Acushnet Holdings Reports Q3 2026 Results with Increased Net Income Amidst Mixed Segment Performance
Acushnet Holdings (GOLF) reported third-quarter net sales of $649.2 million, a slight decrease of 0.6% in constant currency, driven by lower volumes in the FootJoy and Golf Gear segments. Despite the revenue dip, net income rose 1.4% year-over-year to $49.2 million, aided by reduced interest expenses and a more favorable jurisdictional tax mix. The company saw strong performance in its Titleist golf ball category, which grew 4.0% in constant currency due to higher average selling prices and Pro V1 volume gains. However, FootJoy sales fell 7.1%, and Golf Gear revenue declined 9.0% following an ERP system implementation disruption. Year-to-date performance remains robust with net sales up 6.3% in constant currency. Management provided full-year guidance for net sales between $2.65 billion and $2.675 billion, representing projected constant currency growth of 3.3% to 4.2%. While inventory levels have increased to support upcoming product launches, the company maintains a healthy operating cash flow and continues its share repurchase program.
Topics: Adjusted EBITDA FootJoy Full-Year Guidance Net Income Net Sales Titleist