Acushnet Holdings 2025 Q3 Earnings Mixed Performance as Net Income Falls 13.1%

Acushnet Holdings (GOLF) reported Q3 2025 earnings on Nov 6, 2025, with revenue beating expectations but EPS falling short. The company raised full-year revenue guidance to $2.52–$2.54 billion, while adjusted EBITDA guidance remains aligned with prior estimates.

Revenue

Total revenue rose 6.0% to $657.66 million, driven by robust demand for Titleist golf equipment and strong performance in golf gear and FootJoy wear. Titleist Golf Equipment led with $427.60 million, while FootJoy Golf Wear contributed $136.49 million. Golf Gear added $61.19 million, and other segments totaled $32.38 million.

Earnings/Net Income

Net income declined to $48.03 million, a 13.1% drop from $55.27 million in 2024 Q3, while EPS fell 9.0% to $0.81. Despite the decline, the company has maintained profitability for 11 consecutive years. The EPS shortfall reflects margin pressures and higher tariff costs.

Post-Earnings Price Action Review

The strategy of buying GOLF shares post-revenue raise and holding for 30 days showed favorable performance over three years. Historically, the stock experienced a notable rally in the month following the report, driven by positive market sentiment. Holding shares for 30 days captured the initial post-report momentum, as optimism about future growth prospects fueled returns. This approach outperformed benchmarks, with compounding growth across all quarters.

CEO Commentary

CEO David Maher emphasized the global golf market’s structural strength, noting momentum in the U.S. and EMEA regions. He highlighted investments in product innovation, quality control, and fitting services as key drivers of growth. Maher expressed confidence in mitigating tariff impacts and maintaining market leadership, stating, “Our focus on delivering exceptional products and services positions us to capitalize on the sport’s enduring popularity.”

Guidance

Acushnet updated its full-year 2025 revenue outlook to $2.52–$2.54 billion, with constant-currency growth of 2.6%–3.4%. Adjusted EBITDA is projected at $405–$415 million. The company anticipates low single-digit sales growth in H2 2025 amid ongoing tariff mitigation efforts.

Additional News

Acushnet declared a quarterly dividend of $0.235 per share, payable on Dec 19, maintaining its consistent payout. The company also repurchased 2.84 million shares for $187.5 million in the first nine months of 2025. Institutional investors, including GAMMA Investing LLC and Amalgamated Bank, increased holdings, reflecting confidence in the stock’s long-term potential.

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