Acushnet Holdings ( (GOLF) ) has released its Q1 earnings. Here is a breakdown of the information Acushnet Holdings presented to its investors.
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Acushnet Holdings Corp., a leading company in the golf industry, specializes in the design, development, manufacture, and distribution of performance-driven golf products, including the renowned Titleist and FootJoy brands.
In its first quarter of 2025, Acushnet Holdings reported net sales of $703.4 million, a slight decrease of 0.6% from the previous year, though it saw a 1.2% increase in constant currency terms. The company achieved a net income of $99.4 million, marking a 13.2% rise, largely due to a significant gain from its FootJoy golf shoe joint venture. However, the adjusted EBITDA fell by 9.6% to $138.9 million.
The company’s performance was driven by strong sales in Titleist golf equipment, particularly in the Pro V1 and Pro V1x golf balls, and new GT drivers, fairways, and hybrids. Despite the positive sales in golf equipment, FootJoy golf wear experienced a decline in sales volume, impacting overall results. Geographically, sales increased in the United States but faced challenges in Korea and Japan.
Looking ahead, Acushnet remains optimistic about its market position and the structural health of the golf industry, despite macroeconomic uncertainties. The company is leveraging its diverse supply chain to navigate the evolving tariff landscape and is committed to investing in its future to benefit all stakeholders.