the prior year [36] Business Line Data and Key Metrics Changes - Golf balls sales increased by 6%, despite production constraints due to raw material shortages [13] - Titleist golf clubs saw a 3% increase in sales, with Q1 sales up over 75% compared to pre-pandemic levels [14] - Titleist gear experienced a 17% decline, impacted by supply shortages and fulfillment backlogs [15] - FootJoy grew by 24%, with double-digit gains across footwear, apparel, and gloves [16] Market Data and Key Metrics Changes - U.S. sales were up 4%, with golf balls exceeding expectations while gear and FootJoy sales lagged [18] - EMEA region showed accelerated growth off low comps from last year, with strong demand expected due to upcoming events [19] - Japan's sales were down 11% at constant currency, while Korea grew by 17% constant currency and 8% reported [20] Company Strategy and Development Direction - The company is focused on expanding distribution capabilities to reduce order backlogs and meet strong demand levels [15][28] - Acushnet aims to invest in product innovation and operational excellence, with a capital expenditure expectation of approximately $60 million for the year [41][42] - The company is also pursuing acquisitions that align with its focus on premium performance products [42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the golf industry's health, citing strong participation and financial security among golf courses and retailers [21][62] - The company reaffirmed its full-year guidance, expecting consolidated net sales between $2.175 billion and $2.225 billion [48] - Supply chain challenges are expected to persist, but improvements in raw material availability are anticipated [26][46] Other Important Information - The Board of Directors approved a quarterly dividend of $0.18 per share, totaling about $13 million [9] - Cash flow from operations for Q1 was an outflow of $164 million, compared to an outflow of $30 million in the prior year [40] - The company repurchased 1.2 million shares for approximately $59 million during the quarter [44] Q&A Session Summary Question: Factors influencing full year outlook - Management indicated that the quarter met expectations and prefers to assess the full year outlook after Q2, considering weather and sell-through realities [55][56] Question: Structural health of the industry - Management noted that participation trends are largely weather-dependent, with positive indicators in regions with favorable weather [58][60][63] Question: Gross margin expectations - Management revised gross margin expectations to be down closer to 40 basis points due to higher raw material and freight costs [67][72] Question: International market performance - EMEA is expected to perform strongly in the first half, while Japan and Korea are anticipated to normalize throughout the year [74] Question: Inventory levels and expectations - Management expects inventory levels to increase to meet demand, aiming for a more normalized level by year-end [81] Question: Share repurchase strategy - The company plans to continue aggressive share repurchases, with a $150 million increase in authorization expected to be exhausted over the next year [83]

ACUSHNET HOLDINGS CORP. First Quarter 2022 Earnings Call May 5, 2022 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 ...