Acushnet Holdings' Q3 sales beat expectations

Acushnet Holdings

05/11/2025 11:13

Overview

Acushnet Q3 net sales rise 6% to $657.7 mln, beating analyst expectations

Net income for Q3 falls 13.7% to $48.5 mln

Adjusted EBITDA for Q3 increases 10.4% to $118.6 mln

Outlook

Company updates full-year 2025 revenue guidance to $2,520 to $2,540 mln

Company expects full-year 2025 adjusted EBITDA of $405 to $415 mln

Acushnet anticipates constant currency sales growth of 2.6% to 3.4% for 2025

Result Drivers

TITLEIST GROWTH - Higher average selling prices and sales volumes in Titleist golf equipment, especially golf balls and T-Series irons, drove Q3 sales

GOLF GEAR SALES - Increased average selling prices across all product categories contributed to growth in Golf gear sales

FOOTJOY PERFORMANCE - Growth in FootJoy golf wear sales due to higher average selling prices, despite lower footwear volumes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$657.70 mln
$633 mln (6 Analysts)
Q3 Net Income
$48.50 mln
Q3 Adjusted EBITDA
$118.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the recreational products peer group is "buy."

Wall Street's median 12-month price target for Acushnet Holdings Corp is $80.00, about 5.9% above its November 4 closing price of $75.29

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)