Acushnet Holdings Corp
NYSE:GOLF
Acushnet Holdings Corp
In the world of sports equipment and apparel, Acushnet Holdings Corp. has carved out a prominent reputation, one that echoes its legacy among golfers worldwide. At the heart of Acushnet's operations is its flagship brand, Titleist, renowned for its high-performance golf balls and clubs. The company also boasts FootJoy, a leader in golf shoes and gloves, ensuring a comprehensive grip on the market. Acushnet's business model thrives on innovation and brand loyalty, underpinning its success with a commitment to quality that entices professionals and amateurs alike. Through continuous technological advancements in design and materials, the company captures a unique segment where performance and prestige intersect.
Acushnet generates revenue by crafting products that cater to the aspirational golfer looking for that perfect swing. By focusing on a premium pricing strategy, they underline their commitment to quality, justifying the added cost with a level of craftsmanship that players trust. Distribution channels run through a network of retailers, pro shops, and online platforms, where their meticulously engineered equipment reaches global markets. The company's approach involves not just selling products but fostering a culture around golf, anchoring it as a lifestyle choice. This strategy has enabled them to maintain robust market positioning, securing a future where golf continues to grow, with Acushnet placed firmly at its center.
In the world of sports equipment and apparel, Acushnet Holdings Corp. has carved out a prominent reputation, one that echoes its legacy among golfers worldwide. At the heart of Acushnet's operations is its flagship brand, Titleist, renowned for its high-performance golf balls and clubs. The company also boasts FootJoy, a leader in golf shoes and gloves, ensuring a comprehensive grip on the market. Acushnet's business model thrives on innovation and brand loyalty, underpinning its success with a commitment to quality that entices professionals and amateurs alike. Through continuous technological advancements in design and materials, the company captures a unique segment where performance and prestige intersect.
Acushnet generates revenue by crafting products that cater to the aspirational golfer looking for that perfect swing. By focusing on a premium pricing strategy, they underline their commitment to quality, justifying the added cost with a level of craftsmanship that players trust. Distribution channels run through a network of retailers, pro shops, and online platforms, where their meticulously engineered equipment reaches global markets. The company's approach involves not just selling products but fostering a culture around golf, anchoring it as a lifestyle choice. This strategy has enabled them to maintain robust market positioning, securing a future where golf continues to grow, with Acushnet placed firmly at its center.
Solid Quarter: Acushnet reported Q3 net sales of $658 million, up 5%, with adjusted EBITDA of $119 million, a 10% increase year-on-year, driven by gains across all segments.
2025 Guidance Affirmed: Management guided full year 2025 revenue to $2.52–$2.54 billion and adjusted EBITDA to $405–$415 million, with expected 2.6%–3.4% growth, in line with earlier forecast.
Strong Golf Demand: Golf participation and rounds played remain robust globally, especially in the U.S. and EMEA, supporting sales growth.
Segment Momentum: Titleist equipment, FootJoy, and Golf Gear all posted gains, with notable strength in Pro V1 balls and T-Series irons.
Tariff Headwinds: Tariff costs are expected to be $30 million in 2025 (lower than previous estimates), and projected to rise to just over $70 million in 2026, but management plans to mitigate much of the impact.
Regional Trends: EMEA and U.S. showed strong growth, while Japan and Korea were softer due to footwear and apparel challenges.
Healthy Inventories: Channel and company inventory levels are in line with expectations, with no significant concerns noted.
