Acushnet Holdings Reports 2.3% Increase in Year-to-Date Net Sales, 9.9% Rise in Net Income

Reuters
08/07
Acushnet Holdings Reports 2.3% Increase in Year-to-Date Net Sales, 9.9% Rise in Net Income

Acushnet Holdings Corp. has reported its financial results for the second quarter and year-to-date 2025. The company achieved second-quarter net sales of $720.5 million, marking a 5.4% increase year over year, or a 4.7% increase on a constant currency basis. Year-to-date net sales rose by 2.3% to $1,423.8 million, or 2.9% on a constant currency basis. The net income attributable to Acushnet Holdings Corp. for the second quarter reached $75.6 million, reflecting a 5.9% increase compared to the previous year. Year-to-date net income rose by 9.9% to $174.9 million, influenced primarily by a non-cash pre-tax gain of $20.9 million related to the deconsolidation of the FootJoy golf shoe joint venture and lower income tax expenses. Adjusted EBITDA for the second quarter was $143.1 million, showing a 9.2% increase year over year. However, year-to-date Adjusted EBITDA experienced a slight decline of 0.9%, totaling $282.0 million. Net sales growth was primarily driven by higher net sales in Titleist golf equipment, particularly due to increased selling prices in golf clubs and higher sales volumes in golf balls. Additionally, there was a notable increase in Golf gear sales, driven by higher sales volumes in golf bags and golf gloves. Conversely, lower sales volumes in FootJoy golf wear categories offset some of these gains.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acushnet Holdings Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001672013-25-000043), on August 07, 2025, and is solely responsible for the information contained therein.

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