Q4 2025 Acushnet Holdings Corp Earnings Call Transcript
Key Points
- Acushnet Holdings Corp (GOLF) reported a 7% increase in fourth-quarter revenues, driven by strong performance in the Titleist golf equipment segment.
- The company achieved net sales of $2.56 billion and adjusted EBITDA of $410 million for the full year 2025, reflecting growth of 4% and 1.5% respectively.
- Titleist golf equipment segment grew by 6% in 2025, supported by investments in product development and manufacturing, particularly in golf balls and clubs.
- FootJoy brand showed positive momentum with a favorable shift towards premium, high-performance footwear franchises, despite a slight decline in overall sales.
- Acushnet Holdings Corp (GOLF) announced an 8.5% increase in its quarterly dividend payout for 2026, marking the ninth consecutive annual increase, reflecting confidence in the company's financial health and growth prospects.
- Adjusted EBITDA for the fourth quarter was $9.8 million lower than the previous year, impacted by higher tariff costs and other expenses.
- Gross margin fell by 60 basis points to 47.7% in 2025, primarily due to incremental tariff costs of approximately $30 million.
- SG&A expenses increased by $13 million in the fourth quarter compared to the previous year, driven by higher employee expenses and other operational costs.
- The FootJoy brand experienced a 1% decline in sales, attributed to reduced discounted sales compared to the previous year.
- The company faces ongoing challenges with tariffs, expecting approximately $70 million in tariff costs for 2026, which could impact profitability.
Hello, quarter 2025 Arnie's call. My name is Josh and I will be the moderator for today's call.
(Operator Instructions)
At this time, I'd like to introduce your host, Mr. Cameron Vollmuth, Director of Investor Relations. Cameron.
You may proceed.
Good morning, everyone. Thank you for joining us today for a cushioned Holding Corp's 4th quarter and full year 2025 earnings conference call. Joining me this morning are David Marr, our President and Chief Executive Officer, and Sean Sullivan, our Chief Financial Officer.
Before turning the call over to David, I would like to remind everyone that we will make forward-looking statements on the call today. These forward-looking statements are based on Akushn's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations.
For a list of factors that could cause actual results to differ, please see today's press release,
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