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Acushnet Holdings

Designs, manufactures, & distributes golf equipment

Overview

Acushnet Holdings designs, develops, manufactures, and distributes golf products across four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. Its products include Titleist golf balls (Pro V1 and others), Titleist clubs (drivers, irons, wedges under Vokey Design, and Scotty Cameron putters), plus gloves and apparel; balls are engineered for flight, spin, and distance, while clubs and putters aim for precision and feel. The company differentiates itself through an integrated brand ecosystem (Titleist, Vokey Design, Scotty Cameron, FootJoy) and a broad product lineup tailored for performance by pros and serious players. Its goal is to provide high-quality golf equipment and apparel that help golfers perform at their best worldwide.

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About Acushnet Holdings

Simplify's Rating
Why Acushnet Holdings is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingConsumer Goods

Company Size

1-10

Company Stage

IPO

Headquarters

Fairhaven, MA

Founded

2011

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What believers are saying

  • Q3 2026 Titleist equipment rose 1%, led by Pro V1 and GTS sell-through.
  • Japan is Acushnet's biggest share-gain opportunity, and fitting expansion is accelerating there.
  • Thirteen million dollars of tariff refunds and robust buybacks support cash returns through 2026.

What critics are saying

  • Q4 2026 EBITDA turns negative as GTS timing and Pro V1 2027 transition hit.
  • FootJoy and golf gear weakness exposed dependence on equipment launches for growth.
  • Tungsten, oil-based materials, labor, and ERP disruptions pressure margins into 2027.

What makes Acushnet Holdings unique

  • Titleist dominates premium golf balls, clubs, and fittings across global tour pipelines.
  • Montataire France hub integrates fitting, training, and custom assembly for Europe.
  • Scotty Cameron, Vokey, and FootJoy create a multi-brand premium bag ecosystem.

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Funding

Total Funding

$350M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Health Savings Account/Flexible Spending Account
  • Flexible Spending Accounts
  • Pet Insurance
  • Education Assistance
  • Associate Store Access
  • Paid Time Off
  • Onsite Fitness Center
  • Acupuncture
  • Physical Therapy
  • Wellness Coaches

Stock Price

Company News

American Market News
Nov 7th, 2026
What Acushnet (GOLF) said on its Q3 earnings call.

What Acushnet (GOLF) said on its Q3 earnings call. Posted by ABMN Staff on Nov 7th, 2026 Acushnet (NYSE:GOLF) reported third-quarter sales of $649 million, down 1% on a constant-currency basis, as demand for Titleist golf equipment was offset by lower sales at FootJoy and in golf gear. Adjusted EBITDA fell 3% to $115 million. President and Chief Executive Officer David Maher said the company's core golf equipment business remained strong and that FootJoy profitability was improving, even as its sales declined. Discover more Investment Portfolio Review Invest in Stocks For the first nine months of 2026, net sales rose 6% on a constant-currency basis to $2.22 billion, while adjusted EBITDA increased 17% to $468 million. Excluding the net benefit from tariff refunds, adjusted EBITDA rose 8%, Chief Financial Officer Sean Sullivan said. Titleist growth offset by FootJoy and gear. Titleist golf equipment sales increased 1% in the quarter and 10% year to date. Maher said golf ball demand grew in all regions, led by Pro V1, while the club business benefited from the second-quarter launch of GTS metal woods and demand for Vokey wedges and Scotty Cameron putters. Maher said the company was pleased with the decision to introduce GTS earlier in the year, citing sell-through and shipments. Acushnet is considering a similar approach for irons, he said. FootJoy sales fell 7% in the quarter and 2% for the first nine months. Maher said a focus on premium performance products was helping raise average selling prices and margins, with historically low levels of closeout footwear sales contributing to improved profitability. Golf gear revenue declined 9% in the quarter but remained up 2% year to date. Maher attributed part of the quarterly decline to timing ahead of new Titleist golf bag and glove offerings in the fourth quarter. Sullivan said an enterprise resource planning system rollout went live in North America and at golf ball manufacturing operations in Thailand during the quarter. Although the system cutover proceeded smoothly, temporary disruption to custom embroidery operations affected FootJoy and golf gear, he said. Margins improve; fourth quarter expected to be seasonal low. Third-quarter gross profit rose $3 million to $322 million, and gross margin expanded 110 basis points to 49.6%. Sullivan credited improved FootJoy profitability and higher sales volumes in the company's shoes business, partly offset by higher Titleist equipment costs. Year-to-date gross margin was 50.5%, up 190 basis points. On a normalized basis, it was 48.6%, flat from a year earlier despite approximately $29 million in higher tariff expense, Sullivan said. Acushnet maintained its full-year sales outlook of $2.65 billion to $2.675 billion, with constant-currency growth expected between 3.3% and 4.2%. It now expects adjusted EBITDA of $455 million to $470 million, including an approximately $30 million full-year net tariff refund benefit. At the guidance midpoint, Sullivan said, the outlook implies approximately $440 million in fourth-quarter sales and an adjusted EBITDA loss of about $5 million. He attributed the expected result to the company's seasonal earnings pattern, the earlier GTS launch and the transition to the next Pro V1 product. Acushnet also plans to continue investing in research and development, fitting networks and its TPI performance platform. Consumer demand and 2027 pipeline. Maher described golf demand as healthy despite a choppy third quarter for rounds played, which he attributed largely to weather. U.S. rounds were tracking at or slightly above the prior year, he said, while rounds outside the U.S. were slightly lower overall, with variations by market. Asked about rising green fees, Maher said Acushnet had not seen evidence of a significant backlash in rounds played. He also said the company had not observed golfers extending their equipment replacement cycles. For 2027, Acushnet is preparing a new Pro V1 launch along with new irons and putters. Sullivan said the company faces higher input costs, including tungsten and oil-based materials, as well as labor and benefit costs. Pricing decisions have not been finalized across all launches, he said, adding that the company's goal is to maintain or expand gross margin. Maher identified Japan as Acushnet's largest opportunity for market-share gains, supported by an expansion of fitting capabilities. He remained cautious about apparel in Japan and Korea, where the category has been soft. Through September, Acushnet generated $319 million in operating cash flow and returned roughly $127 million to shareholders through dividends and share repurchases. Its board declared a quarterly dividend of $0.255 per share, payable December 18 to shareholders of record December 4. About Acushnet (NYSE:GOLF). Acushnet Holdings Corp. is a golf equipment and performance-wear company headquartered in Fairhaven, Massachusetts. Through a portfolio of recognized brands, the company develops, manufactures and markets products used by golfers and golf facilities worldwide. Its principal brands include Titleist, which offers golf balls, clubs, golf bags, gloves and accessories; FootJoy, which specializes in golf footwear, apparel and gloves; Scotty Cameron, known for premium putters and related accessories; and KJUS, which produces high-performance golf and outdoor apparel.

SGB Media
Nov 4th, 2026
Titleist parent Acushnet Holdings' Q3 sales hurt by Footjoy and Golf Gear declines.

Titleist parent Acushnet Holdings' Q3 sales hurt by Footjoy and Golf Gear declines. November 4, 2026 Acushnet Holdings Corp., the parent of the Titleist and Footjoy golf brands, reported Wednesday that consolidated net sales for the third quarter decreased 1.3 percent (-0.6 percent on a constant-currency basis) year-over-year (y/y). The dip in sales was reportedly due to lower net sales in FootJoy Golf Wear and Golf Gear - said to be primarily related to lower sales volumes - partially offset by higher net sales in Titleist Golf Equipment, reportedly due primarily to "higher sales volumes and average selling prices in golf balls." Region Summary In the United States, lower sales during the third quarter were said to be largely driven by a $7.5 million y/y decrease in FootJoy Golf Wear and a $5.5 million y/y decrease in Golf Gear, partially offset by a $5.3 million increase in Titleist Golf Equipment. The decreases in FootJoy Golf Wear and Golf Gear were said to be primarily due to lower sales volumes across all product categories. The increase in Titleist Golf Equipment was said to be primarily driven by higher sales volumes of recently introduced GTS drivers and fairways, as well as higher average selling prices of Pro V1 golf ball models, partially offset by lower sales volumes of the second model year T-Series irons. Net sales in regions outside the United States decreased 1.2 percent y/y (-0.5 percent constant-currency) due to net sales increases in EMEA and Japan, partially offset by constant-currency decreases in Korea and Rest of World. * In EMEA, the increase was primarily driven by higher net sales of products that are not allocated to one of the company's three reportable segments and in Titleist Golf Equipment, mainly golf balls. * In Japan, the constant-currency sales increase was reportedly due to higher net sales across all reportable segments, partially offset by lower net sales of products that are not allocated to one of the company's three reportable segments. * In Korea, the decrease was said to be primarily due to lower net sales in FootJoy Golf Wear, mainly apparel. * In Rest of World, the decrease was due to lower net sales across all reportable segments, offset in part by an increase in net sales of products that are not allocated to one of its three reportable segments. Segment Summary * Titleist Golf Equipment posted a 0.5 percent y/y increase (+1.2 percent constant-currency) in net sales, said to be primarily driven by higher sales volumes of recently introduced GTS drivers and fairways, as well as higher average selling prices and higher sales volumes of Pro V1 golf ball models. These increases were said to be partially offset by lower sales volumes of second model year T-Series irons. * FootJoy Golf Wear saw a 7.5 percent y/y decrease (-7.1 percent constant-currency) in net sales in Q3, which was said to be primarily due to lower sales volumes, partially offset by higher average selling prices, both across all product categories. * Golf Gear net sales decreased 9.5 percent y/y (-9.0 percent constant-currency), said to be primarily due to lower sales volumes across all product categories, partially offset by higher average selling prices in golf bags. Profitability Net income attributable to Acushnet Holdings Corp. increased 1.4 percent y/y to $49.2 million, or 83 cents per diluted share, in the third quarter. Adjusted EBITDA was $114.7 million in Q3, down 3.3 percent y/y. Adjusted EBITDA margin was 17.7 percent of net sales for the third quarter, compared to 18.0 percent for the prior-year Q3 period. Condensed Statement of Operations Cash Dividend and Share Repurchase The Acushnet Board of Directors declared a quarterly cash dividend of $0.255 per share of common stock. The dividend will be payable on December 18, 2026 to shareholders of record on December 4, 2026. The number of shares outstanding as of October 29, 2026 was 57,204,768. During the three months ended September 30, 2026, the company repurchased 616,749 shares of its common stock on the open market at an average price of $89.81 for an aggregate of $55.4 million. During the nine months ended September 30, 2026, the company repurchased 904,988 shares of its common stock on the open market at an average price of $89.94 for an aggregate of $81.4 million. On October 15, 2026, the Company repurchased 583,527 shares of its common stock from Magnus Holdings Co., Ltd. (Magnus), for an aggregate of $52.5 million in satisfaction of its previously disclosed obligations under a share repurchase agreement with Magnus. 2026 Outlook The company is reaffirming its full-year 2026 consolidated net sales guidance range of approximately $2,650 million to $2,675 million. On a constant-currency basis, consolidated net sales are expected to increase 3.3 percent to 4.2 percent y/y. The company is narrowing its full-year 2026 Adjusted EBITDA guidance range to approximately $455 to $470 million, from $450 to $470 million previously. This outlook includes approximately $30 million of IEEPA tariff refunds, net of the impact on incentive compensation expected to be recognized in 2026. Image courtesy Titliest/Acushnet Holdings Corp.

FS Golf
Oct 10th, 2026
Golf equipment pricing after Acushnet data.

Golf equipment pricing after Acushnet data. Golf equipment pricing became easier to read after Acushnet reported its results for the three months ended June 30, 2026. The disclosure did not tell every buyer what a driver, iron set, wedge build, or dozen balls should cost at retail. It did show a clear pattern: premium golf products kept selling, average selling prices moved higher, and launch timing can make one quarter look stronger than a normal demand curve would suggest. For a fitter, that matters because pricing is no longer just a tag on the wall. It affects how golfers compare a stock club against an upgraded shaft, how they judge a ball change, and how they decide whether a full-bag session should turn into an order. The useful question is not, "Is everything expensive?" It is, "Where is the extra spend tied to a measurable fit, and where is it just the cost of being in the premium end of the market?" Golf equipment pricing signals from Acushnet. Golf equipment pricing in plain terms. Acushnet reported net sales of US$820.0 million for Q2 FY2026, up 13.8% year over year, with constant currency sales up 14.2%. The company said the increase was driven in part by higher average selling prices across all product categories, according to its Q2 2026 SEC filing. That is the key fitting-room signal. Price increases were not limited to one narrow pocket of the bag. Acushnet also reported adjusted EBITDA of US$208.6 million for the same quarter, up 45.8% year over year. The company said that figure included about US$38 million in tariff refunds under the IEEPA, which helped the increase. That detail matters because a golfer or shop owner should not read the profit jump as a clean read on normal price strength. Tariff refunds can lift a period without proving that every margin move is repeatable. Why A disclosure is not A retail price sheet. Corporate sales data can explain direction, but it does not replace a proper quote. A brand's average selling price can rise because of higher list prices, stronger mix, new product timing, more premium builds, or more units sold in categories that carry higher dollar totals. A golfer standing in a bay still needs an itemized build sheet: head model, shaft, grip, loft and lie work, length changes, swing-weight targets if offered, and any fitting fee or credit policy. That is why price transparency should start before the first shot is hit. Ask whether the fitting fee is separate from the club order, whether a shaft upcharge is included in the quoted total, and whether a grip change changes the build price. A related discussion on fitting network pricing covers why golfers should separate the session cost from the equipment cost before comparing offers. What the Q2 numbers say about demand. Clubs and balls did not move alike. The Q2 story was not one single curve across the whole bag. In Acushnet's earnings-call discussion, Titleist-branded equipment revenue tied to the quarter was reported at US$545.9 million, up 20.6% on a constant currency basis, helped by the early launch of new GTS metals, which shifted from a usual Q3 timing into Q2. Golf ball segment net sales were US$273.9 million, with 4.5% constant currency growth, helped by higher average selling prices for core Pro V1 models, while golf club sales grew 42.7% on a constant currency basis, according to the Acushnet earnings call transcript. Those differences are useful for buyers. A new metalwood launch can pull revenue into an earlier quarter. Golf balls, by contrast, tend to show a steadier repeat-purchase pattern, especially for players who stay loyal to one model. A fitter should not treat a sharp club-sales quarter as proof that every golfer needs to change drivers. It may mean there was strong new-product interest, effective fitting demand, or a timing shift that made Q2 heavier than it otherwise would have been. Launch timing can shift the read. The early GTS metals launch is a good reminder that quarterly data needs context. If a driver or fairway wood family reaches shops earlier than the usual cycle, launch-monitor appointments, demo-day traffic, and initial orders can cluster in that quarter. That can make demand look stronger in one period and softer in the next, even if the full product cycle is healthy. For golf equipment pricing, this creates a practical buying issue. Early in a launch window, a golfer may see fewer discounts, more interest in premium shaft pairings, and less used-market supply. Later in the cycle, trade-ins and prior-model options may become easier to compare. Neither route is automatically better. The right choice depends on whether the current club is costing the player usable performance and whether the new build produces better launch, spin, strike pattern, or dispersion in a repeatable way. How fitters should read price versus value. Value has to show up in the spec sheet. A higher price can be accepted by many golfers if the fitting result is clear. That does not mean promising more yards or lower scores. It means showing the player what changed: face contact, launch window, spin range, curve control, peak height, descent angle, or gapping. The best fitters keep the conversation grounded in evidence from the session rather than brand excitement. For example, a driver fitting should make clear whether the improvement came from head loft, face angle setting, shaft weight, shaft profile, length, tee height, or a better strike pattern. An iron fitting should show whether the player needs more height, less spin, a different sole shape, or lie-angle correction. If the proposed build costs more than a stock option, the golfer should understand exactly why. Premium does not mean automatically better. One risk in a rising-price market is that golfers start using price as a shortcut for fit quality. That is a mistake. A premium shaft that does not match delivery can be worse than a no-upcharge option that squares the face and tightens strike. A tour-style ball can be a poor match for a moderate-speed player who needs a different launch and spin blend. A forged iron may feel excellent but still leave a player short of the launch window needed to hold greens. Golf equipment pricing is most useful when it is tied to fit purpose. Pay for a feature if it solves a real issue. Be cautious if the only reason for the upgrade is that it appears on a premium wall display. Good fitting is not about spending the most; it is about matching the club and ball to the player's motion, turf interaction, speed, delivery, and scoring needs. Buyer questions before A club order. Questions worth asking before payment. Before placing an order after a fitting, golfers should slow the process down enough to check the financial side. A clear quote is part of a good fitting experience. If the shop cannot explain the cost stack, comparison shopping becomes guesswork. * Is the fitting fee separate, credited, or included in the quoted order? * Does the quote include the exact shaft, grip, length, loft, lie, and any build work discussed? * Are there no-upcharge alternatives that produced similar launch-monitor results? * What is the policy if the delivered build does not match the agreed specifications? * Will the fitter provide the measured specs and launch data used to make the recommendation? These questions do not make the process adversarial. They protect both sides. The golfer knows what is being purchased, and the fitter can connect the recommendation to data rather than vague preference. For those who appreciate a broader perspective on similar topics, noticiasbo.com offers related insights. Here, however, the focus remains on how these pricing patterns influence real fitting decisions. Golf equipment pricing and the fitting bay. What I would watch next. The Acushnet Q2 2026 disclosure supports the view that the premium side of the market remained strong through June 30, 2026, but it also shows why golfers need context. Higher average selling prices, a major metalwood launch, ball-price strength, and tariff-refund effects can all sit inside the same headline period. A fitter has to separate those threads before turning market data into advice. Golf equipment pricing should push golfers toward better questions, not panic buying. If a current driver fits poorly, waiting for a discount may cost useful on-course control. If a current iron set still gaps well and produces the needed height, a new premium release may be interesting without being necessary. If a ball price rises, the player should test whether the model still delivers the best blend of driver spin, iron control, wedge spin, and putting feel. The healthiest fitting approach is simple: test first, price second, decide with the full build in view. Acushnet's numbers show that many golfers are still paying for premium gear, but the smart buyer asks why a specific club, shaft, ball, or build belongs in the bag. That is where price transparency becomes more than a business term. It becomes part of better equipment decisions.

SGB Media
Aug 14th, 2026
EXEC: Fila brand parent, Misto Holdings, sees Q2 driven by partial ownership of Titleist and Footjoy.

EXEC: Fila brand parent, Misto Holdings, sees Q2 driven by partial ownership of Titleist and Footjoy. August 14, 2026 Misto Holdings (aka Fila Holdings), the South Korea-based owner of the Fila brand and majority shareholder in Acushnet, Inc., the parent of the Titleist and FootJoy golf brands, reported that second quarter consolidated revenue increased 16.6 percent year-over-year (y/y) to KRW 1.4 trillion ($953 mm), while operating profit rose 62.3 percent to KRW 295.2 billion ($196.6 mm). Eighty-six percent of company revenue originates from Acushnet, Inc., which is a publicly-traded company in the U.S. Ho Yeon (Aaron) Lee, CFO of Misto Holdings, said, "Our second-quarter results reflect continued progress in strengthening the competitiveness and profitability of our core businesses. In the second half of the year, we will remain focused on enhancing Fila's product competitiveness in Korea, expanding our brand portfolio in Greater China, and driving greater operational efficiency to build a stronger foundation for sustainable growth." Misto Holdings reported in the South Korean Won (KRW) currency. SGB Media converted to U.S. dollars at a conversion rate of 1 KRW to .000666 USD as published as the average conversion rate by the company. Strong performance at Acushnet and improved profitability in the Misto segment were cited as driving the second-quarter results. Acushnet benefited from strong new product sales, while a one-time tariff refund provided an additional lift to earnings. Misto Segment The Misto segment, which includes the Fila brand, recorded second-quarter revenue of KRW 200.4 billion ($133.5 mm) and operating profit of KRW 36.4 billion ($24.3 mm). Revenue declined 7.4 percent y/y, primarily reflecting the restructuring of the company's U.S. operations. Excluding the U.S. business, revenue grew 4.0 percent y/y. Segment operating profit increased 6.6 percent y/y to KRW 36.4 billion ($24.3 mm), which was said to be supported by improved profitability in Korea, growth in Greater China and company-wide cost efficiency initiatives. Fila brand reportedly delivered "broad-based growth" across both footwear and apparel. Glio, introduced for the Spring/Summer season, maintained strong sales momentum, while My T-Shirt emerged as a key apparel item, with search volume increasing approximately fivefold year-over-year and sales up 20 percent. Fila also continued to expand its retail footprint in Southeast Asia, opening new stores in key commercial districts in Malaysia and introducing the region's first Fila 1911 Store (see below for full story). In Greater China, Misto Holdings said it continued to expand its brand portfolio, building on steady growth across its core brands. The company said it began the full-scale rollout of Juun.J, a global designer brand from Samsung C&T Fashion Division, opening stores at Chengdu Taikoo Li in July and Beijing Sanlitun in August. Additional brand launches are planned for the Spring/Summer 2027 season as the company continues to strengthen its long-term growth platform in the region. Acushnet Segment The Acushnet segment saw Titleist performance remain strong across key Titleist categories in Q2, including golf balls, clubs and gear, with new driver and fairway wood launches providing an additional boost to sales. Acushnet also reportedly benefited from the strategic timing of key product launches ahead of the peak golf season. Higher equipment sales and average selling prices supported revenue growth, while a one-time tariff refund contributed to the significant increase in operating profit. See below for a full review of the Acushnet (Titleist and Footjoy) business. Share Repurchase Program Meanwhile, Misto Holdings said it continues to execute its shareholder return policy to enhance shareholder value. The company has completed the KRW 10 billion share repurchase approved in May and has approved an additional KRW 5 billion share repurchase, further advancing its ongoing shareholder return initiatives. Outlook Misto Holdings reaffirmed its consolidated and Misto financial outlook for FY2026, reflecting Q2 results, views on macroeconomic trends and business projections for the whole year. Given the continued solid performance across all business segments and the one - time tariff refund benefit at Acushnet in Q2, Sgbonline expect a positive impact on its full-year performance. Planning to revisit an update as Misto/Acushnet progress and visibility improves in macroeconomic uncertainties. Acushnet's FY2026 outlook was disclosed on August 6. Sales growth of y/y +4.1 percent at the mid-point, and adj. EBITDA growth of y/y of +12.3 percent at the mid-point. Image, data and table courtesy Misto Holdings

MarketBeat
Aug 8th, 2026
Acushnet Q2 earnings call highlights.

Acushnet Q2 earnings call highlights. August 8, 2026 Key points. * Acushnet delivered strong second-quarter results: Sales rose 14% year over year to $820 million and adjusted EBITDA increased 46% to $209 million, helped by Titleist equipment momentum, the accelerated GTS metals launch and approximately $38 million in net tariff refunds. * Titleist Golf Equipment led growth, with first-half club sales up 24% and second-quarter club sales up 43%. All regions posted constant-currency growth, while U.S. golf rounds increased 4% year to date. * The company raised its 2026 outlook to $2.65 billion-$2.675 billion in sales and $450 million-$470 million in adjusted EBITDA, but expects second-half results to decline year over year because GTS shipments moved into the second quarter and preparations begin for the 2027 Pro V1 launch. * Five stocks we like better than Acushnet. Acushnet NYSE: GOLF reported higher second-quarter sales and adjusted EBITDA, citing continued momentum in Titleist golf equipment, an accelerated launch of its GTS metals line and a benefit from tariff refunds. The company also raised its full-year outlook, though it expects second-half comparisons to be affected by the timing of golf-club shipments and preparation for a 2027 Pro V1 launch. Worldwide net sales rose 14% year over year to $820 million in the second quarter, while adjusted EBITDA increased 46% to $209 million. For the first six months of 2026, sales increased 10% to $1.57 billion and adjusted EBITDA rose 25% to $353 million, the company said. Chief Financial Officer Sean Sullivan said second-quarter adjusted EBITDA included approximately $38 million in net refunds related to IEEPA tariffs, after accounting for the impact on incentive compensation. Excluding the net refund benefit, first-half adjusted EBITDA increased 12%, ahead of the company's expectations for high-single-digit growth in sales and EBITDA during the period. Golf Equipment drives growth. President and Chief Executive Officer David Maher said Titleist Golf Equipment remained the primary growth driver. The segment grew 14% in the first half, with golf clubs up 43% in the second quarter and 24% for the first half. The growth was led by the launch of the GTS line of metals, which Acushnet moved from a planned third-quarter launch into the seasonally stronger second quarter. Maher said the shift required changes to product-development, supply-chain and assembly timelines. New Vokey Design SM11 wedges and Titleist irons also contributed to first-half growth. Titleist golf-ball revenue rose 6% in the first half, led by Pro V1 sales despite what Maher described as a challenging comparison with the prior-year product launch. He said Titleist golf balls had recorded 22 PGA Tour wins to date, 18 more than the nearest competitor. Golf Gear sales increased 6% in the first half, led by double-digit gains in Titleist gloves, bags and the Club Glove travel brand. FootJoy sales rose 3% in the second quarter and 1% in the first half, supported by footwear demand. Maher said the FootJoy business has been shifting toward premium-performance footwear franchises including Premiere, HyperFlex and Pro/SL, as well as a more premium apparel mix. Discover more MarketBeat Research Tools Stock Average Calculator Sullivan said FootJoy's reported operating margin improved by about 100 basis points year over year in the first half. Normalizing for tariff refunds, he said the improvement was about 170 basis points. Regional results and industry conditions. All regions posted constant-currency growth in the second quarter and first half. U.S. sales rose 15% in the quarter, while sales in Europe, the Middle East and Africa increased 12%. Japan sales rose 31%, Korea sales increased 7%, and rest-of-world sales grew 15%, led by Australia, New Zealand, Southeast Asia and China. Maher said first-half rounds played were projected to increase by low single digits globally. He cited growth in the U.S., Japan and Korea, partly offset by modest declines in Europe following a weather-driven increase in European rounds during 2025. In the U.S., rounds played were up 4% year to date, Maher said. He noted that all eight regions tracked by the National Golf Foundation showed growth, while public-course play was growing faster than private-course activity. Japan and Korea continued to show strength in golf equipment, though wearables such as apparel, footwear and gear remained softer, particularly in Asia. Margins, investments and capital returns. Second-quarter gross profit rose $92 million to $446 million, and gross margin increased 520 basis points to 54.4%. The increase reflected a portion of the tariff-refund benefit, higher Titleist Golf Equipment volumes and higher average selling prices, partly offset by approximately $11 million in incremental tariff expense compared with the prior year. First-half gross margin was 50.9%, up 230 basis points. Excluding the net tariff-refund benefit, first-half gross margin was 48.1%, down 50 basis points from a year earlier. Acushnet incurred approximately $29 million more in tariff expense in the first half than in the comparable 2025 period. Second-quarter selling, general and administrative expense rose $24 million to $246 million as the company invested in its fitting network, information-technology systems and advertising and promotion around product launches. Capital expenditures totaled $37 million in the first half, up $12 million from a year earlier, including investments in golf-ball manufacturing capacity and club assembly. Maher said the company's ball plants are operating near full capacity, but capacity is not currently a constraint. Acushnet has been expanding cast-urethane capacity in Massachusetts and Thailand, with additional expansion expected over the next one to two years. He said new production lines can take 12 to 18 months to become operational. Through June, Acushnet returned approximately $57 million to shareholders, including $31 million in cash dividends and $26 million in repurchases. The board declared a quarterly dividend of $0.255 per share, payable Sept. 18 to shareholders of record Sept. 4. Outlook raised, but second half faces timing effects. Acushnet raised its 2026 sales outlook to a range of $2.65 billion to $2.675 billion, representing 4.1% growth at the midpoint. On a constant-currency basis, the company expects sales growth of 3.4% to 4.3%. The company now expects adjusted EBITDA of $450 million to $470 million for the full year, including an estimated $30 million net benefit from IEEPA tariff refunds. It expects about $54 million of tariff expense for 2026, down from its prior estimate of $70 million, though Sullivan said the benefit is expected to be largely offset by higher product and freight costs, including synthetic-rubber and tungsten costs. Acushnet expects second-half sales to decline by low single digits and adjusted EBITDA to fall compared with the second half of 2025. The company said the impact will be more pronounced in the fourth quarter because a meaningful amount of GTS club sales and earnings shifted into the second quarter. Sullivan said that, aside from the launch timing, the company's underlying outlook for its other businesses remained largely unchanged. About Acushnet (NYSE:GOLF). Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company's portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels. At the core of Acushnet's product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. 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