Quarterly ResultMay 6, 2026, 06:14 AM
Acushnet Q1 Net Sales Up 7.1% to $753M; Net Income Down 18.1%
AI Summary
Acushnet Holdings Corp. reported its first quarter 2026 financial results, with net sales increasing 7.1% to $753.0 million, or 4.8% in constant currency, driven by strong golf equipment sales. Net income attributable to the company decreased 18.1% to $81.4 million, primarily due to a non-cash gain in the prior year related to a joint venture. Adjusted EBITDA grew 4.1% to $144.6 million. The company also declared a quarterly cash dividend of $0.255 per share and repurchased $10.0 million of its common stock, while reaffirming its full-year 2026 financial outlook.
Key Highlights
- Acushnet Q1 net sales increased 7.1% to $753.0 million, up 4.8% in constant currency.
- Net income attributable to Acushnet Holdings Corp. decreased 18.1% to $81.4 million.
- Adjusted EBITDA rose 4.1% year over year to $144.6 million.
- Board declared a quarterly cash dividend of $0.255 per share, payable June 22, 2026.
- Company repurchased 106,008 shares for $10.0 million at an average price of $94.12.
- Titleist golf equipment net sales increased 8.9% (7.1% constant currency).
- FootJoy golf wear net sales increased 1.7% (1.3% decrease constant currency).
- Reaffirmed full-year 2026 outlook: net sales $2,625M-$2,675M and Adjusted EBITDA $415M-$435M.