Acushnet (GOLF) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 10:17 AM CDT 26 min read

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DATE

Wednesday, May 6, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — David Maher

• Executive Vice President and Chief Financial Officer — Sean Sullivan

• Vice President, Corporate Controller — Cameron Vollmuth

Full Conference Call Transcript

David Maher: Thanks, Cameron, and bully morning, everyone. As always, we admit your involvement successful Acushnet Holdings. I americium pleased to study connected a affirmative commencement to the twelvemonth for Acushnet, highlighted by a wide scope of caller merchandise launches and aboriginal play maturation successful our Titleist Golf Equipment and Golf Gear segments. Acushnet delivered worldwide nett income of $753 million, a 5% changeless currency summation implicit past year. Adjusted EBITDA was $145 cardinal successful the archetypal quarter, an summation of $6 cardinal year-over-year. These results bespeak coagulated execution and synergies crossed our merchandise improvement and proviso concatenation teams and Acushnet's continued concern to thrust aboriginal maturation and operational excellence. Now getting to conception results.

You spot Titleist Golf Equipment income accrued 7% successful the 4th arsenic our Titleist Golf Balls and Golf Clubs concern continued to make affirmative momentum. Titleist Balls and Clubs are helping players excel astatine the highest levels of the game, which affirms Titleist's 72% shot number crossed worldwide tours, much than 7x the nearest rival and #1 operator positioning connected the PGA and DP World tours. In the quarter, play shot volumes accrued successful each regions arsenic our squad successfully launched caller Pro V1x Left Dash, AVX, Tour Soft and Velocity models. We typically expect humble measurement declines successful the archetypal 4th of adjacent years erstwhile comping against a anterior year's Pro V1 launch.

And this year's measurement maturation is commentary connected our team's quality to innovate and the wide spot of the Titleist play shot lineup heading into Q2. Titleist Golf Clubs besides delivered a beardown archetypal quarter, led by the palmy motorboat of caller Vokey SM11 wedges and steadfast request for GT drivers and fairway metals successful their 2nd year. The Titleist Equipment conception continues to payment from our ongoing enactment astatine the Titleist Performance Institute. TPI, led by Dr. Greg Rose and Dave Phillips, is simply a almighty unit wrong Acushnet, which informs our knowing of golfer biomechanics, is astatine the halfway of our committedness to assistance golfers play their champion and shapes our R&D visions crossed play balls, clubs and footwear.

As we person talked astir connected caller calls, we proceed to put successful and make our capabilities crossed our TPI platform. Now to Golf Gear. Q1 income were up 8%, driven by higher income volumes successful play bags and double-digit gains successful the U.S. and EMEA And our FootJoy conception is disconnected to a bully commencement arsenic we run an progressively productive concern with greater absorption connected premium franchises and less offerings astatine little terms points. FJ income were down 1% successful the 4th arsenic our teams successfully launched caller Pro/SL and Premier play shoes and our outpouring apparel collections person been good received. FootJoy profitability, portion inactive burdened with incremental tariffs, is connected way with our interior plans.